Insurance Services Benefits Presentation. Updated August 2014. Insurance Services. Office Hours : Monday-Friday 7:45-4:15 Edison Building: 615 7 th St SW Contact our office at any time with questions: Phone: 507-328-4280 Fax: 507-328-4213 Email:
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Office Hours: Monday-Friday 7:45-4:15
615 7th St SW
Contact our office at any time with questions:
Cost = 11¢ per $1,000 of coverage
Coverage amount is determined by your employment contract
Coverage over $50,000 will be subject to income tax
Example: $40,000 = 40 units x .11 = $4.40 per month premium (for your cost per month refer to your contract)
There is a 30 day open enrollment period for new employees for Life & Long Term Disability. This is the one time you can sign up for basic life & LTD with no additional health questions. If you wish to apply for any coverage at a later date you will be required to complete an additional form and coverage is at the discretion of Madison National Life.
Basic Long Term Disability
80% coverage after deductible for basic services
50% coverage after deductible for Major Services
Up to $1200 per calendar year maximum per person