Benefits & Costs
SMART-TD 171
Summary of Benefits & Costs
Your income is one of the most valuable assets. In fact, most railroad workers are the primary income earner for their family. Take advantage of this enrollment opportunity that allows you to supplement the standard benefits provided by the railroad. This helps ensure you and your loved ones are protected from any unexpected income loss.
Benefits are available to all full-time Members who are actively working.
For quick and easy enrollment, call (224) 770−5306 (Mon-Fri 8am-5pm CT)
Short-Term Disability (STD)
with 24/7 coverage
- Option A: flat weekly benefit of $400
– Benefit pays for up to 34 weeks.
– Pays on day 30 for injury or illness. - Option B: flat weekly benefit of $500
– Benefit pays for up to 37 weeks.
– Pays on day 15 for injury or illness. - Option C: flat weekly benefit of $900
– Benefit pays for up to 35 weeks.
– Pays on day 21 for injury or illness. - Pre-existing conditions are covered after 12 months.
- Coverage is not offset (reduced) by other benefits until 80% of pre-disability earnings are attained.
- Benefits paid are tax free.
- Covers on and off the job disabilities resulting from injury or illness
| STD OPTIONS | |||||||||||||
| WEEKLY BENEFIT | MONTHLY COST | ||||||||||||
| $400 | $56.00 | ||||||||||||
| $500 | $132.00 | ||||||||||||
| $900 | $191.00 | ||||||||||||
Long-Term Disability (LTD)
with 24/7 coverage
- Pays a flat $2,500 monthly benefit for up to 2 years.
- Pays after 268 day waiting period.
- Pre-existing conditions are covered after 24 months.
- Covers on and off the job disabilities resulting from injusr or illness
- Stackable with other benefits up to 70% of pre-disability earnings.
- Benefits paid are tax free.
| LTD OPTION | |||||||||||||
| MONTHLY BENEFIT | MONTHLY COST | ||||||||||||
| $2,500 | $43.25 | ||||||||||||
Life Coverage
with Accidental Death & Dismemberment (AD&D)
- Members currently not enrolled can elect coverage of $50,000 with no medical questions asked.
- Coverage includes an equal amount of Accidental Death and Dismemberment.
- Life coverage is convertible and portable.
- Spouse and Child Life coverage available when Member Life is elected (up to 50% of Member election).
- Spouses can be covered for $25,000
- Children can be covered at $15,000.
| MEMBER | |||
| BENEFIT | MONTHLY COST | ||
| $50,000 | $17.00 | ||
| SPOUSE* | ||||||
| BENEFIT | MONTHLY COST | |||||
| $25,000 | $8.50 | |||||
*Spouse costs are based on Member’s age.
| CHILD(REN) DEPENDENTS |
||||||||||||
| BENEFIT | MONTHLY COST | |||||||||||
| $15,000 | $3.00 | |||||||||||
For more detailed information, and to get costs for annual earnings amounts and rates not listed here, please contact the Enrollment Center at (224) 770-5306. Email at info@unionone.com.
Time Left to Enroll
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Enrollment Ends 11/18/22
Coverage Begins 12/1/22
IMPORTANT INFORMATION
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 refunds. Monthly cost 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. Your Union does not make any endorsement or recommendations regarding these benefits. This program is voluntary and 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 costs.
This is a summary of benefits; other limitations may apply. For more detailed information, please contact Union One at (224) 770-5306 or via email at info@unionone.com.
OFFSET EXPLANATION: Long-Term Disability (LTD) benefits are offset (reduced) if the combination of your monthly Railroad Retirement Board payments in combination with your Prudential LTD monthly benefits exceed the offset percentage for the benefits you select.
