Protect Your Paycheck. Group Short-Term Disability Insurance helps protect your income when you can’t work due to eligible illnesses or injuries.
With WAEPA Group Short-Term Disability Insurance, you can continue to receive a paycheck for up to six months during recovery from a covered temporary illness or injury.
1 out of 4 20 year olds can expect to become disabled before reaching retirement age *
If you have a temporary illness or injury that could keep you out of work, Group Short-Term Disability Insurance from WAEPA will cover a portion of your paycheck for up to six months.
As a WAEPA member, you can apply for benefits of up to $6,500 a month to help replace your income while recovering from a short-term disability. This is limited to up to 60% of your average monthly income. The supplemental income will help create a safety net for you and your family.
This valuable protection is reserved for current and former Civilian Federal Employees between the ages of 18 and 65 who are actively working at least 30 hours a week.
WAEPA now offers QuickDecision underwriting for Short-Term Disability. Feds under 50 can secure coverage in minutes.
Receive a monthly income if a covered disability keeps you from working. Apply for benefits from $100 to $6,500, in $100 increments.
Choose a 14- or 30-day elimination period when you apply, and you only have to wait 14 or 30 days after becoming disabled before monthly benefits are paid out.
Benefits are paid directly to you, and are usable as you see fit. And, as long as you pay the monthly premiums yourself, benefits are tax-free**.
Answer health questions in your online application.
No waiting – get a decision within 30 minutes.
WAEPA now offers QuickDecision underwriting for Short-Term Disability Insurance applicants under age 50. Apply online and get a decision in minutes.
We’ve worked with New York Life Insurance Company to develop our exclusive protection for our members — and with good reason. For more than 175 years, American families have trusted New York Life to protect the financial future of those they love. It’s a company you can rely on. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer*.
*Third Party Rating Reports as of 11/17/2023.
This is protection that pays you a fixed monthly benefit, if a covered illness or injury keeps you out of work for up to six months. Coverage is issued by an insurance carrier (New York Life Insurance Company) to a policyholder (WAEPA) for the purpose of insuring the policyholder’s members. The economies of scale provide for competitive premiums.
This protection is reserved for current and former eligible Civilian Federal Employees between the ages of 18 and 65 who are actively working at least 30 hours a week. Eligible spouses of current and former Civilian Federal Employees may also apply for coverage as a WAEPA Associate Member.
It’s easy. You can apply online in a few short minutes. In some cases, a medical exam and/or copies of medical records may be required. If so, the exam will be performed by a medical examiner appointed by our insurance underwriter, New York Life Insurance Company, at no charge to you. We also cover the cost of obtaining copies of your records. It may take up to eight weeks to complete the application process and receive your Certificate of Insurance.
You can choose a monthly benefit amount from $100 to $6,500 a month in increments of $100. This amount can’t be more than 60% of your average monthly income when combined with the benefits you receive from any other source.
You can collect benefits for up to six months.
Benefits can begin after either 14 or 30 days. You decide the elimination period that’s right for you.
Yes, provided they are transitioning to a job actively working at least 30 hours per week and will have a W-2 from the new job. You may want to consider if your current coverage amount will still be applicable and confirm if you will have an STDI policy through your new job to prevent being over or under-covered, or duplicating benefits with your new employer.
The time period that begins when a disability first occurs and ends when you become eligible for benefit payments.
Underwritten by New York Life Insurance Company, 51 Madison Ave., New York, NY 10010 on Policy Form
GMR-FACE/G-30281-0.
*“What Is Short-Term Disability? How it Works, and When You Can Use It”, GoodRx Health, 2022.
**Consult a tax advisor for details around tax-free disability benefits.
***Benefits cannot exceed 60% of your average monthly income when combined with all other income benefits you receive from any other source. See other income benefits provision for more details. Consult a tax advisor for details around tax-free disability benefits.
****STDI is not currently available in: NV, OR, NH, VT, all U.S. Territories including Puerto Rico, Guam, U.S. Virgin Islands, etc.
*****Louisiana residents: please contact WAEPA Member Services at (800) 368-3484 for more information on applying for coverage.
*****Michigan residents: I understand that I may use a producer/agent to assist me with the completion of this application at no cost to me.
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New York Life Insurance Company
51 Madison Ave.
New York, NY 10010
NEW YORK LIFE and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company.
NAIC#66915
On Policy Form GMR
/G-30280-0; G-30281-0
New York Life is domiciled in the state of New York and is licensed/authorized to transact business in all 50 United States, the District of Columbia, Puerto Rico and Canada.
Last revised: 06/02/2024 at 06:46 AM
