Eligibility: All full-time employees.
Contribution: You pay the cost of your coverage.
Coverage amount: Available in increments of $25,000, not to exceed the lesser of five times annual earnings or $1,000,000.
Family coverage:
- Spouse coverage without children: 50% of your coverage to a maximum of $500,000.
- Spouse coverage with children: 40% of your coverage to a maximum of $50,000.
- Child(ren) coverage without spouse: 10% of your coverage to a maximum of $500,000.
- Child(ren) coverage with spouse: 5% of your coverage to a maximum of $50,000.
Benefit reductions:
- Employee: Reduces to 65% at age 70, to 50% at age 75, and 25% at age 80.
- Spouse: Reduces to 65% at age 70, to 50% at age 75, and 25% at age 80.
AD&D Rate Information
| Coverage | Monthly rate |
|---|---|
| Employee | $0.040 per $1,000 in covered benefit |
| Family | $0.060 per $1,000 in covered benefit |
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