Page 14 - Quarles
P. 14
Contribution Rates
Associates and spouses have the same rates based on the age of the associate and the coverage amount
as shown in the table.
Example: Terry is age 42 and elects $50,000 in Supplemental Life
coverage. His monthly contribution rate would be and AD&D Insurance
calculated as follows:
? For age 42 Monthly Contribution Rates
50,000 รท $1,000 = 50 Associate and spouse have the same rates.
? From the rate table
Rate per $1,000 Rate per $1,000
$0.016 per $1,000 coverage. Age of Coverage Age of Coverage
? Multiply 50 x $0.016 = $0.80 per month. Under 25 $0.07 50-54 $0.37
25-29 $0.09 55-59 $0.65
30-34 $0.11 60-64 $1.08
35-39 $0.12 65-69 $1.87
40-44 $0.16 70-74 $3.18
45-49 $0.22 Over 74 $5.30
Optional Supplemental AD&D Insurance $0.030 per $1,000
(Associate only)
Optional Supplemental Life Insurance $0.21 per $1,000
Dependent Child(ren) (covers all
dependent children)
Disability Benefits
Short Term Disability Leave
Short Term Disability hours are accrued at the end of
each anniversary year and cap at 1,040 hours. Hours
are paid out at 100% of your pay rate and may only be
used with prior approval from HR.
Long Term Disability Plan
Quarles automatically enrolls you in the Long Term
Disability Plan at no cost to you if you regularly work at
least 30 hours a week.
If you are disabled following a qualifying accident or
illness, you can apply for Long Term disability benefit
equal to 60% of your base pay. Benefit payments
begin after six months of continuous disability and end
at age 65 or you are no longer disabled as defined by
the plan.
13 2016-2017 Benefits Guide
