Income Protection Insurance

Income Protection insurance helps to replace part of your income should you be out of work due to non-job-related injury or illness. Cone Health offers Short-Term Income Protection for part-time and full-time employees and Long-Term Income Protection for full-time employees. The income protection coverage is offered through The Hartford. Click here to learn about managing income protection claims.

Short-Term & Long-Term Income Protection Questions

Why should I think about electing disability coverage?

• When you are out of work due to a medical condition (illness or pregnancy) OR you are injured (not worker's comp related) and have to be out of work for an extended period of time, how are you going to pay your bills?

When can I enroll for disability?

• Within your first 31 days of becoming eligible as a new hire or experiencing a change in status event (i.e., was in a PRN/Relief position and has changed to a part-time or fulltime position). If you are a fulltime employee you will automatically receive Basic Long-Term Income Protection - for FREE.

What happens if I do not enroll during my initial eligibility period? What if I chose to add short-term income protection during the annual open enrollment period?

• If newly electing Short-Term Income Protection during Open Enrollment, Hartford will require completion of a medical Evidence of Insurability form. It will be up to the Hartford to approve or deny the request. The Evidence of Insurability form will be mailed to employee's home address.

What is an elimination period?

• This is the amount of time you are out of work before income protection payments will begin if you are unable to perform the duties of your job and your claim with the carrier is approved.

Short-Term Income Protection - Full-time and Part-time Employees

Employee Paid and Must Enroll - Pays up to 60% of your base salary after meeting the elimination period.

• Option 1 Shorter Elimination Period: 1st Day Accident/8th Day Illness Plan - $3,000 a week maximum
• Option 2 Longer Elimination Period: 21st Day Accident or Illness Plan - $3,000 a week maximum

Department Directors and above are eligible for Salary Continuance for short term medical leaves of absence. After a 3 day waiting period (using Leader Days Off), salary will continue at 100% for up to 12 weeks while medically unable to work. Paid for by Cone Health.

Long-Term Income Protection - Basic & Buy Up Coverages

Long-Term Income Protection pays a percentage of your salary for a period of time to protect your finances against the long-term financial burden that follows being disabled. If you are in a basic long-term income protection plan for staff or physicians and wish to increase to the higher plan, you will not be required to submit an Evidence of Insurability form. However, if you become disabled during the first 12 months of the increased coverage, the buy-up portion would be denied if the disabling condition is deemed preexisting.

Staff

Basic Long-Term Income Protection – Employer Paid and Automatic Enrollment - After a 90-day elimination period, pays 60% of your salary up to $15,000 per month for 2 years if disabled from your own occupation or up to Social Security Normal Retirement Age if disabled from all occupations. Paid for by Cone Heath or the practice.

Major Long-Term Income Protection – Employee Paid and Must Enroll - After a 90-day elimination period, pays 70% of your salary up to $15,000 per month for 2 years if disabled from your own occupation or up to Social Security Normal Retirement Age if disabled from all occupations. You pay for the additional 10%; Cone Health or the practice pays for 60% of the coverage.

Leadership (Directors and Above)

Leadership Long-Term Income Protection – Employer Paid and Automatic Enrollment - After a 90-day elimination period, pays 60% of your salary up to $15,000 per month if you are disabled from your own occupation up to Social Security Normal Retirement Age. Paid for by Cone Health.

Physicians

Physician Basic Long-Term Income Protection – Employer Paid and Automatic Enrollment - After a 180-day elimination period, pays 60% of your salary up to $10,000 per month if disabled from your own occupation, own specialty. Pays up to Social Security Normal Retirement Age.

Physician Buy-Up Long-Term Income Protection – Employee Paid and Must Enroll - After a 90-day elimination period, pays 60% of your salary up to $15,000 per month if disabled from your own occupation, own specialty. Pays up to Social Security Normal Retirement Age.