DISABILITY INSURANCE
Disability insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
SHORT-TERM DISABILITY INSURANCE
SAFEbuilt automatically provides short-term disability (STD) insurance through Anthem to all benefits-eligible employees AT NO COST. STD insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury. Benefits will be reduced by other income, including state-mandated STD plans.
- Benefit: 60% of weekly earnings up to $1,000 per week
- Elimination period: 14 days
- Benefit duration: Up to 11 weeks
LONG-TERM DISABILITY INSURANCE
SAFEbuilt automatically provides long-term disability (LTD) insurance through Anthem to all benefits-eligible employees AT NO COST. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period.
- Benefit: 50% of basic monthly earnings up to $2,500 per month
- Elimination period: 90 days
- Benefit duration: Social security normal retirement age
VOLUNTARY LONG-TERM DISABILITY BUY-UP INSURANCE
You may purchase voluntary long-term disability (LTD) coverage. Voluntary coverage provides 60% of your basic monthly earnings, up to $10,000 per month after 90 days of disability.
If you do not elect voluntary coverage when you are first eligible to enroll, and choose to enroll at a later date (not limited to open enrollment), you will be required to submit evidence of insurability (EOI). Coverage will not take effect until approved by Anthem.
VOLUNTARY LONG-TERM DISABILITY BUY-UP INSURANCE COSTS
Listed below are the monthly costs for voluntary LTD insurance. The amount you pay for coverage is deducted from your paycheck on a post-tax, bimonthly basis.
