Basic and Voluntary Life & Disability
BASIC LIFE AND AD&D INSURANCE
​
Life and accidental death and dismemberment (AD&D) insurance provides financial protection for those who depend on you for financial support. Upon your death, your designated beneficiary will receive the life benefit. If you die as the result of an accident, your beneficiary will receive both the life and AD&D benefits.
​​
​
BASIC LIFE AND AD&D INSURANCE
Elite Therapy Solutions provides you with basic life and AD&D insurance at no cost to you.
​
•Employee life insurance benefit: $10,000
•Employee AD&D insurance benefit: $10,000
​
Depending on your personal situation, basic life and AD&D insurance might not be enough coverage for your needs. Elite Therapy Solutions provides you the option to purchase voluntary life and AD&D insurance at group rates through UNUM. You may also purchase voluntary coverage for your spouse and eligible children.
VOLUNTARY LIFE AND AD&D INSURANCE
​
Voluntary Life and accidental death and dismemberment (AD&D) insurance provides financial protection for those who depend on you for financial support. Upon your death, your designated beneficiary will receive the life benefit. If you die as the result of an accident, your beneficiary will receive both the life and AD&D benefits.
​
VOLUNTARY LIFE AND AD&D INSURANCE
​
Employees who work 30 or more hours/week can be eligible for
Voluntary life and AD&D insurance.
​
•Employee life insurance benefit: $500,000*
•Employee AD&D insurance benefit: $500,000*​​
​
*Age-reduction rules apply. See plan details.
DESIGNATE A BENEFICIARY
In the event of your death, UNUM would pay your Voluntary Life and/or AD&D policy to your beneficiaries. Designate your beneficiary for your Voluntary Life and AD&D insurance, as well as any additional life insurance. You may change this designation at any time. You are automatically the beneficiary on your Spouse and/or Child Life policy.
​
EVIDENCE OF INSURABILITY
If you purchase Voluntary Life and AD&D insurance for yourself or your spouse and/or children when you are first eligible to enroll, you may purchase up to the guarantee issue amounts without completing a statement of health (Evidence of Insurability). If you do not enroll when first eligible, and choose to enroll during a future open enrollment period, you will be required to submit Evidence of Insurability for any amount of coverage. Coverage will not take effect until approved by UNUM.
DISABILITY INSURANCE​
​
Elite Therapy Solutions offers you the opportunity to purchase short-term disability insurance through UNUM. The amount you pay for these plans is deducted from your paycheck on a post tax basis. This ensures that any benefit payments you receive are not taxed.
​
SHORT-TERM DISABILITY INSURANCE
​
Short-term disability (STD) insurance allows you to continue earning a portion of your salary if you are unable to work due to an illness or injury.
​
-
Elimination period: 14 days (benefits begin on day 15)
-
Benefit continues for up to: 11 weeks
-
Benefit amount: 60% of your weekly income up to a maximum benefit of $1.100 per week. The weekly benefit may be reduced or offset by other sources of income.
LONG-TERM DISABILITY INSURANCE
​
If you are not able to return to work after the short-term disability benefit period ends, you may be eligible for long-term disability, which provides additional salary continuation.
​
•Elimination period: 90 days (benefits
begin on day 91)
•Benefit continues up to social security
normal retirement age
•Benefit amount: 60% of salary up to a maximum of $6,000 per month
Rates will be included within your ADP Portal at the time of enrollment
