The group Long Term Disability Plan (LTD) will provide eligible employees some income replacement in the event they are unable to work due to a long term disability.
Long Term Disability – Group Sponsored Plan:
Eligibility/Benefit: Professional Service employees (working a minimum of 30 hours per week) with three or more years of service. Benefit provides 60% of your salary up to a maximum benefit of $3,000 per month.
*Benefits become available after the 91st day of a disability.
The group plan is a company sponsored plan therefore the company covers 100% of the premium. All benefits received through the group sponsored plan are subject to income taxes.
Long Term Disability Plan - Voluntary Plan: KES, Inc’s voluntary LTD program will allow employees to carry their own supplemental LTD plan at a group discounted rate. Interested employees will individually fill out an application and go through an underwriting process. Employees are responsible for 100% of the premium which will be set up as an after tax deduction taken from your paycheck.
Since the benefit is an after tax deduction all benefits received from the plan will not be taxable income. Voluntary plans have more flexibility therefore can be customized to meet each employee’s specific needs and are completely portable. Rates will vary depending on the structure of your plan.
If you are interested in signing up for this plan please follow the link shown below for the interest form and fax it back to (858) 292-0972 Attn: Erica or Doreen.
Voluntary Long Term Disability Interest Form click on this link: North Western LTD Interest Form