Employer-Paid Short-Term Disability Insurance
Momentive Software provides all full-time employees with short-term disability insurance through Lincoln Financial. On the 8th consecutive day of a qualified disability, Lincoln will provide benefits equal to 60% of your pre-disability salary, not to exceed $1,500 per week, with benefits lasting for up to 13 weeks. This benefit is provided at no cost to you!
Note that disability benefits coordinate and offset with all applicable state mandated disability pay programs.
Voluntary Long-Term Disability Insurance
Employees may also purchase long-term disability insurance through Lincoln Financial. If elected, long-term disability benefits begin after short-term disability benefits have been exhausted – 90 days after a qualified disability.
Long-Term Disability coverage is Guaranteed Issue during this initial enrollment. If coverage is waived during this initial enrollment and you wish to enroll at a later time, medical underwriting will be required, and coverage may be denied.
Employees may choose between two LTD options. Both options have the same 90-day waiting period, but the Option 2 plan provides benefits equal to 60% of pre-disability wages, while the Option 1 Plan benefits are 50% of pre-disability wages. Both options have a maximum benefit of $10,000/month. Benefits can last up to age 65 if one remains disabled as defined in the policy. Note that long-term disability benefits will be offset against other sources of income.
Please use the calculator below to calculate your bi-weekly LTD premiums based on your age and income.
Parental Leave Policy
Community Brands offers parental leave to full-time regular employees who have been employed by the Company for at least one year and who meet other eligibility requirements.
To learn more about the Community Brands Parental Leave Program, please click the appropriate link in the “Leave Resources” section to the right.
Disability Insurance / Leave Resources
