Common use of Long-term Disability Coverage Clause in Contracts

Long-term Disability Coverage. New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section E 3. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an ASF Member may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the ASF Member's salary, commencing on the one hundred eighty first (181st) calendar day of total disability, and not subject to evidence of insurability but with a limited preexisting condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e. Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the ASF Member becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

Long-term Disability Coverage. New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section E 3E3. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an ASF Member may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven five thousand dollars ($7,0005,000) per month, based on the ASF Member's salary, commencing on the one hundred eighty first (181st) 181st calendar day of total disability, and not subject to evidence of insurability but with a limited preexisting pre- existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e. Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the ASF Member becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.