FDX MEC disability coverage versus ALPA
04-30-2013, 11:25 AM
#11
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Joined APC: Oct 2005
Posts: 73
I recently applied for the MEC plan. Age 60 is no longer an option (all plans cover to age 65). The only two options are a 12 or 24 month waiting period. The 24 month plan is obviously cheaper. They use a multiplier to calculate your rate. I have to check the paperwork to confirm but I believe the 12 month is .74% of your pay and the 24 month is something like .54%. It is very tough to find info on the plan. It is actually managed by ALPA national (not our MEC). PM me and I can get you the contact info later
04-30-2013, 01:10 PM
#12
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04-30-2013, 01:42 PM
#13
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Originally Posted by RedeyeAV8r
First off you need to be sure or clarify what you have.
Many FDX pilots confuse between ALPA & MEC products.
There are ALPA National policies, both life and LOL disability.
There are specific FDX MEC policies managed by ALPA, both life and LTD supplemental ( tailored to our contract)
The FDX MEC life shows a Dollar amount for you & spouse(if elected).
The FDX MEC supplemental LTD policy does not have an amount since it is based on the previous 18 months of income prior to a medical event. You should see a waiting period of 12 or 24 months next to it, which is what you elected well as to Age 60 or 65, again whatever you selected.
If you have an ALPA National Loss of License Policy, you should see a dollar amount on whatever you elected your flat monthly pay out.
Many FDX pilots confuse between ALPA & MEC products.
There are ALPA National policies, both life and LOL disability.
There are specific FDX MEC policies managed by ALPA, both life and LTD supplemental ( tailored to our contract)
The FDX MEC life shows a Dollar amount for you & spouse(if elected).
The FDX MEC supplemental LTD policy does not have an amount since it is based on the previous 18 months of income prior to a medical event. You should see a waiting period of 12 or 24 months next to it, which is what you elected well as to Age 60 or 65, again whatever you selected.
If you have an ALPA National Loss of License Policy, you should see a dollar amount on whatever you elected your flat monthly pay out.
04-30-2013, 06:11 PM
#15
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Originally Posted by KnightFlyer
The FedEx MEC LTD (Aetna) is a much better plan for us. Recommend 12 month elimination period. I plan on retiring at 60 but signed up for the age 65 option in case plans change. If you don't have an LTD supplemental plan, you need to get one.
I don't have the loss of license plan; didn't think it was much of a value.
I don't have the loss of license plan; didn't think it was much of a value.
04-30-2013, 06:18 PM
#17
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Originally Posted by RedeyeAV8r
....The FDX MEC supplemental LTD policy does not have an amount since it is based on the previous 18 months of income prior to a medical event. ....
???
04-30-2013, 07:25 PM
#19
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Posts: 2,052
Originally Posted by DLax85
... I thought it was based on the avg pay in the most recent 36 months before the disabling event occurs
???
???
Part 7. DEFINITION OF PREDISABILITY MONTHLY INCOME
Predisability Monthly Income means your pensionable earnings from the Employer in effect on the last full day you are Actively at Work before you become Disabled; including basic salary, overtime (Volunteer/Draft Flying), carryover pay, International Override Pay, bonuses and Specialty Pay (training, flight test and line check airman pay); but excluding:
1. Commissions;
2. Per diem (taxable and non-taxable);
3. Vacation buy-back; or
4. The value of any surplus contributed to the pilot’s Employer Contribution Unused Sick Leave Account.
Pensionable earnings will be averaged as follows:
1. Over the most recent 12 calendar month period prior to the date your disability began; or
2. Over the number of calendar months you worked for the Employer prior to becoming Disabled; if you
have worked for the Employer less than 12 months.
Last edited by CloudSailor; 04-30-2013 at 07:41 PM.
04-30-2013, 07:39 PM
#20
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Correct me if I'm wrong, but the Loss Of License and LOL Plus aren't valuable plans to us at all (assuming one has the LTD plan) because of the following (Step 3):
CALCULATING YOUR LTD BENEFIT
Your LTD Benefit is equal to your Net Monthly Benefit; as determined below:
Step 1 - Multiply your Lost Monthly Income by the applicable LTD Benefit Percentage.
Step 2 - Compare the product from Step 1 with the applicable Maximum Monthly Benefit. The lesser of these 2 amounts is your Gross Monthly Benefit.
Step 3 - From your Gross Monthly Benefit; subtract the monthly amount of Other Income Benefits. The result is your Net Monthly Benefit.
CALCULATING YOUR LTD BENEFIT
Your LTD Benefit is equal to your Net Monthly Benefit; as determined below:
Step 1 - Multiply your Lost Monthly Income by the applicable LTD Benefit Percentage.
Step 2 - Compare the product from Step 1 with the applicable Maximum Monthly Benefit. The lesser of these 2 amounts is your Gross Monthly Benefit.
Step 3 - From your Gross Monthly Benefit; subtract the monthly amount of Other Income Benefits. The result is your Net Monthly Benefit.
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