(224) 770−5305

BENEFITS & COSTS

IBEW Local 177

Summary of Benefits & Costs

Benefits are made available to full time, actively working Members of IBEW Local 177.

For quick and easy enrollment, call (224) 770−5305 (Mon-Fri 8am-5pm CT)

  Short-Term Disability (STD)

  • STD Option A pays a flat weekly benefit of $250 or $500 for up to 24 weeks
    – Pays on day 15 for injury or illness
  • STD Option B pays a weekly benefit of 66.67% of pre-disability earnings for up to 25 weeks
    – Pays on day 8 for injury or illness
  • Covers off the job disabilities resulting from injury or illness
  • Benefits paid are tax-free
  • Pre-existing conditions are covered after 12 months

STD OPTION A (FLAT RATE) MONTHLY PREMIUMS

Salary Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$40k and Up $2,000 $5.24 $6.34 $6.94 $9.66 $13.96 $17.76 $28.36 $31.80 $73.87

STD OPTION B MONTHLY PREMIUMS

Salary Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$40k $2,000 $3.43 $5.33 $7.73 $13.87 $23.40 $33.33 $51.07 $53.00 $75.47
$50k $2,500 $4.29 $6.67 $9.67 $17.33 $29.25 $41.67 $63.83 $66.25 $94.33
$60k $3,000 $5.15 $8.00 $11.60 $20.80 $35.10 $50.00 $76.60 $79.50 $113.20
$70k $3,500 $6.01 $9.33 $13.53 $24.27 $40.95 $58.33 $89.37 $92.75 $132.07
$80k $4,000 $6.87 $10.67 $15.47 $27.73 $46.80 $66.67 $102.13 $106.00 $150.93

  Long-Term Disability (LTD)

  • Pays after 180 day waiting period (starts when STD ends)
  • LTD Option A pays a flat $2,000 monthly benefit for up to 2 years
  • LTD Option B pays a monthly benefit of 60% of your pre-disability earnings for up to 5 years
  • Pre-existing conditions are covered after 12 months
  • Covers on and off the job disabilities resulting from injury or illness
  • Benefits paid are tax-free

LTD OPTION A (FLAT RATE) MONTHLY PREMIUMS

Salary Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$40k and Up $2,000 $5.24 $6.34 $6.94 $9.66 $13.96 $17.76 $28.36 $31.80 $73.87

LTD OPTION B MONTHLY PREMIUMS

Salary Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$40k $2,000 $3.43 $5.33 $7.73 $13.87 $23.40 $33.33 $51.07 $53.00 $75.47
$50k $2,500 $4.29 $6.67 $9.67 $17.33 $29.25 $41.67 $63.83 $66.25 $94.33
$60k $3,000 $5.15 $8.00 $11.60 $20.80 $35.10 $50.00 $76.60 $79.50 $113.20
$70k $3,500 $6.01 $9.33 $13.53 $24.27 $40.95 $58.33 $89.37 $92.75 $132.07
$80k $4,000 $6.87 $10.67 $15.47 $27.73 $46.80 $66.67 $102.13 $106.00 $150.93

  Life and Accidental Death & Dismemberment (AD&D)

Please note that Life/AD&D guaranteed amounts may be lower or not offered at future open enrollments for Members who do not enroll initially.

  • Guaranteed coverage for Member/spouse/children—no pre-existing condition limitations
  • Member coverage is available for $10,000 or $20,000 (spousal and child coverage available if Member life coverage is elected)
    – Spousal coverage is available for $5,000 or $10,000 (not to exceed 50% of Member’s election. Rates based on Member age.)
    – Children eligible for a flat $10,000 of coverage. One fee of $6.70 covers all dependents.
  • All Life coverage includes an equal amount of AD&D
    – If death is caused by an accident, the benefit doubles
  • Life coverage is convertible & portable
  • Coverage is 24/7 on and off the job

LIFE AND AD&D BENEFITS & MONTHLY PREMIUMS

Member

Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$10,000 $1.15 $1.25 $1.57 $2.18 $3.24 $5.17 $8.18 $10.76 $16.59
$20,000 $2.30 $2.50 $3.14 $4.36 $6.48 $10.34 $16.36 $21.52 $33.18

Spouse (Based on Member age. Not to exceed 50% of Member’s Life election)

Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$5,000 $0.35 $0.40 $0.56 $0.87 $1.40 $2.36 $3.87 $5.16 $8.07
$10,000 $0.70 $0.80 $1.12 $1.73 $2.79 $4.72 $7.73 $10.31 $16.14

Child(ren)

Benefit < 30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$10,000 All children/dependents are covered at one cost of $6.70

Call (224) 770-5305 to get premiums not listed above.

IMPORTANT NOTE: If you leave the union or retire it is your responsibility to contact our office immediately at (847) 387−3555. Failure to do so within 30 days will forfeit your ability to keep coverage and receive any premium refunds. Premium is determined by your age on the coverage effective date, and will increase on the next policy anniversary date after you enter the next age band. Benefit effective dates are subject to change. The union does not make any endorsement or recommendations regarding these benefits. This program is voluntary and it is solely the Members’ decision to enroll. Members are responsible for paying their own premiums. This is a basic summary of benefits and makes no guarantee or warranty on the processing of claims. Other limitations may apply. It is recommended that each enrolled Member obtain a copy and read the entire policy booklet. All non-banking administrative and transaction fees are included in the enclosed premiums.