Disability insurance benefits provide income if you are unable to work due to an illness or non-work-related injury. These programs are managed by Sedgwick and Lincoln Financial Group.
Choose What’s Right for You!
According to the Council for Disability Awareness, approximately 5% of working Americans will experience a disability each year.
Based on your monthly expenses, consider how much of your base salary you’ll need.
The STD Plan pays 60% of your base salary for up to 180 calendar days (less the applicable elimination period), while you are on an approved disability leave. The plan you’re eligible for depends on how long you’ve worked for Memorial Hermann.
Employee-paid plan: This plan is available to full-time and part-time employees who have worked for Memorial Hermann for less than 12 months. You may purchase employee paid STD if you want coverage before you become eligible for the employer-paid plan. Pre-existing conditions may apply under this plan. This coverage is managed by Lincoln Financial Group and Sedgwick manages the application process.
The cost for the employee-paid plan is deducted from your biweekly paycheck. Your payments will be discontinued when you reach 12 months of employment.
Employer-paid plan: This plan is available to all full-time and part-time employees who have worked for Memorial Hermann for at least 12 months. If you’re eligible, you are automatically enrolled in STD coverage at no cost to you. This coverage is managed by Sedgwick.
|
Coverage |
Eligibility Criteria |
Benefit Level |
FY25 Biweekly Cost |
|---|---|---|---|
|
Employee-Paid Short-Term Disability |
For full-time and part-time employees with less than 12 months of employment |
60% of your base weekly income up to 180 days (less applicable elimination period) |
Your annual salary divided by 52 = your weekly salary. Weekly salary x 0.0219 Premiums end when you reach 12 months of employment and you are automatically enrolled in the Employer Paid STD |
|
Employer-Paid Short-Term Disability |
For full-time and part-time employees with 12 months or more of employment |
60% of average base salary up to 180 days (less applicable elimination period) |
$0 |
Memorial Hermann automatically provides full-time employees with LTD coverage that pays 50% of your base salary, after the 180-calendar-day elimination period during which you may be eligible for STD coverage.
In addition, when you’re eligible to enroll you can elect supplemental coverage that brings your total pay replacement to 60% of your base salary.*
This coverage is managed by Lincoln Financial Group.
|
Coverage |
Eligibility Criteria |
Benefit Level |
FY25 Biweekly Cost |
|---|---|---|---|
|
Basic Long-Term Disability |
Full-time employees receive 50% after the 180 calendar day elimination period |
50% of your monthly base salary |
$0 |
|
Supplemental Long-Term Disability |
Full-time employees receive 60% after the 180 calendar day elimination period |
60% of your monthly base salary |
Your annual salary divided by 26 = your biweekly salary. Biweekly salary x 0.00174 |
Did You Know?
The cost of some insurance products is based on your annual salary. To calculate your annual salary, multiply your base pay rate by 2,080.
Divide the annual cost by 26 to determine the biweekly deduction amount.
In some cases, rates will be rounded.