Highlights from the town hall meeting on The Standard Voluntary Disability Insurance
Hello everyone,
So yesterday was the town hall meeting for anyone interested in knowing more about The Standard, and how it works. So here are the highlights and some common scenarios.
Newly enrolled:
Scenario 1: A certificated staff person signs up on November 15. They were in an accident on December 15. You are covered by The Standard.
You are covered because you are in the next month after you sign up AND you have worked 10 consecutive days in the following month.
The policy would pay you $25 a day on top of your sick time. Additionally, if you are in the hospital you will receive $35 per day. If you are seriously injured and you use up all your sick time (max 100 days), then The Standard would pay you up to 80% of your daily rate.
Scenario 2: A certificated staff person signs up on November 15. You have a planned surgery on December 5. The individual is NOT covered. This is because the individual has not worked 10 consecutive days in the following month AND it was a planned event (a planned event is also a birth of a child). You are not covered until the 11th day of the policy in the next month after you sign up.
You already have The Standard:
Scenario 1: A planned event such as surgery or a planned date of maternity leave.
You must wait 7 days to have any benefits start, but if you have sick days, then you can use them while you wait for The Standards 7 day requirement to pass. If you don’t have sick days, then you are on differential pay [district pays you the difference between your salary and the cost of the sub] those seven days or a combination of the two. Once the seven days have passed, you use your sick days (up to 100 days max.) while The Standard pays $25/day. After sick leave is exhausted, then The Standard pays up to 80% of your daily rate.. If you are in the hospital, then you receive an additional $35 a day for a total of $60 per day. Once the sick days are used, you will receive up to 80% of your daily rate.
Scenario 2:
Non-planned event (ex. Car accident, heart attack, unexpectedly going into labor)
This is called Day 1 coverage. There is no wait time. All the benefits will kick in immediately.
Remember, you must use your sick day up (to 100 days) to enact the 80% of your salary. In many cases, there is no sick time when you return. This is different from a “planned event” where you must have the wait time of 7 days.
Additional Notes:
If you have a planned event, then there are some incentives to waiting until summer. For example if you need knee surgery, there is an incentive of more benefits: $500 a week up to $4500 per month during the summer. No sick time is taken because you are on summer break. The 80% of salary wouldn’t kick in until school starts. There is no new 7 day wait because this would be a continuous claim and your new sick days would not be affected as well. Those days would be there when you return or a portion of them. Plus, during the summer, an active student loan may be eligible for an additional benefit of up to $400 a month (for a maximum of $2,400, not to exceed the balance of the student loan).
If you unfortunately have cancer as your reason to make a claim, then there is additional money given to you as well, an additional benefit of up to $400 a month (for a maximum of $2,400).
If you are pregnant, there is a tool kit available for those who are members, please contact me Jeannette Sansenbach .
Lastly, here is the rate chart and link to our flier: https://sites.standard.com/cta/folsomcordova
This will probably be the last Open Enrollment for awhile, 2 - 3 years, so please sign up now!
Have additional questions? The last town hall meeting is scheduled for December 5th from 4 - 5ish. Look for the google meets link on our Facebook page and in FCEA News.
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