Who is Eligible and When
Active associates working a minimum of 30 hours per week are all eligible for coverage. The coverage is effective the first of the month following date of hire.
Benefits Participants Receive
| Short-Term Disability | Long-Term Disability | |
|---|---|---|
| Benefits Begin | 7 days after disability | 90 days after disability |
| Benefits Duration | 12 weeks | Retirement |
| Percent of Income Replaced | 80% | 60% |
| Maximum Benefit | N/A | $10,000 monthly |
| Pre-Existing Condition Exclusion | N/A | 3 prior / 12 after |
| Monthly Premium Calculation | Company Paid Benefit | Company Paid Benefit |
| Taxability of Benefit | Taxable upon payment | Non-taxable upon payment |
Pre-existing Condition Exclusion
Long Term Disability would not be paid in the event of a pre-existing condition. Pre-existing conditions exist when:
- Participant received medical treatment, consultation, care or services including diagnostic measures, or took prescribed drugs or medicines in the 3 months just prior to the effective date of coverage; and
- The disability begins in 12 months (see above) after effective date of coverage.
Refer to the detailed plan document for more information on coverage and pre-existing conditions.
Complete information on life and AD&D benefits can be found in the Mariner Wealth Advisors, LLC Health Care Plan Summary Plan Description and SPD Supplement on the Annual Notices Page.
Resources
Frequently Asked Questions
I am getting married, can I add Disability coverage for my new spouse?
Spouses are not eligible for Disability coverage through the Mariner plan.
Do I need to designate a beneficiary?
A beneficiary is not necessary for Disability Insurance.
With the benefit beginning 7 days after the disability occurred, how are the first 5 business days of disability treated?
The 5 business days of the waiting period must be populated with unused PTO.
Is my Domestic Partner Eligible for Disability Insurance Coverage?
Our Disability plan does not allow enrollment for anyone except for the Associate.
I am leaving the plan, when does my coverage end?
Coverage will end the last day you are an active participant on our plan.