Disability Benefits
Short-Term Disability insurance is “paycheck” protection and pays a percentage of your salary if you become temporarily disabled for a period of weeks. Common short-term disability claims include injury, pregnancy, and minor surgeries.
Benefits |
|
|---|---|
Benefit Amount |
60% of basic weekly earnings |
Maximum Benefit Amount |
$1,000 per week |
Elimination Period |
Benefits begin 8th day for injury & sickness |
Benefit Duration |
Up to 12 weeks |
Age |
Monthly Rate per $10 of Weekly Benefit |
|---|---|
0-34 |
$0.447 |
35-39 |
$0.568 |
40-44 |
$0.568 |
45-49 |
$0.542 |
50-54 |
$0.809 |
55-59 |
$0.809 |
60+ |
$0.843 |
Long-Term Disability insurance protects your ability to earn a paycheck. It pays a percentage of your salary if you become unable to work for a long period of time. Common long-term disability claims include musculoskeletal disorders, cancer or serious illness, and mental health issues.
Coverage is provided by GWBD to all full-time employees at no cost.
Benefits |
Employees earning <$100,000 |
Employees earning >$100,000 |
|---|---|---|
Benefit Amount |
60% of basic monthly earnings |
60% of basic monthly earnings |
Maximum Benefit Amount |
$5,000 per month |
$10,000 per month |
Elimination Period |
90 days |
90 days |
Benefit Duration |
To Social Security Normal Retirement Age |
To Social Security Normal Retirement Age |