Moosilauke Visions provides you with a base long-term disability plan (LTD) as well as the option to enroll in a voluntary short-term disability (STD) and buy-up LTD plan. These plans through Sun Life can provide you with financial assistance in case you become disabled or unable to work.
Short-term disability (STD) plan
100% Employee Paid
STD benefits are designed to replace a portion of your income for a non-work-related short-term injury or illness. STD benefits are paid at 60% of your eligible weekly base pay, up to $1,150 weekly, during the first 26 weeks of injury or illness.
| Benefit Description | Sun Life |
|---|---|
| Benefit Amount | 60% of your weekly earnings |
| Maximum Weekly Benefits | Up to $1,150 |
| Waiting Period | 0 days for Accident 7 days for Illness |
| Benefit Duration | 26 weeks |
Contact Information:
800.247.6875
mysunlifebenefits.com
Group Number: 940453
Short-Term Disability Plan Rates
| Age Band | Monthly Rate per $10 |
|---|---|
| Under Age 25 | $0.571 |
| 25 - 29 | $0.571 |
| 30 - 34 | $0.571 |
| 35 - 39 | $0.571 |
| 40 - 44 | $0.501 |
| 45 - 49 | $0.501 |
| 50 - 54 | $0.641 |
| 55 - 59 | $0.641 |
| 60+ | $0.897 |
Long-term disability (LTD) base and buy-up plans
This benefit offers financial protection to you when you need it most — if you become disabled and can no longer work. The plan will also help you return to work, if appropriate.
Moosilauke Visions provides eligible employees with a base LTD plan at no cost. If you become totally disabled, you will receive 50% of your monthly salary, up to $3,000 monthly, after you have satisfied the 180-day waiting period for benefits. Your benefit amount may be offset by other benefits you are receiving, such as Social Security or workers’ compensation. Your monthly benefits are subject to federal income tax and may be subject to state and local taxes.
Employees have the option to buy up for an additional 10% benefit. You would receive 60% of your monthly salary, up to $5,000 monthly, if you become totally disabled.
| Benefit Description LTD | LTD (Employer paid) | Voluntary Buy-up LTD (Employee paid) |
|---|---|---|
| Benefit Amount | 50% of your monthly earnings | 60% of your monthly earnings |
| Maximum Monthly Benefits | Up to $3,000 | Up to $5,000 |
| Waiting Period | 180 days | 180 days |
| Maximum Benefit Duration | 5 Years Graded | 5 Years Graded |
Long-Term Disability Plan Rates
Base Long-Term Disability, No cost – Paid for by Moosilauke Visions and Affiliates Voluntary, Buy-up LTD
| Age Band | Monthly Rate per $100 Covered Salary |
|---|---|
| Under Age 25 | $0.044 |
| 25 - 29 | $0.05 |
| 30 - 34 | $0.068 |
| 35 - 39 | $0.10 |
| 40 - 44 | $0.143 |
| 45 - 49 | $0.169 |
| 50 - 54 | $0.218 |
| 55 - 59 | $0.296 |
| 60 - 64 | $0.26 |
| 65+ | $0.248 |
5 Years Graded Means:
| Age at Disability | Maximum Benefit Duration |
|---|---|
| Less than age 61 | 60 months |
| 61 | 48 months |
| 62 | 42 months |
| 63 | 36 months |
| 64 | 30 months |
| 65 | 24 months |
| 66 | 21 months |
| 67 | 18 months |
| 68 | 15 months |
| 69 and over | 12 months |