Page 12 - Catasys Benefit Guide 2020-2021

Income Protection Benefits

Life and AD&D Insurance Disability Insurance

Guardian | Basic Life and AD&D Guardian | Short Term Disability Insurance
Insurance Catasys offers you Short Term Disability (STD) to provide
Life insurance protects your family or other beneficiaries in income replacement if you become disabled due to accident,
the event of your death while you are still actively employed sickness or pregnancy, through Guardian. If you experience a
with the company. Catasys pays for coverage, offered temporary disability, benefits begin 15 days after the start of
through Guardian, in the amount of 1x your annual base your accident, sickness or pregnancy. STD works with state
salary to a maximum benefit of $300,000. If your death is disability programs, Social Security, and any other group
due to a covered accident or injury, your beneficiary will disability coverage, to provide you with a combined monthly
receive an additional amount through Accidental Death and benefit equal to 60% of your pre‐disability earnings up to a
Dismemberment (AD&D) coverage. maximum benefit of $2,308 per week.

Guardian | Voluntary Life and AD&D Guardian | Long Term Disability Insurance
Insurance Catasys offers you Long Term Disability (LTD) to provide
In addition to the company provided Basic Life and AD&D income replacement if you become disabled for an extended
period of time, through Guardian. If you become totally and
benefits, you may elect to purchase additional Term Life and
permanently disabled, benefits begin 180 days after the start
AD&D insurance at discounted group rates provided by
of your illness or injury. LTD works with state disability
Guardian. You pay for this coverage with after-tax dollars
through convenient payroll deductions. programs, Social Security, and any other group disability
coverage, to provide you with a combined monthly benefit
Employee equal to 60% of your pre‐disability earnings up to a maximum
benefit of $10,000 per month.
You may purchase coverage for yourself in increments of
$10,000 up to a maximum benefit of $500,000, not to ex‐
ceed 5 times your annual salary.
Spouse
If you buy coverage for yourself, you may also purchase cov‐
erage for your eligible spouse. Benefits for your spouse are
available in increments of $5,000 to a maximum benefit of
$100,000 and may not exceed 50% of your employee elec‐
tion.
Child(ren)
If you buy coverage for yourself, you may also purchase cov‐
erage for your eligible dependent child(ren) in the amount of
$10,000.

Guarantee issue is a pre-approved amount of coverage that
does not require you to provide proof of good health, and is
available to you during your initial eligibility period (upon
hire). Guarantee issue is available in the following amounts:
 Employee = $100,000
 Spouse = $30,000
 Child(ren) = Entire benefit amount

If you are no longer in your initial eligibility period, you may
enroll in Voluntary Life and AD&D insurance anytime during
the year as long as you provide proof of good health. To
provide proof of good health, you will be asked to complete
a health questionnaire and are subject to insurance carrier
approval. Guardian may approve or decline coverage based
on a review of your health history.
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