New Disability Vendor
Zurich American Life Insurance Company (Zurich), a New York domestic life insurance company, will become the insurer for the group short-term disability (STD) and long-term disability (LTD) insurance policies, effective January 1, 2020.
Next Steps and Key Dates
- Employers will receive a confirmation letter showing their disability insurance policy selection, or default plan placement (for those who did not make a selection during the enrollment period)
- If you elected to offer employee-paid (voluntary) disability coverage, your employees will need to make an enrollment decision between November 19 – December 31, 2019. A link to the enrollment form will be included in your confirmation letter.
- Administrators may enroll eligible employees in employer-paid plans using MLPS beginning December 3, 2019
- The effective date of coverage is January 1, 2020
Want more information? Make sure to register for the November 19 Disability Update Webinar #2, and watch the replay of our Disability Update Webinar #1 .
All communications regarding the change will also be posted in Documents & Mailings. Check there for anything you may have missed!
1 Policy Number: CNYEX01112