Originally Posted by
captsurf
I believe it pays out 60% (40%for the low plan) of your average monthly gross earnings from previous 2 or 6 months (whichever is greater). $1500-$3000 max per-week depending on the plan. It kicks in after 7 days for up to 26 weeks. Premiums are deducted post-tax so a 1099/income tax is not required on your benefits (I think)
Good write up.
I just changed to the high plan but I’m having second thoughts. The premium is pretty expensive. The high plan doubles your max weekly to $3000 from $1500 but the premium is more than double. If you make $130k or less then definitely do the core plan. If you are a captain or high grossing FO you’ve got a decision to make.