Group Long-Term Disability Insurance
The College offers group long-term disability insurance coverage which provides all regular, continuing full-time and part-time employees, who work at least 20 hours each week for either the fiscal or academic year, 24-hour protection against the loss of income in the event that an employee is deemed totally disabled by the long-term disability insurance provider and that disability prevents an employee from working and earning an income.
You will be considered disabled and eligible for benefits if because of injury or sickness you cannot perform each of the material duties of your regular occupation; and after benefits have been paid for 24 months, you cannot perform each of the material duties of any gainful occupation for which you are reasonably fitted by training, education, and experience; or while you are unable to perform all of the material duties of your regular occupation on a full-time basis, you are able to perform at least one of the material duties of your regular occupation or another occupation on a part-time or full-time basis; and your earnings are at least 20% less per month than your pre-disability earnings due to that same injury or illness.
The College provides a core benefit of 40% of your basic monthly earnings, to a maximum monthly benefit of $6,666. You may elect to increase your coverage by choosing one of the following options: 50% of your basic monthly earnings to a maximum monthly benefit of $8,333; 60% of your basic monthly earnings to a maximum monthly benefit of $10,000; or 66 2/3% of your basic monthly earnings to a maximum monthly benefit of $12,000.
Participation in this long-term disability insurance plan becomes effective on the first of the month if it coincides with your date of hire or the first of the next month following your date of hire, provided you fill out the necessary application forms available in the Human Resources Department within 31 days of hire. You may apply to change your coverage level (40%, 50%, 60% or 66 2/3%) only during the open enrollment period which is held annually, or when you have experienced a change in status (such as the birth of a child or marriage). After initial enrollment if you request coverage change by more than one level (such as from 40% to 60%) to 66 2/3 you will need to complete a medical history statement form. The medical history statement form will be reviewed by the insurance company. They will determine your eligibility for increased coverage.
As long as you continue to meet the definition of disability, you would receive a benefit to the age of 65 if you become disabled prior to age 60. If you are disabled between ages 60 and 70, you will receive benefits for 5 years or until age 70, whichever comes first. If you are disabled after age 70, you will receive 12 months of benefits.
You will not be eligible to receive a benefit if your disability is caused by a pre-existing condition which begins in the first 12 months after your effective date of coverage. A pre-existing condition is one for which you received medical treatment, care, or services, including diagnostic measures, or took prescribed drugs or medicines in the 3 months prior to your effective date of coverage.
In addition, if you are enrolled in the College’s basic defined contribution retirement plan, an additional benefit will be directly deposited to your retirement program if you become disabled. If you are enrolled in the 40% plan, this benefit will be 8% of your pre-disability salary to a maximum of $700 per month. If you are enrolled in the 50%, 60% or 66 2/3% plan, this benefit will be 15% of your pre-disability salary to a maximum of $2,500 per month.
Benefits would begin after 180 consecutive days of disability.
If you have been disabled for 180 days and are receiving benefits and you die, a benefit will be paid to your survivors to help support them with immediate costs associated with the loss of your income. This benefit is equal to 3 times your gross monthly benefit and is payable to your spouse, children, or estate.