Spirit of NKS
Banned
Joined APC: Jan 2008
Position: A-320
Posts: 784
Line Holder
Joined APC: Dec 2014
Posts: 93
So what you are in effect saying that I would need to become the biggest dumbass in the world after 24 months so that I am not qualified to do anything? =) I can get started on that right away
Unless you are disabled and unable to work. Remember though it doesnt require you to be a dumbass, just no other skills. I suppose that if you are in your first year pay the field is widened for a simple loss of your medical and otherwise capable.
Gets Weekends Off
Joined APC: Oct 2010
Posts: 4,603
LTD pays for 24 months (after a 90 day waiting period. Hope you have 216 hours in your sick bank) and the only way you can keep getting the benefit payment after 24 months is if you can be defined by Social Security Administration as disabled. There are plenty of situations where you lose your medical but the SSA won't define you as disabled. No medical and bye bye LTD at 24months.
MAX pay is $5000 for FOs and $10000 for CAs if they participate in the buy up. If on the rare chance you can get defined by the SSA as disabled at the 24 month mark to keep getting paid they will reduce your benefit by the amount you get from social security.
Plain and simple: the plan needs to have a higher benefit amount. Qualifying needs to be based on not holding a first class medical. The only way for it to stop paying you is you get your first class back or you turn 65 years old.
Any contract that does not have this I will vote no to. It does not matter what the rest of the contract says if you don't have a medical and cannot work. Young or old you can lose your medical at your next exam without warning. Are we willing to vote for a contract that doesn't insure a multimillion dollar career? I'm not!
Line Holder
Joined APC: Mar 2015
Posts: 32
This is not the interpretation I got straight from the R&I committee.
LTD pays for 24 months (after a 90 day waiting period. Hope you have 216 hours in your sick bank) and the only way you can keep getting the benefit payment after 24 months is if you can be defined by Social Security Administration as disabled. There are plenty of situations where you lose your medical but the SSA won't define you as disabled. No medical and bye bye LTD at 24months.
MAX pay is $5000 for FOs and $10000 for CAs if they participate in the buy up. If on the rare chance you can get defined by the SSA as disabled at the 24 month mark to keep getting paid they will reduce your benefit by the amount you get from social security.
Plain and simple: the plan needs to have a higher benefit amount. Qualifying needs to be based on not holding a first class medical. The only way for it to stop paying you is you get your first class back or you turn 65 years old.
Any contract that does not have this I will vote no to. It does not matter what the rest of the contract says if you don't have a medical and cannot work. Young or old you can lose your medical at your next exam without warning. Are we willing to vote for a contract that doesn't insure a multimillion dollar career? I'm not!
LTD pays for 24 months (after a 90 day waiting period. Hope you have 216 hours in your sick bank) and the only way you can keep getting the benefit payment after 24 months is if you can be defined by Social Security Administration as disabled. There are plenty of situations where you lose your medical but the SSA won't define you as disabled. No medical and bye bye LTD at 24months.
MAX pay is $5000 for FOs and $10000 for CAs if they participate in the buy up. If on the rare chance you can get defined by the SSA as disabled at the 24 month mark to keep getting paid they will reduce your benefit by the amount you get from social security.
Plain and simple: the plan needs to have a higher benefit amount. Qualifying needs to be based on not holding a first class medical. The only way for it to stop paying you is you get your first class back or you turn 65 years old.
Any contract that does not have this I will vote no to. It does not matter what the rest of the contract says if you don't have a medical and cannot work. Young or old you can lose your medical at your next exam without warning. Are we willing to vote for a contract that doesn't insure a multimillion dollar career? I'm not!
This is about right. In my case though I didn't see the first payment till about the 5 1/2 month mark. At 90 days you are eligible for LTD, but the gathering of info from doctors will push your first payment out some time. They back pay you from the eligibility date. Your first 2 payments have SS tax and federal taken out. After that you are given the option for full payment and be responsible for your own tax payments. Pay is 60% of your monthly. My case as an FO put my pay without tax removed at about $3000.00 a month. Since the company pays our policies it is considered taxable income. The $5000 and $10000 numbers are misleading due to you will receive 60% of that for your pay, hence my payment of $3000.00. Basically plan on a new career with this policy.
Forgot to add the company pays your insurance premium for 9 months, after that you are given the option of cobra or find your own policy. Cobra for me only with our mid-tier plan came in at about $700 a month for health only so keep that in mind also!
Last edited by MATEN308; 09-30-2015 at 06:00 PM. Reason: Added health benefits
Gets Weekends Off
Joined APC: Oct 2010
Posts: 4,603
It's a joke. I hope you got better and back to work.
Gets Weekends Off
Joined APC: Feb 2011
Posts: 657
This is about right. In my case though I didn't see the first payment till about the 5 1/2 month mark. At 90 days you are eligible for LTD, but the gathering of info from doctors will push your first payment out some time. They back pay you from the eligibility date. Your first 2 payments have SS tax and federal taken out. After that you are given the option for full payment and be responsible for your own tax payments. Pay is 60% of your monthly. My case as an FO put my pay without tax removed at about $3000.00 a month. Since the company pays our policies it is considered taxable income. The $5000 and $10000 numbers are misleading due to you will receive 60% of that for your pay, hence my payment of $3000.00. Basically plan on a new career with this policy.
Forgot to add the company pays your insurance premium for 9 months, after that you are given the option of cobra or find your own policy. Cobra for me only with our mid-tier plan came in at about $700 a month for health only so keep that in mind also!
Forgot to add the company pays your insurance premium for 9 months, after that you are given the option of cobra or find your own policy. Cobra for me only with our mid-tier plan came in at about $700 a month for health only so keep that in mind also!
All this is true and its a bigger headache than imaginable. I haven't hit the 9 month mark yet so I was (blissfully) unaware of the fact that I'm going to have to pay for cobra, honestly I'm not sure what I am going to do now.
Keep em or pull em?
Thread
Thread Starter
Forum
Replies
Last Post