Disability
If you’re unable to work due to an illness or injury, disability insurance provides you with a portion of your income while you are out of work and recovering.
Short-term disability (STD)
- The benefit is paid at 60% of base weekly earnings, up to a maximum weekly benefit of $1,750.
- Benefits are payable on the eighth consecutive day of disability for a maximum of 26 weeks.
- Your STD benefit payments may be reduced by any amounts you receive from state disability plans.
- Review the Employee Leave and Disability Overview document for more information on Country Store Information (CSI).
Long-term disability (LTD)
The Long-Term Disability (LTD) plan replaces your income in the event you are out of work longer than 26 weeks due to an illness or injury. LTD coverage pays a benefit depending on your salary:
- If you earn less than $150,000: Coverage is 60% of your base monthly earnings, up to $7,500 per month.
- If you earn more than $150,000: Coverage is 66.67% of your base monthly earnings, up to $15,000 per month.
LTD benefits begin after 26 weeks of continuous disability and continue until you are no longer deemed disabled or age 65, whichever comes first.
Options for receiving your LTD benefit
- Taxable: H&M pays 100% of the premium. This option is provided at no cost to you, but you will pay taxes on any LTD benefits you receive while you are disabled.
- Non-Taxable: You may opt to pay for your LTD premiums yourself rather than H&M paying. This option allows you to receive your full benefits un-taxed while on disability.
Returning to work
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