Your ability to bring home a paycheck is your most valuable asset. We help you protect it.
Our company-paid short-term and long-term disability benefits provide protection if you can’t work due to a disabling injury or illness. Disability insurance protects a portion of your income, relieving you of the anxiety of depleting your savings to pay your bills.
Short-Term Disability Insurance
Short-Term Disability Insurance replaces a portion of your income if an injury or illness forces you out of work for an extended period of time. Exact Sciences provides basic short-term disability coverage at no cost to you and enrollment is automatic. The benefit pays 60% of the first $7,692 of weekly predisability earnings as of the the date of disabililty; weekly maximum benefit of $4,615. The benefit duration period is 90 days or the date your long-term disability benefit begins.
Long-Term Disability
Exact Sciences also provides Long-Term Disability Insurance to protect your finances when your disability continues beyond the period covered by the short-term disability plan. This benefit is also fully paid for by the company and enrollment is automatic. The monthly benefit is 60% of the first $25,000 of monthly predisability earnings; maximum monthly benefits $15,000. Benefits are effective on date of hire and LTD benefits begin after 90 days of disability.
* The cost for this insurance is paid by Exact Sciences. The premiums will be added to your gross monthly income and taxed accordingly in order to receive disability benefits tax free. If premium payments are made with after-tax dollars, benefits are federally tax-free under current federal tax law.
Important Documents
