BENEFITS & COSTS
Plumbers Local 8
Summary of Benefits & Costs
Coverages are guaranteed approved for all actively working/dues paying Members of Plumbers & Gas Fitters Local Union #8.
FOR QUICK AND EASY ENROLLMENT CALL (224) 770−5306 (Mon-Fri 8am-5pm CT).
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 MONTHLY PREMIUMS*
| Annual Earnings | Weekly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | ||||||
| $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 | ||||||
*Stackable with other benefits to 100% of pre-disability earnings. Pays to a maximum of $1,500 for up 13 weeks.
Long-Term Disability (LTD)
- 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
- Pays after 90 day waiting period
- 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: FLAT RATE MONTHLY PREMIUMS**
| Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $2,000 | $10.00 | $13.00 | $27.00 | $41.00 | $73.00 | |||||||
**Benefit is flat $2,000 for up to 2 years, unless salary is below $40k. Cannot Exceed 60% of pre-disability earnings.
LONG-TERM DISABILITY – OPTION B: PAYS 60% OF YOUR EARNINGS MONTHLY PREMIUMS***
| Annual Earnings | Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | ||||||
| $50,000 | $2,500 | $18.00 | $24.25 | $50.50 | $80.50 | $140.50 | ||||||
| $60,000 | $3,000 | $21.00 | $28.50 | $60.00 | $96.00 | $168.00 | ||||||
| $70,000 | $3,500 | $24.00 | $32.75 | $69.50 | $111.50 | $195.50 | ||||||
| $80,000 | $4,000 | $27.00 | $37.00 | $79.00 | $127.00 | $223.00 | ||||||
| $90,000 | $4,500 | $30.00 | $41.25 | $88.50 | $142.50 | $250.50 | ||||||
| $100,000 | $5,000 | $33.00 | $45.50 | $98.00 | $158.00 | $278.00 | ||||||
***Benefit pays for up to 5 years. Annual earnings include your total compensation for the year including overtime. Call (224) 770-5306 to get premiums for annual earnings amounts not listed. Benefits are subject to offsets.
Life and Accidental Death & Dismemberment (AD&D)
Please note that Life/AD&D guaranteed amounts may be lower or not offered at future open enrollments for Members who do not enroll initially.
- Guaranteed coverage for Member/spouse/children—no pre-existing condition limitations
- All Life coverage includes an equal amount of AD&D
- If death is caused by an accident the benefit doubles
- Member coverage is available from $10,000-$20,000 (in $10,000 increments—spousal and child coverage available if Member life coverage is elected)
- Spousal coverage is available from $5,000-$10,000 (in $5,000 increments, not to exceed 50% of Member’s election)
- Children eligible for a flat $10,000 of coverage. One fee of $3.50 covers all dependents.
- Life coverage is convertible & portable
- Coverage is 24/7 on and off the job
LIFE AND AD&D BENEFITS & MONTHLY PREMIUMS
Member (Elected in increments of $10,000)
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $10,000 | $3.50 | $3.70 | $5.50 | $10.00 | $18.50 | |||||||
| $20,000 | $5.00 | $5.40 | $9.00 | $18.00 | $35.00 | |||||||
Spouse (Elected in increments of $5,000. Based on Member age. Not to exceed 50% of Member’s Life election)
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||||
| $5,000 | $2.75 | $2.85 | $3.75 | $6.00 | $10.25 | |||||||
| $10,000 | $3.50 | $3.70 | $5.50 | $10.00 | $18.50 | |||||||
Child(ren)
| Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |
| $10,000 | All children/dependents are covered at one cost of $3.50 | |||||
Call (224) 770−5306 to get premiums not listed above.
Time Left to Enroll
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Enrollment Ends 6/17/2022
Coverage Begins 7/1/2022
IMPORTANT NOTE: If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555. 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. The union does not make any endorsement or recommendations regarding these benefits. This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own premiums. 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.
(224) 770−5306