Disability
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 |