BENEFITS & COSTS
IBEW Local 613
Summary of Benefits & Costs
Coverages are guaranteed approved for all actively working/dues paying Members of IBEW Local 613.
For quick and easy enrollment, call (224) 770−5305 (Mon-Fri 8am-5pm CT)
Short-Term Disability (STD)
- Coverage is available from $200-$500 weekly (in $100 increments)
- Benefit pays for up to 24 weeks
- Pays on day 15 for injury or illness
- Pre-existing conditions are covered after 12 months
- Covers off the job disabilities resulting from injury or illness
- Stackable with other benefits up to 100% of pre-disability earnings
- Benefits paid are tax-free
SHORT-TERM DISABILITY MONTHLY PREMIUMS
| Weekly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||
| $200 | $13.00 | $19.00 | $27.00 | $43.00 | $63.00 | |||||
| $300 | $18.00 | $27.00 | $39.00 | $63.00 | $93.00 | |||||
| $400 | $23.00 | $35.00 | $51.00 | $83.00 | $123.00 | |||||
| $500 | $28.00 | $43.00 | $63.00 | $103.00 | $153.00 | |||||
Long-Term Disability (LTD)
- Option A pays a flat $2,000 monthly benefit for up to 2 years
- Option B: $3,000 – $5,000 per month (in $1,000 increments) for up to 5 years
- Pays after 180 day waiting period (starts when STD ends)
- Pre-existing conditions are covered after 12 months
- Coverage is 24/7 on and off the job for disabilities resulting from injury or illness
- Offset by other benefits
- Benefits paid are tax-free
LONG-TERM DISABILITY – OPTION A (FLAT RATE) MONTHLY PREMIUMS*
| Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||
| $2,000 | $6.00 | $9.00 | $15.00 | $29.00 | $53.00 | |||||
*Cannot exceed 60% of pre-disability earnings.
LONG-TERM DISABILITY – OPTION B MONTHLY PREMIUMS**
| Monthly Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |||||
| $3,000 | $10.50 | $22.50 | $48.00 | $108.00 | $153.00 | |||||
| $4,000 | $13.00 | $29.00 | $63.00 | $143.00 | $203.00 | |||||
| $5,000 | $15.50 | $35.50 | $78.00 | $178.00 | $253.00 | |||||
**Pays 60% of your earnings for up to 5 years. Annual earnings include your total compensation for the year including overtime. Benefits are subject to offsets.
Life and Accidental Death & Dismemberment (AD&D)
- Guaranteed coverage for Member/spouse/children—no pre-existing condition limitations.
- Life coverage includes equal amount of AD&D. If death is caused by an accident, benefit doubles.
- Member coverage is available at $10,000-$250,000 (in $10,000 increments – spouse/child coverage available if Member life is elected)
- Spousal coverage is available at $5,000-$50,000 (in $5,000 increments – not to exceed 100% of Member’s election. Rates based on Member age.)
- Children eligible for a flat $10,000 of coverage. One fee of $2.91 covers all dependents.
- Life coverage is convertible & portable
- Coverage is 24/7 on and off the job
LIFE / AD&D MONTHLY PREMIUMS
| Member Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | ||||||
| $10,000 | $3.24 | $3.51 | $4.40 | $8.14 | $14.72 | ||||||
| $50,000 | $8.20 | $9.55 | $14.00 | $32.70 | $65.60 | ||||||
| $100,000 | $14.40 | $17.10 | $26.00 | $63.40 | $129.20 | ||||||
| $150,000 | $20.60 | $24.65 | $38.00 | $94.10 | $192.80 | ||||||
| $200,000 | $26.80 | $32.20 | $50.00 | $124.80 | $256.40 | ||||||
| $250,000 | $33.00 | $39.75 | $62.00 | $155.50 | $320.00 |
| Spouse Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | ||||||
| $5,000 | $2.62 | $2.76 | $3.20 | $5.07 | $8.36 | ||||||
| $25,000 | $5.10 | $5.78 | $8.00 | $17.35 | $33.80 | ||||||
| $50,000 | $8.20 | $9.55 | $14.00 | $32.70 | $65.60 |
Child(ren)
| Child(ren) Benefit | Age < 30 | Age 30 – 39 | Age 40 – 49 | Age 50 – 59 | Age 60 – 69 | |
| $10,000 | All children/dependents are covered at one cost of $2.91 | |||||
Call (224) 770-5305 to get premiums not listed above.
Time Left to Enroll
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Enrollment Ends 6/17/2022
Coverage Begins 7/1/2022
IMPORTANT NOTE: If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387-3555. Failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds. Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Benefit effective dates are subject to change. The union does not make any endorsement or recommendations regarding these benefits. This program is voluntary and it is solely the Members’ decision to enroll. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums.
(224) 770−5305