In the event you develop a qualifying medical condition that prevents you from doing your job, Acadian offers both Short-Term Disability (STD) and Long-Term Disability (LTD) options to help supplement your income while you are away from work.
Lincoln Financial is Acadian’s disability insurance carrier. The LTD plan is provided to eligible employees by Acadian free of charge. Therefore, all full-time Acadian employees are automatically enrolled in the LTD plan.
The STD plan, however, is voluntary, and employees must elect to receive this coverage. Changes to your STD coverage can only be made during Open Enrollment or when certain life events occur, such as marriage, divorce or birth of a child.
Short-Term Disability is offered to eligible employees to replace a portion of income lost if the employee becomes sick or injured and cannot work, due to an off-the-job incident. The benefit amount is 66.67% of the employee’s annual salary, paid on a weekly basis up to $3,250. There is a 30-day elimination period from the date of disability. During the elimination period, you will be able to utilize any sick/vacation time that you may have accrued. STD benefits are paid for up to nine (9) weeks. If you are still unable to return to work after nine weeks, Long Term Disability benefits may apply.
You will be eligible to elect STD coverage after working 12 consecutive months of continuous service (as long as the work hours required under the policy are met). NOTE: The Aflac STD policy is different from the Acadian Group STD policy (provided by Lincoln Financial).
Long-Term Disability coverage is automatically provided to eligible employees after 12 months of continuous service (as long as you maintain the work hours). If approved for LTD, you may receive up to 66.66% of your monthly pre-disability earnings. Your benefit will begin after you meet a 90-day elimination period. If you do not have Short-Term Disability coverage, you may utilize any sick/vacation time that you may have accrued during the LTD elimination period.
LTD may continue up to 24 months from your date of disability, as long you continue to be deemed disabled from your own occupation by both your physician and by Lincoln. The continuation of coverage has numerous factors that could affect the duration of coverage. Please review the applicable policies on Acadian Central for additional details.
Evidence of Insurability (EOI) is required due to the medical underwriting process; therefore, you will need to access the Lincoln Financial website to complete this process. If you receive notification that additional information is needed, you must reply with the information requested, so your application can move forward (for approval and/or denial). If you do not reply to the request, your application will be “closed” due to no response.