Articles in this section

Disability Insurance

Updated

Disability Insurance

Disability insurance replaces all or part of your income if you’re away from work for an extended period because of a disabling injury or illness.

Disability is administered with an approved leave of absence.

Note: These policies or their provisions may vary or be unavailable in some states. The policies have exclusions and limitations that may affect the dollar amount of benefits you receive.


 

Short-term disability (STD)

STD replaces part or all of your income for up to 26 weeks if you’re unable to work because of a disability, including pregnancy. Coverage begins after seven consecutive days of total disability. Ordinary short-term illnesses, like cold or flu, are generally covered by regular sick pay and other time-off programs.

The amount of STD payments you receive is based on your length of service when your disability begins:

  • Up to 2 years of employment: 66.67% of base salary
  • 2 or more years of employment: 75% of base salary

The minimum weekly benefit is $25.

STD benefits work in conjunction with state disability benefit plans where applicable.

 

Long-term disability (LTD)

If you’re unable to work for longer than 180 consecutive days you may be eligible for LTD, which replaces 60% of your monthly pay, up to $15,000 per month.

Benefits may end when you reach the Social Security Administration normal retirement age, or after 24 months for mental and nervous conditions. The amount of your LTD payments may be reduced by income you receive from other sources such as Workers’ Compensation or Social Security Disability benefits.

 

Cost for coverage

Samsung provides STD and LTD coverage at no cost to you.

 

How to apply for disability

Disability is administered with an approved leave of absence.

You may apply for disability benefits within 30 days of the tentative start date of your leave. Please give your supervisor as much notice as possible.

To apply, you’ll first need to create an account with Reliance Matrix.

Once you create an account, you can apply for disability:

You’ll receive a packet within 24 hours of applying. It will explain what documentation, if any, is required to process your claim.

 

Contact

Reliance Matrix

Locate in microsite here: https://yoursamsungbenefits.com/financial-health/disability-insurance/ 

Was this article helpful?
0 out of 0 found this helpful