BENEFITS AT A GLANCE
Cobb County Government provides Long Term Disability to full time employees. The plan provides a monthly benefit for employees that are deemed disabled due to accident or sickness and cannot work.
BENEFIT AMOUNT
The Monthly Benefit equals 60% of earnings at the time of disability, to a maximum of $10,000 per month benefit.
ELIMINATION PERIOD
There is an elimination period of six (6) months (waiting period) before benefits will begin.
BENEFIT PERIOD
The benefit period is to age 65 or normal social security retirement age (SSNRA).
Adjustments due to salary changes or age changes are made annually in January- the Anniversary Date (i.e. first annual deduction).
CERTIFICATE OF COVERAGE
Employee Certificate of Coverage
BUY-UP OPTION
Employees can choose to Buy-Up an additional 10% to insure their disability income to 70% of monthly earnings.
The additional 10% will be added to the 60% Base Plan.
BUY-UP RATE
The cost for the Buy-Up is $.187 per $100 of salary
Example: Bi-Weekly salary of $1,050 divided by 100 X $.187= $1.97
EVIDENCE OF INSURABILITY
During a scheduled enrollment period, employees can elect the Core-Plus Buy-up without EOI. Employees will be subject to the Pre-existing limitation below.
PRE-EXISTING LIMITATION
Employees will have a 3/12 pre-existing limitation. Any condition resulting in a disability where medication was taken, treatment was sought or advice was requested 3 months prior to the coverage effective date will not be covered for 12 continuous months.
OFF SETS
The benefit amount is reduced by other income payable for that same disability (Workers’ Compensation, other group disability insurance and employer or government retirement benefits, including Social Security and State Merit disability benefits). However, the minimum monthly benefit is $100 or 10% of the insured employee’s benefit, whichever is greater.