Common use of STD/LTD Clause in Contracts

STD/LTD. The Disability Salary Continuance Plan is the formal name for what is commonly referred to as a short-term and long-term disability plan. The County provides self-insured Short Term Disability (STD) benefits and fully-insured Long Term Disability (LTD) benefits to approximately 2,086 covered employees. Covered employees include full-time employees within the Administrative Management, Executive Management, Law Management, Attorney, and Craft & Plant Units. The Plan Documents that have been adopted by the County's Board of Supervisors are attached. The Disability Salary Continuance Plan provides covered employees with up to 60% of covered earnings when they become disabled. The maximum benefit period is 26 bi-weekly pay periods (1 year). After the maximum benefit period under the Disability Salary Continuance Plan, covered employees may also be eligible for long-term disability benefits. The Disability Salary Continuance Plan Administrator will coordinate the transition of the Disability Salary Continuance claim to Long Term Disability. The Disability Salary Continuance Plan provisions for each unit are essentially the same except for the maximum monthly benefit amount. The minimum benefit for all units is $50.00. In summary, Disability Salary Continuance Plan administration includes claims processing (i.e., receive claim, verify eligibility, review claim for completion, obtain clarification from provider or claimant as required, and determine benefits), issuing benefit checks, issuing W-2s, providing customer service to eligible employees and providing claim activity reports, fund activity reports and analysis data as required by the County. Administrative services shall be performed within the timeframes agreed upon by the County and the Plan Administrator. Claims are paid through an imprest account at a bank mutually determined by the Administrator and the County of Orange. Benefit checks are issued weekly.

Appears in 2 contracts

Sources: Contract for the Provision of Long Term Disability Insurance and Administration of Short Term Disability Insurance, Contract for the Provision of Long Term Disability Insurance Plan and Administration of Short Term Disability Insurance

STD/LTD. The Disability Salary Continuance Plan is the formal name for what is commonly referred to as a short-short- term and long-term disability plan. The County provides self-insured Short Term Disability (STD) benefits and fully-insured Long Term Disability (LTD) benefits to approximately 2,086 covered employees. Covered employees include full-time employees within the Administrative Management, Executive Management, Law Management, Attorney, and Craft & Plant Units. The Plan Documents that have been adopted by the County's Board of Supervisors are attached. The Disability Salary Continuance Plan provides covered employees with up to 60% of covered earnings when they become disabled. The maximum benefit period is 26 bi-weekly pay periods (1 year). After the maximum benefit period under the Disability Salary Continuance Plan, covered employees may also be eligible for long-term disability benefits. The Disability Salary Continuance Plan Administrator will coordinate the transition of the Disability Salary Continuance claim to Long Term Disability. The Disability Salary Continuance Plan provisions for each unit are essentially the same except for the maximum monthly benefit amount. The minimum benefit for all units is $50.00. In summary, Disability Salary Continuance Plan administration includes claims processing (i.e., receive claim, verify eligibility, review claim for completion, obtain clarification from provider or claimant as required, and determine benefits), issuing benefit checks, issuing W-2s, providing customer service to eligible employees and providing claim activity reports, fund activity reports and analysis data as required by the County. Administrative services shall be performed within the timeframes agreed upon by the County and the Plan Administrator. Claims are paid through an imprest account at a bank mutually determined by the Administrator and the County of Orange. Benefit checks are issued weekly.

Appears in 1 contract

Sources: Contract for the Provision of Long Term Disability Insurance Plan and Administration of Short Term Disability Insurance