LIFE AND LONG-TERM DISABILITY
Get the details on our basic and buy-up coverage options for life and accident insurance and long-term disability. These benefits will help make sure you and your family are prepared for the unexpected.
Life & Accident Insurance
| Basic Coverage | Buy-up Coverage Evidence of Insurability required1 | |
|---|---|---|
| Who's Eligible | Associates working 15+ hours per week | Full-time associates working 30+ hours per week |
| Coverage | 1x your annual salary2 Maximum benefit: $750,000 | Up to 2x your annual salary2 Maximum benefit: $750,000 |
| Who Pays for Coverage | Blue Cross | Blue Cross pays for coverage up to 1x your annual salary. You pay the remaining amount. |
Long-Term Disability (LTD)
| Basic Coverage | Buy-up Coverage | |
|---|---|---|
| Who's Eligible | Associates regularly scheduled to work at least 30 hours per week and who have completed 90 days of employment | Associates regularly scheduled to work at least 30 hours per week and who have completed 90 days of employment |
| Coverage | Replaces 60% of your monthly salary2 Monthly maximum: $12,500 | Replaces 66 2/3% of your monthly salary2 Monthly maximum: $12,500 |
| Who Pays for Coverage | Blue Cross | You pay for additional coverage to replace 66 2/3% of your monthly salary2 (i.e., you pay for the additional 6 2/3% coverage cost) |
| Maximum Benefit Period | Begins after you've been absent from work due to disability for 180 days (including the 1-week elimination period and the 25-week STD period) Benefits continue for the duration of your disability or until age 65, whichever is sooner (possibly later if you become disabled after age 63) | Begins after you've been absent from work due to disability for 180 days (including the 1-week elimination period and the 25-week STD period) Benefits continue for the duration of your disability or until age 65, whichever is sooner (possibly later if you become disabled after age 63) |
1. The buy-up life insurance option requires completion of Evidence of Insurability (EOI) and approval from the life insurance carrier, USAble. The USAble EOI form can be found on Workday®'.
2. Salary = Benefits Base Rate, your annual base salary plus annual targeted sales bonus (where applicable).