LTD
#2
Gets Weekends Off
Joined APC: Jan 2018
Posts: 461
- Frontier pays the total cost of LTD benefit.
- 8k max LTD monthly benefit.
- Coverage until FAA approves return to duty.
- 90 day elimination period.
- 60% benefit based off of 75 hours min guarantee up to 8k max.
- Benefit subject to offsets from other income.
- The financially inept can elect to not pay imputed income tax on the company paid premiums and then pay income tax on any benefit received.
- After 2 years you will remain disabled if you are unable to perform any occupation that has an earning potential greater than 60% or your indexed pre-disability earnings or the maximum monthly benefit if less.
- Must apply for Social Security Disability
I recall something (email or faq) that said the R&I Committee is working on outside buy-up / expanded coverage options or something to that effect.
#4
Line Holder
Joined APC: Dec 2015
Position: A320 FO
Posts: 67
Sounds like after 2 years it’ll be still difficult for them to say you can make 60% of your pay with our new contract rates. CA pay at over 200k is still 120k, I’m not sure what job I could make 120k a year at other than a pilot.
#5
Gets Weekends Off
Joined APC: Nov 2016
Posts: 617
There are lots of jobs that pay $120k. Sales is the first that comes to mind. You don’t even have to have a degree to make that kind of money in sales. Realty is another. Lots of realtors make 6 figures. Remember it’s not you who determines what you could make, it’s the insurance company.
#6
Gets Weekends Off
Joined APC: Oct 2013
Posts: 1,666
There are lots of jobs that pay $120k. Sales is the first that comes to mind. You don’t even have to have a degree to make that kind of money in sales. Realty is another. Lots of realtors make 6 figures. Remember it’s not you who determines what you could make, it’s the insurance company.
#7
Line Holder
Joined APC: Dec 2015
Position: A320 FO
Posts: 67
There are lots of jobs that pay $120k. Sales is the first that comes to mind. You don’t even have to have a degree to make that kind of money in sales. Realty is another. Lots of realtors make 6 figures. Remember it’s not you who determines what you could make, it’s the insurance company.
#9
On Reserve
Joined APC: Nov 2018
Position: 320 Capt.
Posts: 20
Depending on the monthly budget, it's important to look at expenses after going out on LTD. If you have a family and the spouse doesn't work, the medical insurance costs can reduce your monthly income significantly.
A real time example is as follows:
Spouse is Captain - other spouse stays at home with three children - Frontier insurance coverage is as comprehensive as possible.
Frontier's monthly insurance bill after expiration of FMLA: 2300 bucks.
This leaves the monthly income to the family at 2700 bucks.
The above is from the old contract, but plug in the new numbers and contemplate the outcome.
I believe it's time to research and engineer a supplemental LTD which is not subject to offset by the provided LTD policy (and vice versa).
Sooner would be better than later.
By ALPA stats, 20% of pilots will lose their medical for a period of time in their careers.
A real time example is as follows:
Spouse is Captain - other spouse stays at home with three children - Frontier insurance coverage is as comprehensive as possible.
Frontier's monthly insurance bill after expiration of FMLA: 2300 bucks.
This leaves the monthly income to the family at 2700 bucks.
The above is from the old contract, but plug in the new numbers and contemplate the outcome.
I believe it's time to research and engineer a supplemental LTD which is not subject to offset by the provided LTD policy (and vice versa).
Sooner would be better than later.
By ALPA stats, 20% of pilots will lose their medical for a period of time in their careers.