Coverage at a Glance
STD Coverage
Eligibility
  • Active full-time employees scheduled to work 40 hours per week
  • Active part-time employees scheduled to work 20 hours per week
Cost for Coverage
  • Stryker pays the full cost of your STD coverage. You do not contribute toward the cost of STD coverage
Enrollment
  • Eligible employees are automatically enrolled for STD coverage as of their date of hire
When Coverage Ends
  • Generally, coverage under the STD plan ends on the earliest of the following:
    • The date you leave Stryker
    • The date you're no longer actively employed
    • The date the plan is terminated
Weekly Benefit
  • Exempt employees: Weekly benefit equal to 100% of weekly earnings
  • Non-exempt employees: Weekly benefit equal to 60% to 100% of weekly earnings (if you are a non-exempt:
    • For the first 56 days of disability: 100% of your pre-disability earnings
    • For days 57 to 180: 60% of your pre-disability earnings
  • Benefits are reduced by the amount of any other income benefits, such as state disability or workers' compensation
When Benefits are Payable
  • Benefits are payable beginning on the:
    • Eighth day of your total disability due to sickness
    • First day of total disability due to an accident, outpatient surgery, or a hospital stay
How Long Benefits Last
  • Generally, benefits are payable for up to:
    • 173 days if disability is due to sickness
    • 180 days if disability is due to an accident
LTD Coverage
Eligibility
  • Active full-time employees scheduled to work 40 hours per week
Cost for Coverage
  • Stryker pays the full cost of your LTD coverage. You do not contribute toward the cost of LTD coverage
Enrollment
  • Eligible employees are automatically enrolled for LTD coverage as of their date of hire
When Coverage Ends
  • Generally, coverage under the LTD plan ends on the earliest of the following:
    • The date you leave Stryker
    • The date you're no longer actively employed (including temporary layoff or leave of absence) or become otherwise ineligible
    • The date the plan is terminated
Monthly Benefit
  • Disability income equal to 60% of your monthly pre-disability earnings, up to $15,000 a month as defined by the plan rules
  • Benefits are reduced by the amount of any other income benefits, such as worker's compensation, no fault disability insurance, Social Security disability, veteran's benefits, and state disability
When Benefits are Payable
  • Benefits are payable beginning on the 181st day of your total disability, provided you are under the regular care of a physician and have an approved disability
How Long Benefits Last
  • Generally, benefits are payable up to the earlier of the date:
    • You are no longer totally disabled as defined by the plan
    • Your current pay exceeds 80% of your indexed pre-disability earnings
    • You reach your normal retirement age (rules vary if you are age 64 or older when you become totally disabled)
    • You die