Disability
Anthem/Greater Georgia Life is now Standard Insurance Company.
Disability coverage provides an income replacement benefit in the event you are unable to work due to an illness or accident and become disabled. Up to 1 in 4 (27%) of adults in the U.S. have some type of disability.
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 earnings and the benefit duration is 13 weeks.
Long-Term Disability (LTD) pays you an income benefit every month up to age 65 as long as you remain disabled. The benefit amount for LTD coverage is also 60% of your earnings.
Should you choose not to elect LTD coverage as a new hire, underwriting approval and an Evidence of Insurability (EOI) form will be required for future elections. Team members should select Voluntary Long Term Disability when completing the EOI Form. There is no EOI requirement for future election of Short Term Disability.
Pre-Existing Conditions
Pre-Existing Condition Exclusion
The Short Term Disability plan pays a limited benefit for disabilities caused by pre-existing conditions. A pre-existing condition is an injury or illness for which you had testing or treatment during the 12 months prior to the date on which you became insured under the policy. This exclusion does not apply if your disability begins after you’ve been insured under the policy for at least 12 months.
The Long Term Disability plan pays a limited benefit for disabilities caused by pre-existing conditions. A pre-existing condition is an injury or illness for which you had testing or treatment during the 12 months prior to the date on which you became insured under the policy. This exclusion does not apply if your disability begins after you’ve been insured under the policy for at least 24 months.
| Short-Term Disability | Summary of Benefits |
|---|---|
| Benefit Amount | 60% of weekly earnings |
| Maximum Weekly Benefit | $500 (tax-free) |
| Maximum Benefit Period | 13 weeks |
| Benefits Begin |
1st day due to injury
8th day due to illness |
| Long-Term Disability | Summary of Benefits |
|---|---|
| Benefit Amount | 60% of monthly earnings |
| Maximum Weekly Benefit | $5,000 (tax-free) |
| Maximum Benefit Period |
To age 65 or Social Security
Normal Retirement Age |
| Benefits Begin | 91st day of disability |
Employment Termination of Coverage
Disability coverage ends on your date of employment termination.
