Life & Disability Benefits
LIFE AND AD&D INSURANCE
MRDA provides basic life and AD&D insurance through Mutual of Omaha to all benefits-eligible employees at no cost.
If you die as a result of an accident, your beneficiary would receive both the life benefit and the AD&D benefit through Mutual of Omaha. Benefits will reduce to 67% at age 65. Please be sure to keep your beneficiary designations up to date.
- Employee life benefit: 1.5x annual salary up to a maximum of $250,000
- Employee AD&D benefit: 1.5x annual earnings up to a maximum of $250,000
- Portability/Conversion: You can port or convert this coverage upon termination of active employment
DISABILITY INSURANCE
Disability insurance is designed to help you meet your financial needs if you become unable to work due to an illness or injury.
SHORT-TERM DISABILITY INSURANCE
MRDA automatically provides short-term disability (STD) insurance through Mutual of Omaha to all benefits-eligible employees at no cost. In the event you become disabled from a non-work- related injury or sickness, disability income benefits are provided as a source of income. You are not eligible to receive STD benefits if you are receiving workers’ compensation benefits.
- Benefit: 60% of weekly earnings up to $1,500 per week*
- Elimination period: 14 days
- Benefit duration: Up to 11 weeks
*Offset with Washington Paid Family and Medical Leave benefits.
LONG-TERM DISABILITY INSURANCE
MRDA automatically provides long-term disability (LTD) insurance through Mutual of Omaha to all benefits-eligible employees at no cost. LTD insurance is designed to help you meet your financial needs if your disability extends beyond the STD period.
- Benefit: 60% of monthly earnings up to $7,000 per month
- Elimination period: 90 days
- Benefit duration: Up to your Social Security Normal Retirement Age (SSNRA)