224-770-5306

BENEFITS & COSTS

Plumbers Local 8

Summary of Benefits & Costs

For quick and easy enrollment, call Cornerstone at 224-770-5306 (M-F 8am-5pm CST)

Short-Term Disability (STD)

  • Pays 60% of Weekly Earnings (to a maximum of $1,500) for up 13 weeks
  • Starts paying on Day 1 for Accident and Day 8 for Illness
  • Pre-existing conditions are covered after 12 months
  • Covers off the job disabilities resulting from injury or illness
  • Stackable with other benefits up to 100% of pre-disability earnings
  • Benefits paid are tax free
Short Term Disability
60% of Weekly Earnings for up to 13 Weeks
Annual Earnings Weekly Benefit 0 – 29 30 – 39 40 – 49 50 – 59 60 – 69
$40,000
$461.54
$16.85
$23.77
$39.92
$49.15
$72.23
$50,000 $576.92 $20.31 $28.96 $49.15 $60.69 $89.54
$60,000 $692.31 $23.77 $34.15 $58.38 $72.23 $106.85
$70,000 $807.69 $27.23 $39.35 $67.62 $83.77 $124.15
$80,000 $923.08 $30.69 $44.54 $76.85 $95.31 $141.46
$90,000 $1,038.46 $34.15 $49.73 $86.08 $106.85 $158.77
$100,000 $1,153.85 $37.62 $54.92 $95.31 $118.38 $176.08
$110,000 $1,269.23 $41.08 $60.12 $104.54 $129.92 $193.38
$120,000 $1,384.62 $44.54 $65.31 $113.77 $141.46 $210.69
$130,000 $1,500.00 $48.00 $70.50 $123.00 $153.00 $228.00

Long-Term Disability (LTD)

  • Pays after 90 day waiting period
  • LTD Option A pays a flat $2,000 monthly benefit for up to 2 years
  • LTD Option B pays 60% of monthly earnings (to a maximum of $5,000) for up to 5 Years
  • Pre-existing conditions are covered after 12 months
  • Covers on and off the job disabilities resulting from injury or illness
  • Offset by other benefits
  • Benefits paid are tax free
  • Includes 24 months of own occupation coverage
Long Term Disability
Option A – Pays a Flat Monthly Benefit of $2,000 for up to 2 Years
Monthly Benefit 0 – 29 30 – 39 40 – 49 50 – 59 60 – 69
$2,000 $10.00 $13.00 $27.00 $41.00 $73.00
Long Term Disability
Option B – Pays 60% of Your Earnings for up to 5 Years
Annual Earnings Monthly Benefit 0 – 29 30 – 39 40 – 49 50 – 59 60 – 69
$40,000 $2,000.00 $15.00 $20.00 $41.00 $65.00 $113.00
$50,000 $2,500.00 $18.00 $24.25 $50.50 $80.50 $140.50
$60,000 $3,000.00 $21.00 $28.50 $60.00 $96.00 $168.00
$70,000 $3,500.00 $24.00 $32.75 $69.50 $111.50 $195.50
$80,000 $4,000.00 $27.00 $37.00 $79.00 $127.00 $223.00
$90,000 $4,500.00 $30.00 $41.25 $88.50 $142.50 $250.50
$100,000 $5,000.00 $33.00 $45.50 $98.00 $158.00 $278.00

Life and Accidental Death & Dismemberment (AD&D)

  • Guaranteed approved coverage for member, spouse, and children – NO pre-existing condition limitations
    • All life coverage includes an equal amount of AD&D. If death is caused by an accident, benefit doubles
  • Member coverage from $10,000-$150,000 (in $10,000 increments)
    • Spousal and child coverage is available when member life coverage is elected
  • Spousal coverage from $5,000-$25,000 (in $5,000 increments), not to exceed 50% of member election
  • Child(ren) eligible for a flat $10,000 of coverage – All eligible children are covered for $3.50 per month
  • Life coverage is convertible & portable

Please Note: Life/AD&D guaranteed amounts may be lower or not offered at future open enrollments for those members that do not enroll initially

Member Life Benefit and Monthly Premium
Benefit 0 – 29 30 – 39 40 – 49 50 – 59 60 – 69
Can be elected in increments of $10,000
$10,000 $3.50 $3.70 $5.50 $10.00 $18.50
$50,000 $9.50 $10.50 $19.50 $42.00 $84.50
$100,000 $17.00 $19.00 $37.00 $82.00 $167.00
$150,000 $24.50 $27.50 $54.50 $122.00 $249.50
Spouse Life Benefit and Monthly Premium
Benefit 0 – 29 30 – 39 40 – 49 50 – 59 60 – 69
Premiums based on member age • Cannot exceed 50% of Member Benefit
$5,000 $2.75 $2.85 $3.75 $6.00 $10.25
$25,000 $5.75 $6.25 $10.75 $22.00 $43.25
Child(ren)/Dependent(s) Monthly Premium
$10,000 All children covered at one cost of $3.50
IMPORTANT NOTE:

If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555, and failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds. Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Benefit effective dates are subject to change. This group plan has minimum participation requirements for the plan to become effective. Failure to meet participation could prevent the plan from becoming effective, or delay the effective date. The Plumbers UA does not make any endorsement or recommendations regarding these benefits. This program is voluntary and It is solely the members’ decision to enroll. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums.

Time Left to Enroll

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Enrollment Ends 10/30/2020
Coverage Begins 11/1/2020