DISABILITY
GEON provides a base level of disability protection, both short-term and long-term. For Long Term Disability, associates may purchase additional coverage.
Short Term Disability (STD)
You are eligible for STD benefits after 90 days of employment. If you become disabled from your job, GEON provides basic STD coverage equal to 66 2/3% of your basic weekly earnings. There is no cost to you.
Long Term Disability (LTD)
There are two levels of LTD coverage:
- Basic LTD coverage. GEON provides basic LTD coverage equal to 50% of your eligible pay*, with
a $100 minimum monthly benefit and $15,000 maximum monthly benefit. There is no cost to you. - Optional LTD coverage. You may purchase additional LTD coverage up to 66 2/3% of eligible pay*, with a maximum monthly benefit of $20,000.
- You are eligible for LTD benefits after 26 weeks and approval from Lincoln Financial. Benefits may continue until your recovery, retirement, you reach Social Security normal retirement age or death, or are offset by other disability benefits, including Social Security, state disability and Workers’ Compensation.
*Eligible Pay: Includes base pay plus annual incentive at target or 10%, whichever is greater.
It is your responsibility to submit a claim and make sure your physician has submitted necessary documentation to Lincoln Financial, and to follow up with Lincoln Financial with questions on your claim. Call 866-574-4252.
