Nemours offers LTD insurance to associates through NY Life. Contributions are taken on a post-tax basis.
LTD insurance offers income protection for disabilities caused by illness, accident or injury. All benefits are subject to carrier approval. There are two plans offered to all. Note that Plan 3 is available only to associates earning more than $70,000 annually.
All LTD plans include a pre-existing condition limitation. Newly elected plans or plan changes will be subject to a pre-existing condition limitation.
| Provisions | LTD Plan 1 | LTD Plan 2 | LTD Plan 3 |
|---|---|---|---|
| Eligibility | All Benefits-Eligible Associates | All Benefits-Eligible Associates | Associates earning over $70,000 annually |
| Elimination Period | 90 Days | ||
| Benefit Duration | Up to Social Security Normal Retirement Age. If you become disabled after this age, there is a reduced benefit. | ||
| Benefit Percentage | 50% | 60% | 60% |
| Monthly Maximum | $10,000 | $12,000 | $12,000 |
| Own Occupation Duration | 24 Months Own Occupation | 24 Months Own Occupation | Own Occupation to Social Security Normal Retirement Age |