Short Term Income Protection
Underwritten by American Fidelity Assurance Company
HSTA members are eligible for many additional insurance programs like the program offered on this page. Take advantage today!
Short Term Income Protection (STIP) for HSTA Members Only
Some startling statistics:
|Motor vehicle crashes cause fatalities every 12 minutes and cause a disabling
injury every 14 seconds.
|Almost 30% of today's 20 year olds will become disabled before reaching age 67.
|Women between the ages of 35 and 65 are 40% more likely to become disabled for
90 days or more.
|The odds of a mortgage foreclosure due to disability are 16 times greater than
the risk of foreclosure due to death.
If the unthinkable happens and you are temporarily laid up, and you depend on your paycheck to meet your
monthly obligations like rent/mortgage, gas, car payments, day care, insurance, and groceries, you will be
okay if you already enrolled in the VEBA Trust Short Term Income Protection Plan.
If you are temporarily disabled and cannot work, HSTA VEBA's Short Term Income Protection Plan coverage will
kick in, making sure you are never left in the lurch.
What is Short Term Income Protection?
Short Term Income Protection is assistance when you lose your earning power due to injury or illness. If you
depend on your paycheck for your daily living expenses, you need to consider a solid, short-term income
protection plan that helps to pay your basic expenses while you're temporarily disabled (i.e., pregnancy).
It is valuable protection against the "what ifs" in life.
Why should I consider Short Term Income Protection?
Everyone can use peace of mind knowing that an unexpected turn of events will not change their independent
lifestyle. But consider that:
|Health insurance will cover medical costs but will not replace lost income.
|Workers' Compensation will only cover accidents and injuries that occur on the job.
|Your savings can be drained quickly by the costs of an injury or illness.
If you're like most people, your paycheck is your most valuable asset. Protect it with the VEBA Trust Short
Term Income Protection plan.
Teachers can choose:
- To protect up to 60% of their monthly salary. (Determined by dividing your annual base salary, exclusive
of overtime pay, weekend, or summer work compensation, or other bonuses of benefits, by 12)
- To receive their benefit payment for either 90 days or 180 days
Download benefit schedule
All active HSTA members who are actively employed in the field of education working a minimum of 17.5 hours
per week are eligible. Associate, Retired, and Student members are not eligible, nor are substitute teachers.
Proof of good health may be required to be eligible for disability coverage. We will rely on answers given
on your application to determine if coverage can be issued. Regardless of your health at the time of
application, if coverage is approved and issued, claims incurred while coverage is in force will be subject
to all terms of the Policy.
Proof of good health is not required if a member applies within 90 days of employment or during a pre-approved
open enrollment period.
To make it easy, premiums for this insurance package are automatically payroll deducted.
Filing a claim
Contact the HSTA VEBA TRUST office if you must file a claim for Short Term Income Protection.