Short-Term Disability (STD) Plan
STD benefits are designed to replace a portion of your income for a non-work-related short-term injury or illness. STD benefits are paid at 60% of your eligible weekly base pay, up to $3,000 weekly, during the first 26 weeks of injury or illness.
| Short-term disability eligibility - full-time employees | 100% paid by the employer |
|---|---|
| Weekly benefit amount | 60% |
| Weekly benefit maximum | $3,000 |
| Benefits duration | 26 weeks |
| Waiting period | 7 days |
The STD benefit is paid for by AlphaSense; there is no cost to you. However, any income replacement benefits received are taxable.
Long-Term Disability (LTD) Plan
The AlphaSense LTD plan is available to eligible full-time employees the first of the month following the date of hire. This benefit offers financial protection to you when you need it most — if you become disabled and can no longer work. The plan will also help you return to work, if appropriate.
If you become totally disabled, you will receive 60% of your base salary, up to $15,000 monthly, after you have satisfied the 180-day waiting period for benefits. Your benefit amount may be offset by other benefits you are receiving, such as Social Security or workers’ compensation. Your monthly benefits are subject to federal income tax and may be subject to state and local taxes.
| Long-term disability eligibility full-time employees | 100% paid by the employer |
|---|---|
| Monthly benefit amount | 60% |
| Monthly benefit maximum | $15,000 |
| Benefits duration | Social Security Normal Retirement Age Click here to find when you will reach SSNRA |
| Preexisting condition limitation | 3/12 Limit A condition for which the insured has received medical treatment, consultation, care or services, took prescribed drugs, or medicines in the 3 months prior to their effective date of coverage, or the disability begins in the first 12 months after the employee's effective date of coverage are not eligible to receive the benefit. |