If you are ill or injured for more than 180 days, you may be eligible for long-term disability (LTD) benefits. The Company provides you with basic coverage automatically, and you have the option of purchasing additional coverage:
- Company-paid basic coverage – 40% of your monthly salary, up to $15,000 per month
- Buy-up coverage – 60% of your monthly salary (+20% from Basic Coverage), up to $15,000 per month ($15,000 monthly maximum is combined with Basic coverage)
You must work 20 or more standard hours per week to receive Company-paid coverage. You can enroll in buy-up LTD coverage at any time. However, you must provide evidence of insurability if you enroll outside of the 31-day new hire/newly eligible grace period.