Inova provides coverage to help protect your income in the event of a disability.

 

Overview

The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance, provided through New York Life Group Benefit Solutions replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

Disability Insurance Plans

Short-Term Disability

Inova provides company-paid coverage that pays you a disability benefit for up to 26 weeks.

Long-Term Disability

Inova provides company-paid long-term coverage that protects you from the financial impact of an extended disability.

Long-Term Disability Buy-Up

You can purchase additional LTD coverage to provide a higher monthly benefit.

 

Short-Term Disability

You receive Short-Term Disability (STD) coverage automatically at no cost to you. Coverage is available if you become disabled due to a non-occupational illness or injury for more than seven calendar days. If you are approved for disability benefits by New York Life Group Benefit Solutions, STD will replace 100% of your weekly covered earnings for the first 6 weeks (2 weeks for disabilities occurring before 6/1/22). Then the benefit will be 66.67% for the remainder of the maximum benefit period, up to 26 weeks.

All active, full-time and part-time team members budgeted to work a minimum of 20 hours per week are eligible for coverage the first of the month coincident with or following date of hire. To file a claim, go to the New York Life GBS website.

 

Long-Term Disability

Long-term disability (LTD) insurance provides income replacement benefits if you are injured or ill for 180 days. Your long-term disability insurance coverage, provided at no cost to you, is equal to 60% of your covered earnings, up to a maximum benefit of $8,500 per month. Different coverage levels apply to Executives, Management and Physicians.

All active, full-time team members regularly working a minimum of 30 hours per week, are eligible for coverage. To file a claim, go to the New York Life GBS website.

 

Long-Term Disability Buy-Up

You can purchase additional coverage to supplement your company-provided LTD insurance. If you’re a full-time team member, you can purchase an additional 10% of LTD insurance. When buy-up coverage is combined with company-provided LTD, you can receive a total of 70% of your covered earnings, up to a maximum benefit of $8,500 per month.

This coverage is optional and employee-paid; you can enroll on the Inova Benefits Center website as a new hire or during Annual Enrollment.