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Supplemental
LTD Insurance
Eligible employees may elect to purchase supplemental
LTD insurance either during their first 31 days
of eligibility or during any annual open enrollment period.
Supplemental
coverage increases the monthly benefit to 50%, 60% or 66 2/3%
of salary in effect
at the onset of the disability, offset by payments from other
sources described below.
A medical history statement form will
be required and reviewed for approval by MetLife by anyone wishing
to buy up after the initial enrollment period unless it’s
during the annual re-enrollment period.
During the annual re-enrollment period an employee can buy up
one level without going through the evidence process, however,
anyone wishing to increase their benefit by more than one level
will need to complete a medical history statement form.
The maximum
monthly benefit under the supplemental plan, inclusive of the
basic plan, is $12,000 per month. The employee pays the full
cost of the supplemental insurance and it is a function of the
employee’s salary.
The employee’s cost for supplemental
long term disability insurance will be calculated by the Human
Resources Department upon request. The premium is deducted from
the employee’s pay on an after-tax basis. Because the employee
pays the full cost of the supplemental insurance on an after-tax
basis, this portion of the monthly benefit is not considered
taxable income when paid to the employee.
Deductible Sources of Income
The amount of benefit payable under this plan during a period of
disability will be reduced by any of the following deductible sources
of income paid to you for the same period: amounts you receive under
workers compensation; benefits from another group long term disability
insurance plan; and amounts that you, your spouse and children receive
under Social Security. Please refer to the group insurance booklet
for details on deductible sources of income.
How to Apply for Benefits
Employees should contact the Human Resources Department as soon
as it may be reasonably determined that their disability will extend
beyond 180 days. An application for benefits requires that information
be provided by the College, the employee, and the employee's physician(s).
Additional information about this process is available in the Human
Resources Department.
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