Disability Benefits
Everon offers disability coverage to protect you financially if you cannot work because of injury or illness.
DISABILITY BENEFITS
Short-Term Disability (STD)
| Feature | Detail |
|---|---|
| Carrier | Matrix |
| Paid by | Matrix |
| Income replacement | 60% |
| Elimination period | 7 days |
| Maximum benefit period | 180 days |
Carrier
- Detail
- Matrix
Paid by
- Detail
- Matrix
Income replacement
- Detail
- 60%
Elimination period
- Detail
- 7 days
Maximum benefit period
- Detail
- 180 days
STD Notes
- Short Term Disability (STD) benefits are provided by Everon at no cost to you. This insurance replaces 60% of your income if you become partially or totally disabled for a short time.
- Certain exclusions, along with pre-existing condition limitations, may apply.
Long-Term Disability (LTD)
| Feature | Detail |
|---|---|
| Paid by | Employee |
| Income replacement | 50% or 60% |
| Maximum benefit | $15,000 |
| Elimination period | 180 |
| Maximum benefit period | Payments will last for as long as you are disabled or until you reach your Social Security Normal Retirement Age, whichever is sooner. |
Paid by
- Detail
- Employee
Income replacement
- Detail
- 50% or 60%
Maximum benefit
- Detail
- $15,000
Elimination period
- Detail
- 180
Maximum benefit period
- Detail
- Payments will last for as long as you are disabled or until you reach your Social Security Normal Retirement Age, whichever is sooner.
LTD Notes
- Long Term Disability (LTD) benefits are available for purchase on a voluntary basis. This insurance replaces 50% or 60% of your income if you become partially or totally disabled for an extended time.
- Certain exclusions, along with pre-existing condition limitations, may apply.
Voluntary Disability Insurance
| COMPOSITE RATE | |
|---|---|
| Voluntary Long Term Disability | $0.08 per $10 of Weekly Benefit |
Voluntary Long Term Disability
- COMPOSITE RATE
- $0.08 per $10 of Weekly Benefit