Could you pay your bills if an illness or injury prevented you from working? Disability benefits can help.
Disability benefits are administered by [Cigna/Liberty Mutual].
Short-Term Disability (STD)
STD benefits replace a portion of your income if you’re unable to work due to pregnancy, illness, or non-work-related injury. Premier Company automatically provides STD coverage for you free of charge. You have the option to purchase [supplemental/voluntary STD].
Long-Term Disability (LTD)
[Premier Company automatically provides LTD coverage for you free of charge.] LTD benefits pick up where your STD benefits end—providing you with a portion of your income from [26 weeks] to [XX months]. [You have the option to purchase [supplemental/voluntary LTD].
Things to Consider
When deciding whether to enroll in [supplemental/voluntary] disability coverage, be sure to consider the following:
Cost per Paycheck
The cost of disability coverage is based on the level of coverage you elect. You’ll be able to see the cost per paycheck when you enroll.
Other Income Sources
If you were unable to work, would other sources of income be available to you, such as sick pay, salary continuance, a short-term state disability plan, or Social Security? If so, consider whether you would have enough money to pay your ongoing expenses for a period of time.
Disability benefits may be taxable as ordinary income. That means federal and state income taxes will be deducted from disability benefit checks. When choosing a disability coverage level, be aware that taxes may affect the dollar amount of your benefit.
In order to buy certain levels of LTD coverage, you’ll need to prove that you are in good physical health. This is called providing evidence of insurability (EOI).
If EOI is required, you will get instructions on how to access the form as you complete your enrollment online. Please fill out the form and submit it promptly. Full coverage won’t take effect until the carrier approves your coverage.
If you don’t submit the EOI form or it doesn’t get approved, you’ll get the highest level of coverage that doesn’t require EOI, if any.