Your ability to bring home a paycheck is your most valuable asset. We help you protect it.
A disabling injury or illness that keeps you out of work could have a devastating impact on your income, jeopardizing your ability to cover normal household expenses. 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.
Grifols provides basic Short-Term Disability (STD) coverage at no cost to you and enrollment is automatic. Grifols provides an STD benefit equal to 40% of your salary up to a $2,000 weekly maximum to all full-time employees.
Buy-Up Short-Term Disability Insurance
You may elect Buy-Up Short Term Disability coverage equal to 26.67% of your salary, up to a $1,335 weekly maximum. By electing this coverage you increase your STD benefit to a total of 66.67% of your salary, up to a $3,335 weekly maximum. This Buy-Up STD coverage will require post-tax deductions from your paycheck. There is no medical underwriting if you enroll as a new hire. Disability payments can be offset by other benefits such as State plans, workers compensation payments and social security income.
Long-Term Disability Insurance
If you’ve been disabled for 180 days, you may be eligible for Long-Term Disability Insurance benefits. If approved, you will automatically receive long-term coverage that replaces 60% of your monthly income, up to a maximum of $13,000 per month. This coverage is provided by Grifols at no cost to you.
For more information visit the Voya Employee Benefits Resource Center
