Disability
Disability coverage provides an income replacement benefit in the event you are unable to work due to an illness or accident and become disabled. Ecker Textiles pays 51% of your Short Term Disability premium and 100% of your Long Term Disability premium.
Short-Term Disability (STD) provides a benefit to replace a portion of your income for a short period of time. The benefit amount is 60% of your base monthly earnings, up to a maximum of $1,000 per week, for up to 12 weeks.
Long-Term Disability (LTD) pays you an income benefit every month up to your Normal Social Security Retirement Age or the set period stated in the plan summary. The benefit amount for LTD coverage is 50% of your pre-disability earnings, up to a maximum of $7,000 per month.
Pre-Existing Conditions
Pre-Existing Condition Exclusion:
A pre-existing condition is any illness or injury for which you received medical treatment or took prescribed medication in the 3 months before your insurance coverage or any increase in coverage begins. Benefits, including any increased amounts, will not be paid for a disability caused by a pre-existing condition unless you have been actively at work for at least 12 consecutive months after the coverage or increase takes effect.
| Short-Term Disability | Summary of Benefits |
|---|---|
| Benefit Amount | 60% of weekly earnings |
| Maximum Weekly Benefit | $1,000 |
| Maximum Benefit Period | 12 weeks |
| Benefits Begin | 8th day due to illness or accident |
| Long-Term Disability | Summary of Benefits |
|---|---|
| Benefit Amount | 50% of Pre-disability earnings |
| Maximum Monthly Benefit | $7,000 |
| Maximum Benefit Period | To Social Security Normal Retirement Age |
| Benefits Begin |
91st day of disability or until the end of the STD Maximum Benefit Period |
Employment Termination of Coverage
Disability coverage ends on your date of employment termination.
