Short-Term Disability (STD) provides you with a portion of income replacement if you are unable to work due to a non-occupational illness or injury.
Class 1 (California): Receive 30% of your weekly salary, up to a maximum of $1,000 per week for up to 51 weeks.
Class 2 (Non-California): Receive 66.67% of your weekly salary up to $2,500 per week for up to 51 weeks.
Benefits begin on the eighth day following the onset of the disability.
Keep in mind that the STD plan has a pre-existing condition limitation. A pre-existing condition is a sickness or injury for which in the 3 months before your coverage starts, you see a provider, take prescribed drugs, or receive other medical care or treatment. If your disability is the result of a pre-existing condition, benefits are not payable unless the disability starts after you are covered under the plan for 6 consecutive months.
For assistance filing a claim, call 800-362-4462 or visit NY Life Disability Claims.
Class 1
Rate per $10 of Weekly Benefit = $1.021
Elected Benefit Amount ÷ 52 x 0.60 = $__÷ $10 = $__ x $1.021 = Monthly Cost
Class 2
Rate per $10 of Weekly Benefit = $1.239
Elected Benefit Amount ÷ 52 x 0.60 = $__÷ $10 = $__ x $1.239 = Monthly Cost
Long-Term Disability (LTD) coverage is important because anyone at any age may become injured or ill for an extended period of time. LTD protects you from loss of income in the event you are unable to work due to an illness, injury, or accident for a period of time that exceeds the short-term disability benefit. Protect yourself and your family when you elect in an LTD plan. The price you pay now can provide you financial security during an unexpected accident or illness.
LTD coverage will replace 60% of your base salary to a monthly maximum of $10,000 if you are disabled for more than 365 days and are unable to work. Voluntary LTD coverage is paid for after taxes, which means Long-Term Disability benefits are tax free. LTD benefits are also offset by other sources of income, such as Social Security and Workers’ Compensation.
Annual Salary ÷ 12 = Monthly Salary ÷ $100 = ___ x $ Rate from table = Your Monthly Cost
| Age Bracket | Monthly Cost per $100 of Monthly Covered Payroll |
|---|---|
| <20 | $0.14 |
| 20-24 | $0.18 |
| 25-29 | $0.15 |
| 30-34 | $0.37 |
| 35-39 | $0.52 |
| 40-44 | $0.76 |
| 45-49 | $1.03 |
| 50-54 | $1.32 |
| 55-59 | $1.37 |
| 60-64 | $1.45 |
| 65-69 | $1.52 |
| 70-99 | $1.59 |
This website highlights some of your benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. The company reserves the right to change any benefit plan without notice. Benefits are not a guarantee of employment.
For benefit questions & claims assistance, contact TouchCare at 866-486-8242 or assist@touchcare.com.
For HR related questions, contact the HR Service Desk.
