Metlife, Inc. · NYSE:MET
Metlife — Conference Presentation (2021)
19 slides from Metlife's conference presentation, Oct 22, 2021
Slide 1: Short-Term and Long-Term Disability, State of Tennessee
Short-Term and Long-Term Disability State of Tennessee Insuring Your Income. Protecting Your Financial Security. 2021
Slide 2: Disability Insurance – State
Disability Insurance – State
Slide 3: Why Is Disability Income Insurance So Important?
WHY IS DISABILITY INCOME INSURANCE SO IMPORTANT? Replaces a percentage of income lost due to sickness, pregnancy or accidental injury Helps you to cover your essential living expenses if you are sick or hurt and cannot work. An example of expenses are car payments, mortgage payments, groceries, chil
Slide 4: Is Disability Insurance Right for Me?
IS DISABILITY INSURANCE RIGHT FOR ME? Disability insurance might be right for you if you: • Have little or no annual or sick leave saved up • Don’t have much in the way of savings or an emergency fund • Take part in high-risk activities NOTE: You must use all of your accumulated leave (sick, annual
Slide 5: Short-Term Disability (STD) Plan Highlights
SHORT-TERM DISABILITY (STD) PLAN HIGHLIGHTS Option A Option B All employees working not less than 30 hours/week; seasonal employees hired prior to July 1, 2015, with 24 months of service and certified by their appointing authority to work at least 1,450 hours per fiscal year Eligibility (July-June);
Slide 6: Short-Term Disability (STD) Plan Rates
SHORT-TERM DISABILITY (STD) PLAN RATES SHORT-TERM DISABILITY RATES STD COST: PER $100 OF MEMBER’S COVERED MONTHLY SALARY Option A: 60%, 14 day elimination period $0.41 Option B: 60%, 30 day elimination period $0.33 CALCULATE YOUR MONTHLY PREMIUM FOR SHORT-TERM DISABILITY For this example, we’re usin
Slide 7: Short-Term Disability - Examples
SHORT-TERM DISABILITY - EXAMPLES Payable Benefit Period Calculation – Short-Term Disability Examples 1. Disability Period - The period of time the member is deemed disabled per the plan definition. The disability period begins on the first day of disability and includes the elimination period and th
Slide 8: Condition A – requires 6 weeks to recover
Condition A – requires 6 weeks to recover Short-Term Disability Timeline – Plan Option A Situation Scenario: Payment details: • Member’s approved Disability Period = 6 weeks • 1 week Accrued Paid Leave from the State of TN • Member’s Accrued Paid Leave = 1 week • 4 weeks STD pay from the STD plan wi
Slide 9: Condition B – requires 30 weeks to recover
Condition B – requires 30 weeks to recover Short-Term Disability Timeline – Plan Option B Situation Scenario: • Member Payable Benefit Period = 25 calendar weeks • Member’s approved Disability Period = 30 weeks Payment details: • Member’s Accrued Paid Leave = 5 weeks • 5 week Accrued Paid Leave from
Slide 10: Short-Term Disability – Pregnancy FAQ's
SHORT-TERM DISABILITY – PREGNANCY FAQ’S Frequently Asked Questions about disability benefits due to pregnancy Is there a difference in the amount of disability time allowed for a cesarean delivery versus a normal delivery? Generally: •Normal vaginal delivery disability period is 6 weeks from date of
Slide 11: Short-Term Disability – Pregnancy FAQ's
SHORT-TERM DISABILITY – PREGNANCY FAQ’S Frequently Asked Questions about disability benefits due to pregnancy (Continued) What are some example disability claims due to pregnancy? (For illustrative purposes only.) Note: Disability Period minus Elimination Period = Benefit Period Benefit period minus
Slide 12: Long-Term Disability (LTD) Plan Highlights
LONG-TERM DISABILITY (LTD) PLAN HIGHLIGHTS Option 1 Option 2 Option 3 Option 4 All employees working not less than 30 hours/week; seasonal employees hired prior to July 1, 2015, with 24 months of service and certified by their appointing authority to work at Eligibility least 1,450 hours per fiscal
Slide 13: Long-Term Disability (LTD) Plan Rates
LONG-TERM DISABILITY (LTD) PLAN RATES LONG-TERM DISABILITY RATES LTD: EMPLOYEE’S AGE (PER $100 OF COVERED MONTHLY SALARY) AS OF SEPTEMBER 1 OF CURRENT YEAR Under 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70+ 30 Option 1, 60%, $0.12 $0.12 $0.23 $0.34 $0.43 $0.53 $0.63 $0.84 $0.56 $0.56 90 day e
Slide 14: It's Easy to Take the First Step
IT’S EASY TO TAKE THE FIRST STEP Enroll online in Edison ESS, with a full Statement of Health 1 during your enrollment period, October 1 – October 16, 2020 Once enrolled in Edison ESS, MetLife will mail you the full 2 Statement of Health medical form to be completed and submitted to MetLife for revi
Slide 15: Employee Communications
Employee Communications Sample Enrollment Information Packet 15 15 15
Slide 16: Statement of Health Form
Statement of Health Form Metlife National Accounts 0001 1200 Abemathy Rosa Butane 800, Sue 160 ‘lars, GASOG29 Il MetLife croup anes Matetan ite nsuanee Company feurentDate] ‘Grow Poloner: Sse of Tennessee sas sarhereoooannoanososoonnonue ral ret Aldea [Sts SF Si st coms HameitFersan adres co2000000
Slide 17: Resources
Resources Online tools and educational materials can be found on the State of TN microsite https://metlife.com/StateofTN which can also be linked to from the Partners for Health site July Aug Sept Oct The microsite acts as a repository for employees to access all disability related materials. Plan o
Slide 18: How to File a Claim
HOW TO FILE A CLAIM How to file a claim… Information we may need from the member... • Call the MetLife Claims Center at the dedicated • Personal Information - name, address, telephone number: 1-855-700-8001 number, Social Security number, Employee Identification Number and job title. • The Claims Ce
Slide 19: L0819517097[exp1021][All States][DC,GU,MP,PR,VI]
L0819517097[exp1021][All States][DC,GU,MP,PR,VI] © 2020 MetLife Services and Solutions, LLC Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166