- What does the Disability Income Protection Plan cover?
The GEBA Long Term Disability Insurance plan can replace a percentage of the income of an active employee who suffers a total disability.The waiting period (30-day, 60-day, 90-day, 180-day or 365-day) you select occurs before benefits are payable.
- What is total disability or totally disabled?
- An illness or injury which, during the waiting period and the following 24 months, wholly and continuously prevents you from performing the essential duties of your occupation; and
- after that, wholly and continuously prevents you from engaging in any occupation for which you are reasonably qualified by reason of education, training, or experience.
- What is a waiting period?
A waiting period is how long you must wait from the time you become totally disabled until your benefits begin. Your waiting period is determined by your choice of 30, 60, 90, 180 or 365 days.
- What is the process in applying for this plan?
You will need to complete an application, including some medical questions. The application is subject to medical underwriting and approval by the carrier.
- For New Hires who apply within 60 days of hire, an abbreviated application can be used for a guaranteed issue of $1,600 monthly benefit for you, and a $1,000 monthly benefit for your spouse/domestic partner, and either a 60 or 90-day waiting period.
- For general enrollment, the underwriting process can take from 4 to 8 weeks, depending upon whether the insurance company requests medical records or if medical testing is required. The insurance company pays for any medical records it requests and any medical testing required. Your effective date would always be the first of the month, or the first of the next pay period if paying premiums via payroll allotment, following approval by New York Life.
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