Financial Security
Some employee have expressed concern over the definition of “any reasonable occupation” after 24 months of benefit payments. Reasonable occupations vary by individual capabilities and circumstances. The LTD plan does not require a disabled employee to return to work in a menial job. On the other hand The Hartford recognizes the value of work while an individual copes with a disability, so they encourage rehabilitation. The Hartford rehabilitation specialists work with disabled employees and their attending physician to identify opportunities to return to an active and productive life. The LTD plan helps achieve this goal without compromising financial security. During the period of disability, an employee’s earnings capacity is measured against indexed monthly base pay. “Indexed monthly base pay” refers to the employee’s base pay before disability started plus 7% for each year following 12 months of disability.
An employee who returns to work in their own job or any
other occupation, with a medical condition limiting his or her earning capacity
to 80% or less of the indexed monthly base pay is considered working while
disabled, Disability benefits continue, adjusted as follows:
During the first 24 months of disability benefit, the employee can receive actual earnings plus full disability benefits, but the combined income (earnings plus LTD payments will not exceed the indexed monthly base pay).
After 24 monthly of disability benefits, LTD payments are reduced 50 cents for each dollar of actual earnings and the combined income will not exceed indexed monthly base pay.
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