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
California employees are covered for short-term disability (STD) benefits under the state statutory disability plan.
LONG-TERM DISABILITY INSURANCE
SAFEbuilt automatically provides long-term disability (LTD) insurance through Anthem 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: 50% of basic monthly earnings up to $2,500 per month
- Elimination period: 90 days
- Benefit duration: Social security normal retirement age
VOLUNTARY LONG-TERM DISABILITY BUY-UP INSURANCE
You may purchase voluntary long-term disability (LTD) coverage. Voluntary coverage provides 60% of your basic monthly earnings, up to $10,000 per month after 90 days of disability.
If you do not elect voluntary coverage when you are first eligible to enroll, and choose to enroll at a later date (not limited to open enrollment), you will be required to submit evidence of insurability (EOI). Coverage will not take effect until approved by Anthem.
VOLUNTARY LONG-TERM DISABILITY BUY-UP INSURANCE COSTS
Listed below are the monthly costs for voluntary LTD insurance. The amount you pay for coverage is deducted from your paycheck on a post-tax, bimonthly basis.
