Originally Posted by
DLax85
This verbiage is all from the FDX MEC ALPA (...previously known as Harvey Watt) LTD Insurance Plan correct?
...not the LTD benefits we get for "free" directly from the company..??
Thanks.
Correct. I think it's worth it; you just never know. I pray I never need it.
I prefer the 12 month waiting period. Depends on your situation.
Age 60 plan
12 month elimination period: $.65 per $100.00 of previous month’s pensionable earnings
24 month elimination period: $.395 per $100.00 of previous month’s pensionable earnings.
Age 65 is a little higher, I think $.74 per 100 (12 mo)
Unlike the Company’s disability payment, the FDX MEC benefit is based on the average of
your past 12 months’ pensionable earnings. Unless you were making over $260,986.95 per
year, your benefit will be 15 percent of your average income, tax-free. The FDX MEC
disability plan considers the FedEx disability benefit, then compares the greater of the
minimum benefit amount of 15% of pre-disability earnings, to the benefit amount required
to replace 66.7% of pre-disability earnings.
Check out the R&I News and Updates for some good info.