The new voluntary short-term disability plan is especially beneficial to employees with low current sick/vacation leave balances. Do you know your balance? Did you know that should you become ill or injured and unable to work, that the University-provided Long-term disability (LTD) plan has a 26-week elimination period? That means, you would need to be off work for at least … [Read more...] about Protect your income with short-term disability.
I have sick time; do I need a short-term disability policy? Everyone’s financial needs vary, so the answer is possibly. Many people will experience a need for a medically necessary leave of absence. Short-term disability (STD) coverage is offered to bridge the gap for individuals that do not have sick time accumulated or do not have enough time accumulated to ensure their … [Read more...] about Understanding Short Term Disability
What is Open Enrollment? Open enrollment is the annual period during which you can elect/decline/or make changes to your medical, dental, vision, and cafeteria/flexible spending plans for the upcoming calendar year. Flexible spending elections must be elected annually. Additionally, voluntary benefit carriers may provide guarantee issue during this period as well (determined … [Read more...] about Open enrollment and Virtual employee benefit fair November 1 – December 1.
Special enrollment opportunities. New Short Term Disability benefit and New Life insurance carrier. Short Term Disability: MSU is excited to offer a new voluntary benefit. We are pleased to announce Hartford has been selected to offer short term disability coverage. Short-term disability is designed to protect income when an employee cannot work because of an off-the-job … [Read more...] about Benefit changes that benefit you!