New temporary disability benefit provides ministers with valuable protection and peace of mind
October 16, 2020
The Temporary Disability Plan — new for 2021 — provides financial protection for those in Pastor's Participation and Minister's Choice. Here's how you could benefit from this new coverage.
If you're enrolled in Pastor's Participation or Minister's Choice beginning January 1, 2021, you will automatically be covered by the
Temporary Disability Plan — a valuable new addition to the benefits packages for ministers. There's no cost to you; your employer pays the cost as part of your benefits package.
The Temporary Disability Plan provides financial protection to help pay bills and other expenses when you can't work because of an illness or injury lasting up to 90 days. This new plan also provides an important financial bridge between the beginning of a disability and when disability benefits through the Death and Disability Plan may begin (after 90 days of disability).
Highlights of the Temporary Disability Plan
There is a 14-day waiting — or elimination — period. This means the plan does not pay benefits during the first 14 days of illness or injury. You may have sick time, vacation days, or another way to replace your income during this time.
After the 14-day waiting period, the plan will pay a weekly benefit of up to 60 percent of your effective salary (up to $285,000) up to the 90th day of your disability.
Other benefits through the Board continue while you receive temporary disability benefits.
You don't have to submit a health statement to be covered, and there is no pre-existing condition limitation, which means that a previous illness or injury won't affect any benefits paid.
The Temporary Disability Plan is administered by the Lincoln Financial Group. Lincoln pays the weekly benefit and coordinates with your doctor and any other income sources you may receive.
You report your illness or injury directly to Lincoln by phone or online. For a scheduled absence, such as elective surgery for a knee replacement, for example, you may apply for benefits up to 30 days before the first day you are absent from work.
Because we partner with Lincoln Financial for all disability programs, if you need to transition to long-term disability benefits through the Death and Disability Plan, the administrative process is smooth.
Questions about this new benefit? Call the Board of Pensions at 800-773-7752 (800-PRESPLAN).