You are automatically enrolled in long term disability (LTD) insurance. New York Life Group Benefit Solutions (NYL GBS) administers the plan.
How it Works
Long term disability insurance provides continuing income if you cannot work due to a prolonged illness or injury. Under the plan, disability means that, due to a covered injury or illness, you are unable to perform your regular occupation and you are unable to earn 80% or more of your earnings from working in your regular occupation. Any benefits you receive are subject to federal and state income taxes.
Stimson pays the full cost of your coverage.
You are eligible if you are an active, full-time hourly or salaried employee who regularly works at least 30 hours per week. Coverage begins on the first of the month following your date of hire.
Here’s a quick look at the LTD plan. For details, review the Long Term Disability Plan Policy for salaried employees or the Long Term Disability Plan Policy for hourly employees.
Time period between injury and receipt of benefits.
|Benefits begin after you have been disabled for 180 days|
|Benefit Amount||Replaces up to 60% of your annual compensation, up to $10,000 per month|
|Benefit Duration||If you become disabled prior to age 62, benefits continue until the end of the benefit period shown below, or until you no longer qualify for benefits, whichever occurs first. Should you remain disabled, your benefits continue according to the later of your Social Security normal retirement age as:
Duration of Payments
62 or Younger: To age 65 or the date the 42nd monthly benefit is payable, if later
Benefits are not payable if your disability is a pre-existing condition. A pre-existing condition is any injury or illness for which you incurred medical expenses or received medical treatment for three months prior to your effective date of insurance.
File a Claim
To file a disability claim, complete the form on the NYL GBS website (be sure to print your confirmation page) or call New York Life Group Benefit Solutions at 888-842-4462, 7 a.m. – 7 p.m. CST, and a representative will walk you through the process. Or, print and complete the LTD Claim Form and fax or mail it to:
- Fax: 800-642-8553
- Mail: New York Life Group Benefits Solutions
Paper Intake Team
P.O. Box 709015
Dallas, TX 75370-9015
For more information about filing a claim, review How to file your disability and leave claim.
The time period between an injury and the receipt of benefit payments.
Your annual wage or salary as reported by Stimson for work performed for Stimson on the date the covered loss occurs; it does not include bonuses, commissions, overtime pay or other extra compensation.