SMART-TD is pleased to announce that the open enrollment for the Voluntary Long-Term Disability (VLTD) and Voluntary Group Life (VLIFE) insurance plans has begun. This will be the only opportunity this year for members to get protected.
The last date for enrollment is Aug. 23, 2024, to be covered for a Sept. 1, 2024, effective date. This opportunity is open only to members who are not current participants in the SMART-TD VLTD or VLIFE programs.
Coverage highlights
VLTD
Protects members’ income if they cannot work due to injury, illness or surgery.
Tax-free benefits — no medical exams/questions required to enroll.
Up to $5,000 of monthly benefits for up to 5 years.
Benefits start paying after the SMART VSTD stops — 238 days for rail members and 365 days for bus members.
VLIFE
Members can elect up to $250,000 with no medical exams/questions required.
Benefits double in the event of an accidental death.
Recently, you may have received (or may receive) a letter from Amalgamated stating that you can keep your coverage with Amalgamated on an individual basis by setting up “a direct payment arrangement through your checking account” with them. While you may stay covered by Amalgamated if you prefer, you will automatically remain covered by the SMART-TD Voluntary Disability Plan with Sun Life. SMART-TD will continue payroll-deducting your monthly VLTD premium and will remit those premiums to Sun Life on your behalf, so nothing is required of you to remain covered.
Below is important information for your reference:
Enrolled SMART-TD members have been covered by Sun Life since March 1, 2023.
Your monthly payroll deducted premiums have been paid to Sun Life and your coverage is current.
Members covered by the new Sun Life plan do not owe Amalgamated any premiums.
If you are currently on a claim with Amalgamated, you will maintain your monthly benefits through Amalgamated for the duration of your claim.
If you have any questions, please contact the SMART TD Customer Service Center at 224-770-5328.
SMART Transportation Division members now have the chance to get up to five times the guaranteed coverage in the Union’s new VLTD plan.
Beginning March 1, 2023, Sun Life Financial will administer the VLTD Plan and provide the 24-hour coverage plan participants enjoy now, with up to $5,000 of guaranteed approved tax-free coverage.
In the coming days, members with the current Amalgamated plan will be receiving a detailed summary of benefits & rates, which will outline the new plan design and provide updates on premiums, to be effective March 1, 2023. If you have any questions, please direct them to the SMART VLTD customer service hotline at (224) 770-5328.
As information, disability claims filed prior to March 1, 2023, will continue to be handled and underwritten by Amalgamated.
Sun Life VLTD Plan Highlights(Current Amalgamated enrollees)
• Guaranteed continuation of coverage at existing amount
• 12-month pre-existing condition clause is being transferred to Sun Life (time on Amalgamated plan will be honored).
• 2-year and 5-year benefit durations will be offered by Sun Life. – Maximum Monthly Benefit ranges from $1,000 to $5,000.
• 24-hour coverage (members are covered for both on- and off-duty incidents)
• Stackable with other benefits (including RRB sickness benefits) for up to 80% of pre-disability earnings
• Benefits are not subject to repayment upon receipt of FELA and/or personal injury settlements.
• Benefits paid are tax-free.
• Benefits begin after 238 days (Rail) & 365 days (Bus), matching the duration of the SMART Voluntary Short Term Disability (VSTD) plan, so there is no gap in coverage for members who are enrolled in both plans.
• Premiums will increase as members age.
• Benefits are not portable (SMART-TD members-only benefit).
• Mental illness & substance use benefits are increased to 12 months (previously limited to 3 months for mental illness, and 15 days for substance use).
For members who are not currently enrolled, an Open Enrollment is planned in the coming months. Additional details will be announced once those dates are confirmed.
Sun Life VLTD Plan Highlights(New enrollees)
• Sun Life will offer two open enrollments per year – First open enrollment planned for spring 2023 and another in fall.
• 2-year benefit duration – Guaranteed approved enrollment for up to $2,000 in monthly benefits – Maximum monthly benefit of $2,000
• 5-year benefit duration – Guaranteed approved enrollment for up to $5,000 in monthly benefits – Maximum monthly benefit of $5,000
• 24-hour coverage (members are covered for both on- and off-duty incidents)
• Stackable with other benefits (including RRB sickness benefits) for up to 70% of pre-disability earnings
• Benefits are not subject to repayment upon receipt of FELA and/or personal injury settlements.
• Benefits paid are tax-free.
• Benefits begin after 238 days (Rail) & 365 days (Bus), matching the duration of the SMART Voluntary Short Term Disability (VSTD) plan, so there is no gap in coverage for members who are enrolled in both plans.
• Premiums will increase as members age.
• Benefits are not portable (SMART-TD members-only benefit).
• Mental illness & substance use benefits are increased to 12 months (previously limited to 3 months for mental illness, and 15 days for substance use).
• Pre-existing conditions covered after 12 months of enrollment in the plan.
