Disability
DISABILITY PLAN
Short-term Disability (STD) income replacement protects you if you are temporarily disabled due to an accident, sickness, or pregnancy. Your employer pays for this coverage, offered through Mutual of Omaha. Short-Term Disability works with Social Security and any other group disability coverage to provide you with a combined weekly benefit. Please refer to your Benefit Admin portal for full plan details.
Long-Term Disability (LTD) income replacement protects you if you are disabled for an extended period of time. Your employer pays for this coverage, offered through Mutual of Omaha. If you become totally and permanently disabled, benefits begin 180 days after the start of your illness or injury. Long Term Disability works with State Disability, Social Security, and any other group disability coverage to provide you with a combined monthly benefit.
STD INSURANCE BENEFITS |
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| How does my insurance carrier define Disability? | Mutual of Omaha considers you disabled if you've lost 1 or more material and substantial duties of your own occupation, AND you've lost at least 20% of your pre-disability earnings due to an accident or illness. |
| Weekly Benefit | If you've lost income as a result of a disability, you will receive 60% of your predisability income up to the allowed amount. Maximum weekly amount, $1,386. |
| When do benefits start? (Elimination period ) | If you become disabled, there is an elimination period before benefits are payable. Your benefits begin: · On the 60th day of your disabling injury · On the 60th day of your disabling illness. |
| How long do my benefits pay out? | Your benefits will pay you for up to 17 weeks. Please note that benefits will only pay out while you are disabled and have a loss of income. |
Long Term Disability Plan Document | Mutual of Omaha
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LTD INSURANCE BENEFITS |
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| How does my insurance carrier define Disability | Mutual of Omaha considers you disabled if you've lost 1 or more material and substantial duties of your own occupation, AND you've lost at least 20% of your pre-disability earnings due to an accident or illness. |
| Monthly Benefit | If you've lost income as a result of a disability, you will receive 60% of your pre-disability income up to the allowed amount. Maximum Monthly Benefit $6,000. |
| When do benefits start? (Elimination period ) | Your benefits begin on the later of 180 calendar days after the onset of your disabling injury or illness or the date your short-term disability ends. |
| How long do my benefits pay out? | If you become disabled prior to age 62, benefits are payable to age 65, your Social Security Normal Retirement Age or 3.5 years, whichever is longest. At age 62 (and older), the benefit period will be based on a reduced duration schedule. |
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