Could you pay your bills if an illness or injury prevented you from working? Disability benefits can help.
Disability benefits are administered by MetLife.
Short-Term Disability (STD)
STD benefits replace a portion of your income if you’re unable to work due to pregnancy, illness, or non-work-related injury. Brenntag automatically provides you with STD coverage, following a one-week, unpaid elimination period, equal to 80% of your base pay for 4 weeks and 60% for the next 22 weeks, to a maximum weekly benefit of $2,000.
Long-Term Disability (LTD)
Brenntag automatically provides you with LTD coverage, equal to 50% of your base pay at the time you were disabled, to a maximum monthly benefit of $10,000. LTD benefits pick up where your STD benefits end—providing you with a portion of your income. You have the option to purchase LTD buy-up coverage.
Things to Consider
When deciding whether to enroll in voluntary disability coverage, be sure to consider the following:
Cost per Paycheck
The cost of disability coverage is based on the level of coverage you elect. You’ll be able to see the cost per paycheck when you enroll.
Other Income Sources
If you were unable to work, would other sources of income be available to you, such as sick pay, salary continuance, a short-term state disability plan, or Social Security? If so, consider whether you would have enough money to pay your ongoing expenses for a period of time.
Taxes
Disability benefits may be taxable as ordinary income. That means federal and state income taxes will be deducted from disability benefit checks. When choosing a disability coverage level, be aware that taxes may affect the dollar amount of your benefit.