SLIDE 3 Schuylkill Intermediate Unit
EXAMPLE: Individual Age 50 with $50,000 Salary
Worksite Disability Long Term Insurance Coverage for Eligible Employees Bi-Weekly Payroll Deduction Illustration
About your benefit options:
- Amounts not requested timely will require Evidence of Insurability.
- Maximum benefit amounts are based upon a percentage of covered earnings. Potential benefits are
reduced by other income offsets including but not limited to Social Security Benefits.
- Maximum benefit periods that are based on Social Security Full Retirement Age (SSFRA), are payable
under the contract based on your age at time of disability and may vary in duration.
Elimination Period Maximum Benefit Duration Pre-Existing Condition Period Worksite LTD Option 1: 180 days/180 days 5 years/SSFRA 3/12 Your benefit is based on 60% of your Basic monthly earnings only, up to a maximum monthly benefit of $6,000. Your Estimated Bi-Weekly Premiums: Maximum Monthly Benefit Deduction Amount $2,500 $4.91 Worksite LTD Option 2: Elimination Period Maximum Benefit Duration Pre-Existing Condition Period 180 days/180 days SSFRA 3/12 Your benefit is based on 60% of your Basic monthly earnings only, up to a maximum monthly benefit of $6,000. Your Estimated Bi-Weekly Premiums: Maximum Monthly Benefit Deduction Amount $2,500 $8.23 *Above estimates are based on a covered monthly earnings of $4,167.00 at age 50.
