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Disability Insurance

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Last updated date: 5/6/2024

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

Overview

A serious illness or injury can cause significant financial hardship for your family. Disability insurance, provided through The Hartford, 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

Two options for coverage that you can purchase and pays you a disability benefit for up to 9 or 11 weeks.

Long-term disability

Novant Health provides company-paid long-term coverage to protect you from the financial impact of an extended disability.

Short-Term Disability

Novant Health's short-term disability coverage through The Hartford provides you with:

Option 1 Option 2
Benefits start On the 30th day of your disability, for up to 9 weeks On the 15th day of your disability, for up to 11 weeks
Payments equal to You can purchase coverage equal to 60% of your earnings up to $2,500 weekly

Long-Term Disability

Novant Health's long-term disability coverage through The Hartford provides you with:

  • Automatic, company-paid coverage; no need to enroll.
  • Benefits that start after you have been disabled for 90 days.
  • Payments equal to 60% of your salary, up to a maximum of:
    • Team Members: $15,000 per month.
    • Physician Team Members: $10,000 per month.
    • Executive Team Members: $15,000 per month.

Physician and Executive Individual Disability Insurance (IDI)

Physician IDI
Physician Team Members’ Long-term Disability plan limits income replacement to $10,000/month. For many highly compensated physicians, this limit may not meet financial needs during a loss of income. The IDI is a company-paid, supplemental tier of income replacement that can increase the monthly limit to $25,000.

Take note! As a new hire, you must actively enroll in this benefit. If not, your disability benefits will be limited to the Group LTD plan only.

Executive IDI
Executive Team Members’ Long-term Disability plan limits income replacement to $15,000/month. For many highly compensated executives, this limit may not meet financial needs during a loss of income. The IDI is a company-paid, supplemental tier of income replacement that can increase the monthly limit to $30,000.

Take note! As a new hire, you must actively enroll in this benefit. If not, your disability benefits will be limited to the Group LTD plan only.