Disability Insurance


What would happen to you and your family if you were disabled in an accident or with a serious, long-term illness? Many people today simply are not financially prepared for such an occurrence. That is why we offer the option of Long Term Disability insurance. This program allows participants to be paid a percentage of their salary if they become disabled and unable to work. Who is eligible? All regular full-time and regular part-time employees are eligible. Application to participate must be submitted within the first thirty days from the date of hire to be automatically enrolled. Otherwise, you may have to submit, at your expense, evidence of insurability to the insurance company and receive their approval. Coverage goes into effect the first of the month following one month of employment. How much does it pay? TAC’s Long Term Disability coverage provides participants with 60% of their salary in the event they are disabled from their job for at least 90 days. Benefits begin after 90 days and are not retroactive to the date of disability. As a supplement to this coverage, our plan also includes a Salary Continuation Program. The Salary Continuation Program pays 75% of salary for the first 30 days. The next 60 days are paid at 60%. This program allows a participant to be paid a percentage of salary until he/she is able to return to work or until the Long Term Disability program becomes effective, whichever is first. There are some exclusions to this plan, including pre-existing conditions, so be sure to review plan documents closely and contact the Human Resources Department if you have any questions. How much does it cost? Like the medical and life insurance plans, TAC shares the cost of this insurance with you by paying 50% of this premium.
Long Term Disability Premiums (Per Pay Period) $.35 per $100 of payroll

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