If you are an eligible full-time Team Member, Michaels offers disability insurance to replace part of your income if you are unable to work for an extended period of time.
Short-Term Disability (STD)
The STD plan provides income protection if you cannot work due to an illness or non-work-related injury. Michaels provides this benefit at no cost to all eligible full-time Team Members.
Team Members that have completed the waiting period and are working the required 32-hour average and are enroled in the plan can file a claim. To request a Leave of Absence or to file a disability claim, contact CBML at 844-636-9622.
|HeaderPercent of Earnings Replaced||Maximum Weekly Benefit||How Long Benefits Are Paid||Waiting Period|
|Header66.67% of weekly earnings||$1,000||Up to 17 weeks||7 consecutive days|
Vice Presidents and Above: Vice Presidents and above who become disabled are covered by the Executive Short-Term Disability Policy.
Long-Term Disability (LTD)
If you are eligible for Extended Health, LTD coverage is mandatory. After your STD benefits end, you may be eligible to receive LTD benefits.
|HeaderPercent of Earnings Replaced||Maximum Monthly Benefit||How Long Benefits Are Paid||Waiting Period|
|Header60% of base monthly earnings||$10,000||Until you reach age 65 or are no longer disabled||17 consecutive weeks|