Short Term Disability Offering Methods Clause Samples

Short Term Disability Offering Methods. (choose one) Option A For All Eligible Worksite Employees - 100% Employer Paid Option B Client Elects to Waive Coverage - The same level of STD coverage must be offered to all employees within one class. - Client may elect up to 3 levels of STD. - A minimum of 3 employees per benefit level is required. - During the first full six months that an employee receives diability benefit payments, the benefit is taxable to the employee. Upon payments of STD benefits Client will be responsible for the employer portion of any applicable taxes due for such STD payments. LTD Elimination Periods as related to STD election: - If a client elects a 90 day elimination period, and is also offering STD coverage, they MUST elect the 13 week duration period. - If a client elects a 180 day elimination period, and is also offering STD coverage, they must elect the STD 26 week duration period to avoid an overlay of coverage. - Elimination Period is the length of time during a period of disability that must pass before benefits are paid. - STD coverage is not applicable to certain industries. Level 1 STD2B 60% $2,500/wk (0/7-26) $ 35.17 Level 2 STD2B 60% $1,000/wk (0/7-26) $ 31.95 Level 3 STD2B 60% $2,500/wk (14/14-26) $ 26.34 Level 4 STD2B 60% $1,000/wk (14/14-26) $ 23.98 Level 5 STD2B 60% $500/wk (14/14-26) $ 18.37 Level 6 STD2B 60% $250/wk (14/14-26) $ 12.87 Level 7 STD2B 60% $1,000/wk (14/14-13) $ 16.31 Level 8 STD2B 60% $1,000/wk (0/7-13) $ 24.30 Level 9 STD2B 60% $250/wk (14/14-13) $ 8.76 Level 10 STD2B 60% $2,500/wk (0/7-13) $ 26.74 Level 11 STD2B 60% $500/wk (14/14-13) $ 12.49 Level 12 STD2B 60% $2,500/wk (14/14-13) $ 17.91 Short Term Disability Employer Election Class Description Level (choose one) All FT Employees Select...