VEHI/Unum Long-Term Disability
Effective Date:
July 2, 2002
Eligible Groups:
Same as VEHI Health and Dental Programs.
Minimum Hourly Requirements:
17.5 hours
Minimum Unit Size:
Ten employees or greater. (A district may purchase through its SU)
Who Pays for Coverage:
The program is non-contributory for employees.
Participation Level:
100% of eligible employees required.
Elimination Period:
90 continuous days of disability (calendar days).
Monthly Benefits:
The two most popular plans include: Plan A, 60% of monthly income; or Plan B, 66.67% of monthly income (decision made at the district level). Some districts may choose a different benefit structure.
Maximum Monthly Benefit:
$10,000. Payments may be reduced due to other sources of income.
Mental and Nervous Disorders:
24 month standard. Extended if hospitalized. Unlimited rider available.
Waiver of Premium:
Yes, once benefit begins for duration of covered disability.
Definition of Disability:
2-year "own-occupation," then "any gainful occupation."
Rate Setting:
Groups under 249 will be pooled. Groups of 250 or more will be experience rated
Rate Guarantee:
Rates will remain unchanged from July 1, 2002 to June 30, 2005.
Life Insurance Available:
Yes, if LTD is also purchased.
