 |
|
Long Term Disability
Illnesses or accidents keep 1 in 5 workers out of work for at
least a year during their working careers,1 and the average
long term disability absence lasts 2.5 years.2 Yet, 70% of the
private sector workforce has no long term disability insurance.3
When a disability occurs, Employers suffer financial burdens with
direct costs and lost productivity. AlwaysCare works to reduce the
impact by providing flexible plan design options, affordable rates,
quick and accurate claims processing, an Employee Assistance Plan (EAP),
and return-to-work incentives.
|
FLEXIBILITY
|
Available for groups of all sizes, either employer-paid
or voluntary
Rate Guarantee – Standard 2 year rate guarantee
Contribution/Participation Requirements:
| 100% Employer Paid |
All Eligible Employees Covered |
| Contributory |
75% of Eligible Employees must enroll |
| Voluntary |
10 Enrolled Employees or 25% of Eligible Employees, whichever is greater |
Seamless Claims Management – When offered with AlwaysCare Short
Term Disability, there is no additional claim filing. The long term disability plan will
automatically take over when the short term plan ends.
|
KEY FEATURES
|
Monthly Benefit Percentages: 50%, 60% or 66 2/3%
Maximum Monthly Benefit – Up to $6,000 standard, other amounts available
Minimum Monthly Benefit – Amount is greater of 10% of group’s monthly benefit OR $50
Benefit Duration – The most popular schedule pays benefits
to SSNRA; Other schedules are available
Standard Elimination Period – 90 or 180 days, other
options available
Definition of Disability Options – Generous definitions
available with two year “own occupation” and “any occupation” thereafter; Other options
available
Return-to-Work Incentives – Employees who return
to work while disabled may receive up to 100% of pre-disability earnings for the
first 12 months after they return to work
Progressive clinical and vocational rehabilitation
programs are available
Social Security Assistance
|
OPTIONAL BENEFITS
|
|
Many different optional benefits available, including:
|
 Survivor Benefit
Drug & Alcohol Limitation
COLA Adjustment
|
|
Family Care Credit Benefit
Mental and Nervous Limitation
|
Optional benefit availability varies by state. Please contact your AlwaysCare
sales representative for additional benefits and information.
Form Series NHGRPOL
|
|
This is a brief description of the plan. It should only be used as a guide. It does not
contain complete plan details. Terms and conditions, including a complete list of benefits,
limitations and exclusions, are defined in the certificate issued in the plan. If questions
arise concerning the coverage, the certificate and riders will govern. Products may not be
available in all states.
1 U.S. Census Bureau, December 1997
2 Commissioner’s Individual Disability Table A
3 Social Security Administration, Fact Sheet 2007
|
|
|
|
