IBEW LOCAL 150
In the short period that these policies have been in place there have already been over $400,000 paid out to Members and their families.
IBEW LOCAL 150 Income PROTECTION
Continue getting paid if you can’t work due to illness, injury, or death!
PLAN INFORMATION OVERVIEW
– Short-Term Disability (STD) pays for up to 39 weeks
– Long-Term Disability (LTD) pays for up to 5 years
– Life Insurance w/ AD&D for Member, Spouse, and/or Child(ren)
– Accident and Critical Illness Coverage for Member, Spouse, and/or Child(ren)
No medical tests, questions, or underwriting to enroll; no active working Member of the IBEW Local 150 can be denied coverage!
OUR CURRENT BENEFITS AREN’T ENOUGH
SHORT-TERM DISABILITY (STD)
IBEW Local 150 Members receive the Health & Welfare $475/week Short-Term Disability benefit for 39 weeks. If you’re unable to work for just 6 weeks, your income lost could be $4,500 or more (depending on your weekly income & current benefit received).
LONG-TERM DISABILITY (LTD)
The IBEW Local 150 Health & Welfare Plan does not offer any Long-Term Disability benefits. 100% of your income is at risk if you’re unable to work after 39 weeks.
Only a $20,000 Life Insurance ‘burial benefit’ is currently provided to Members through the Local.
COVID-19 (Coronavirus) Disability FAQ
It is important to understand that these Life and Disability benefits DO cover COVID-19 (Coronavirus) in the event that you contract the virus and cannot work (to include being quarantined after being diagnosed with COVID-19) or pass away as a result of the virus.
The below list provides the main parameters a Member’s claim must meet in order to be eligible to file a claim for the Coronavirus. However, there may be other factors that would impact a Coronavirus claim.
- Only cases of the Coronavirus that are medically diagnosed and documented by a medical professional would constitute as eligible for benefits
- Members who are quarantined due to testing positive for Coronavirus would be eligible for benefits
- Members who are quarantined as a preventative measure and do not have an official Coronavirus diagnosis by a medical professional would not be eligible for benefits, including, but not limited to;
– Jobsite shutdowns for preventative measures
– Furloughs, layoffs, etc.
– Care for a loved one who has been diagnosed or exposed
- The normal waiting period still applies, so the Member needs to be held out of work by a medical professional for longer than their waiting period in order to be eligible
Members enrolling for coverage now, but who do not yet have effective coverage, would not have an eligible Coronavirus claim if:
- The Member enrolls now for a future coverage effective date and already has a medically diagnosed case of Coronavirus or has seen their doctor for signs/symptoms of the Coronavirus
- The Member’s coverage is not effective and in force prior to seeing a medical professional or being diagnosed
|Specified Diseases Rider
Human Coronavirus (single highest benefit applicable)
|Hospitalization: 4+ days||10%|
|Hospitalization: 10+ days||25%|
Please call us at (224) 770−5305 for more information.