Long Term Disability
Long Term DisabilityWhat is Long Term Disability Insurance?
Long term disability insurance replaces a portion of the income you lose if you are unable to work because of an injury or illness.
Bankers Life & Casualty Company
Bankers Life & Casualty CompanyBankers Life & Casualty Company
Who Pays?
You
When You Are Eligible
The first day of the following month after date of employment.
What You Receive
The College offers PHSC employees the opportunity to purchase from Bankers Life & Casualty Company a Long term care insurance (LTC) that provides coverage to help protect a participant and his/her family from the high cost of prolonged health care. A 20% discount is offered for couples when an employee signs up for a LTC policy, his/her family members, e.g. spouse, children 18 years and older, and parents, are eligible to purchase a LTC policy. Domestic partners are also allowed to purchase this coverage. The policy is portable. This premium cannot be pre-taxed.
One America Life Insurance Company
One America Life Insurance CompanyOne America Life Insurance Company
Who Pays?
You
When You Are Eligible
The first day of the following month after date of employment.
What You Receive
The College offers PHSC employees the opportunity to purchase from One America Life Insurance Company short term or long term disability insurance. Premiums are deducted from the employee’s paycheck. The STD plan provides 50% of your income for either 11 or 24 weeks after a 15-day elimination period. The LTD provides income protection after the employee has been disabled for 90 days or 180 days depending on the plan you select. You may elect benefits that pay a maximum duration of either five years or to Social Security Normal Retirement Age. This premium cannot be pre-taxed.