IN THIS SECTION:
Products: Voluntary Group STD (VSTD)
The VSTD product provides employees with the choice of insurance coverage that best meets their needs. The product offers a variety of plan options, and provides a monthly benefit to eligible employees due to a covered injury or sickness. The employee pays the entire cost of the plan.
Key VSTD Product Features
| Eligible Class Descriptions | Between 20 hours and 40 hours |
| Benefit Percentages | Between 40% and 60% of pre-disability earnings |
| Maximum Payment Amount | Up to $2,500 per week; flat benefits are also available |
| Minimum Payment Amount | Between $25 and $75 per week |
| Maximum Benefit Periods | Between nine and 52 weeks |
| Elimination Periods for Accidental Injuries | Between zero and 60 days |
| Elimination Periods for Sickness or Pregnancy | Between seven and 60 days |
| Non-occupational and 24-hour Coverage | Coverage available |
| First Day Hospital Confinement Benefit | Options available |
| Tax Services | FederalFICA payment and W-2 tax form preparation and filing servcie available |
| Definition of Disability | Own job / Reasonable Employment Option with choice of total, partial, or residual disability included |
| Exclusions and Limitations | Included with a pre-existing condition exclusion |