Disability

If your absence from work because of an injury or illness is expected to exceed 5 days, you may be eligible for Short-Term Disability (STD) coverage, which enables you to maintain a portion of your salary.

Under STD, if you receive disability benefits from other sources (such as Social Security, State Disability Insurance, or Workers’ Compensation), your total monthly benefit from all sources is limited to 80% of your monthly covered salary.

Segal pays the full cost of coverage for employees in all offices except jurisdictions with mandated plans where both the Company and the employees contribute. 

If you've been totally disabled for longer than 180 days, the Long-Term Disability (LTD) Plan provides income replacement equal to a designated percentage of your annual covered salary. If you receive disability benefits from other sources (such as Social Security, State Disability Insurance, or Workers’ Compensation), your total monthly benefit from all sources is limited to 80% of your monthly covered salary.

  • Basic LTD Plan provides income replacement of 50% of the first $60,000 of salary. Segal provides enough flex credits for you to enroll in this coverage at no cost to you. 
  • Additional Low Option Plan provides income replacement of 50% of salary above $60,000 to a maximum covered salary of $180,000.
  • Additional High Option Plan provides income replacement of 60% of total covered salary up to $200,000.

Benefits received under Basic LTD are generally taxable if coverage is purchased on a before-tax basis and non-taxable if purchased on an after-tax basis. Your coverage contributions will be before-tax unless you elect for them to be after-tax. Under the Additional Low and High Option Plans, you pay for coverage on an after-tax basis.

This brochure contains information about the medical plan options and other benefits Segal Group offers. If any statements contained herein are inconsistent with applicable laws and regulations or official plan documents and contracts, those regulations and documents will govern. Segal Group reserves the right to amend or terminate any plan, at any time, for any reason. No provision of any benefit is to be considered a contract of employment between you and Segal Group.

© 2024-2025 by The Segal Group, Inc. The information in this overview offers only brief highlights of the 2019 benefits plans. In the event of a conflict between this overview and the plan documents or policies, the plan documents or policies will govern.