MMC Benefits Handbook
Cost of Coverage
If you elect Long Term Disability Bonus Income coverage, you pay the full cost for coverage.
Age as of prior Dec. 1st
Annual Contribution as a % of Monthly Covered Benefit Amount
Under 25
1.5120%
25 to 29
1.7640%
30 to 34
2.2680%
35 to 39
3.5280%
40 to 44
4.7880%
45 to 49
6.8040%
50 to 54
8.5680%
55 to 59
10.8360%
60 and above
11.2560%
Cost Calculation Examples:
If your eligible bonus is $25,000, your coverage option is 100% and you are age 37, your cost is:
If you are paid semi-monthly:
  • $25,000 ÷ 12 months = $2,083.33 × 3.5280% = $73.50 (annual) ÷ 24 pay periods = $3.06 per semi-monthly paycheck
If you are paid weekly:
  • $25,000 ÷ 12 months = $2,083.33 × 3.5280% = $73.50 (annual) ÷ 52 pay periods = $1.41 per weekly paycheck
If your eligible bonus is $300,000, your coverage option is 50% and you are age 45, your cost is:
If you are paid semi-monthly:
  • $150,000 ÷ 12 months = $12,500 × 6.8040% = $850.50 (annual) ÷ 24 pay periods = $35.44 per semi-monthly paycheck
If you are paid weekly:
  • $150,000 ÷ 12 months = $12,500 × 6.8040% = $850.50 (annual) ÷ 24 pay periods = $16.36 per weekly paycheck
Where do I find enrollment information and my covered benefit amount(s) under each coverage option percentage?
 
Enrollment Information
Covered Benefit Amount(s) under each Coverage Option Percentage
Bermuda, Cayman Islands, Barbados
See your invitation letter.
Invitation letters are sent during the Annual Enrollment period (normally in October of each year).
See your invitation letter. Invitation letters are sent during the Annual Enrollment period (normally in October of each year).
Marsh McLennan
Go to Colleague Connect (https://mmcglobal.sharepoint.com/sites/home), click Pay & Benefits and select Aptia365 Benefits Enrollment Website under Benefits.
Go to Colleague Connect (https://mmcglobal.sharepoint.com/sites/home), click Pay & Benefits and select Aptia365 Benefits Enrollment Website under Benefits.
Will my cost change?
The cost of your Long Term Disability Bonus Income Plan coverage is based on your age as of the prior December 1st. As you get older, the incidence of disabilities increases, and the cost of providing coverage increases. Accordingly, your cost increases.
The amount of your eligible bonus and your elected covered coverage option percentage benefit amount will also impact your cost.
When will my cost change go into effect?
Your cost for Long Term Disability Bonus Income Plan coverage may change. Generally, these changes may occur each January 1.
The Company reserves the right to change the amount you are required to contribute at any time.
Taxes
Do I pay for coverage with before-tax or after-tax dollars?
You pay for your Long Term Disability Bonus Income Plan with after-tax dollars which are deducted from your paycheck.
Do I pay taxes on the long term disability payments I receive?
Your long term Disability bonus income benefit is not taxable.