Benefits - Income Protection

Income Protection programs offer employees the opportunity to replace their income during periods of disability.

 

Henrico County Public Schools’ Short Term Income Protection (STIP) program is administered by Aetna and coordinates with HCPS leave balances. Employees can elect to purchase coverage for waiting periods of 42 days, 28 days or 14 days. Participating employees may use either their HCPS leave or Aetna STIP benefits during an absence of 90 days or less. STIP benefits provide 60% of an employee’s salary.

 

Henrico County Public Schools’ Long Term Income Protection (LTIP) program is administered by the County of Henrico, General Government’s Human Resources Benefits Division for employee absences beyond 90 days. Full-time employees who have completed six months of employment are members in the LTIP program. Henrico County provides coverage for up to a $50,000 annual salary at no charge. If your salary is above $50,000 and you have been employed at least six months, you may be eligible to purchase additional coverage for the remainder of your salary. Long-term income protection benefits provide 60% of an employee’s salary.

 

Short Term Income Protection: 10-Month Employee Rates 11-Month Employee Rates 12-Month Employee Rates STIP Enrollment Form Instructions for Filing an Aetna Short Term Income Protection (STIP) Claim Evidence of Insurability Form (EOI) Fact Sheet Brochure Summary of Benefits

Long Term Income Protection: Brochure Claim Form LTIP Enrollment Form Evidence of Insurability Form Fact Sheet