Disability Insurance

Modera provides Short-Term and Long-Term Disability coverage through MetLife at no cost to you. These plans give you income protection in the event you are ill, suffer a non-work-related injury, and can’t work.

Disability Insurance

Short-Term Disability

Feature	Detail
Carrier	MetLife
Paid By	100% paid by the company
Eligibility	All regular full-time employees are eligible on their first day of active employment.
Income Replacement Percent	60% of weekly earnings
Maximum Benefit	$1,000 per week
Elimination Period	7 consecutive days
Maximum Benefit Period	12 weeks

Carrier

Detail: MetLife

Paid By

Detail: 100% paid by the company

Eligibility

Detail: All regular full-time employees are eligible on their first day of active employment.

Income Replacement Percent

Detail: 60% of weekly earnings

Maximum Benefit

Detail: $1,000 per week

Elimination Period

Detail: 7 consecutive days

Maximum Benefit Period

Detail: 12 weeks

STD Insurance Notes

Short-Term Disability provides a continuing source of income after seven consecutive days of total disability. Benefits are calculated as a percentage of your salary, and the cost of both coverages is paid completely by the Company.
All regular full-time employees are eligible for group life, AD&D, Short-Term Disability and Long-Term Disability coverage on their first day of active employment.
The weekly benefit is 60% of weekly earnings, up to a maximum of $1,000 per week.

Basic Long-Term Disability Insurance

Feature	Detail
Carrier	MetLife
Paid By	100% paid by the company
Eligibility	All regular full-time employees are eligible on their first day of active employment.
Income Replacement Percent	60% of monthly earnings
Maximum Benefit	$6,000 per month
Elimination Period	90 consecutive days
Maximum Benefit Period	The later of your Social Security Normal Retirement Age or a period based on your age when disability begins
Pre Existing Condition Clause	Long-Term Disability does not cover a disability caused by a condition you were treated for in the 3 months before coverage began, until you have been actively at work for 12 months.
Exclusions	Benefits for mental health and substance use disabilities are limited to 24 months.