SHORT TERM DISABILITY Benefit
Short Term Disability-Employer Paid
Details
• The maximum benefit amount is 60% of your gross weekly earnings, up to a maximum of $2,300 • The maximum benefit period is 13 weeks • Benefits begin after the end of the elimination period. The elimination period begins on the day you become disabled and is the length of time you must wait, while disabled, before you are eligible to receive a benefit. The elimination period is 0 days for an accident and 7 days for sickness
VOLUNTARY LONG TERM DISABILITY NEW IN 2022 Long Term Disability (LTD)- most people have enough savings to remain solvent for a short period of time after becoming disabled but if you had no income until Social Security kicked in would you be able to continue your lifestyle? •
SANS provides all employees working 20 or more hours per week the option to purchase long term disability insurance
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Disability insurance is a plan designed to provide partial income replacement coverage to eligible employees who become disabled and are unable to work due to an illness or injury for a long period of time
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Participation requirement- if not enough employees elect, this benefit will not be offered. If this occurs and you elected this benefit, SANS HR team will notify you Benefit
Voluntary Long Term Disability
Details
• The maximum benefit amount is 60% of your gross monthly earnings, up to $8,000 per month • The maximum duration is until your SSNRA (Social Security Normal Retirement Age) • Benefits begin after a 90 day elimination period. The elimination period begins on the day you become disabled and is the length of time you must wait, while disabled, before you are eligible to receive a benefit 10
