MMC Benefits Handbook
You must first qualify for benefits under the Basic Long Term Disability Plan* and the Optional Long Term Disability Plan in order to be considered for benefits under the Long Term Disability Bonus Income Plan.
If you elect this coverage and qualify for long term Disability benefits, your payments will begin under the Long Term Disability Bonus Income Plan beginning with the 7th month of an approved disability. The Plan will pay a monthly benefit equal to 60% of the covered benefit amount that you have chosen to cover, divided by 12. For example, if your covered benefit amount is $24,000, your monthly benefit would equal $1,200 ($24,000 times 60% divided by 12).
This Plan pays disability benefits regardless of any other disability income you may receive and is subject to the Long Term Disability Income Plan monthly maximum limit of $15,000.
* If you are employed by any entity in Bermuda, Optional Long Term Disability does not apply.
Benefits Payment Method
Monthly benefits are paid by the Claims Administrator by either check or direct deposit to a bank account you designate at the end of each month. If you elect to receive your benefit payment by check, your benefit payment will be mailed to your home address.
When do payments end?
Your payments will end on the earliest of the following:
- you cease to be disabled (as determined by the Claims Administrator)
- you die
- you reach age 65 (if your birthday is on the first of the month. Otherwise, payments continue until the end of the month in which you reach age 65.), unless you become disabled on or after age 62 (see the "Benefit Schedule Based on Age" for details)
- you reach the disability benefit limit for mental health and/or substance abuse
- after 30 months (including the first six months under the Short Term Disability Plan), unless you are unable to engage in duties of any substantial gainful employment for which you are reasonably qualified by education, training or experience (as determined by the Claims Administrator)
Payment Period Exceptions
There are exceptions to the normal payment period if:
Benefit Schedule Based on Age
How long are benefits paid if I become disabled on or after age 62?
If you become disabled on or after age 62, benefits will be paid according to the schedule below (based on your age at the time you became disabled):
- age 62, benefits will be paid up to a maximum of 3-1/2 years
- age 63, benefits will be paid up to a maximum of 3 years
- age 64, benefits will be paid up to a maximum of 2-1/2 years
- age 65, benefits will be paid up to a maximum of 2 years
- age 66, benefits will be paid up to a maximum of 1-3/4 years
- age 67, benefits will be paid up to a maximum of 1-1/2 years
- age 68, benefits will be paid up to a maximum of 1-1/4 years
- age 69 or older, benefits will be paid up to a maximum of 1 year.