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Pay & Benefits,Benefits,Disability,Physicians

Basic Long Term Disability (Physicians)

Basic Long Term Disability (Physicians) - Pay & Benefits, Benefits, Disability, Physicians

Focus

Benefit Summary

In the event of a long-term serious health condition resulting in a loss of income, UW Medical Foundation (UWMF) offers you long-term disability coverage.   Your UWMF income is insured by a group disability plan through The Hartford Insurance Company.  This group plan provides a benefit equal to 66-2/3% of your UWMF income, to a maximum monthly benefit of $20,000. 

The group plan insures you in your speciality and/or subspecialty as it pertains to your practice.  The premium for this plan is paid by you.  Any benefits you receive under this plan would be income tax-free, under current IRS and Wisconsin regulations.  The monthly premium is based on your salary; the current formula is Annual Salary x 1.25/ 100/ 12.  For newly hired physicians, the Annual Salary is determined from the appointment letter.  For subsequent years, the Annual Salary is determined by the prior year UWMF W2 salary (as long as one year of employment was completed during the tax year).

Benefit Eligibility

To be eligible for long term disability, you must have a 50% appointment or greater. Basic Long Term Disability is a mandatory benefit.

How to File a Claim

Contact Gallagher Benefit Services at (608) 274-8989 to initiate a claim for Long Term Disability benefits.  Gallagher will require the physician name and employer (University of Wisconsin Medical Foundation) to begin the claim intake process.  

This document is a brief summary of benefits. Details of the plan may be found in the official plan document and plan descriptions. If a conflict exists between this document and the official plan document, the official plan document shall rule.

Resources

Long Term Disability Plan Summary & Plan Documents

Long-Term Disability Plan Document - Physicians

Long Term Disability Summary of Coverage - Physicians

Long Term Disability FOrm

Long Term Disability Form - Physician