Life Insurance Albany Medical Center provides life insurance to all eligible employees. If death results from an accident, the beneficiary will receive an additional two times his or her basic annual earnings. Short-Term Disability Insurance Benefits are paid for a maximum of 26 weeks of disability during a 52 consecutive week period. The beneficiary will not receive payments for these days from the Medical Center's insurance carrier. Beneficiaries are allowed to use vacation time during the waiting period.
Coverage becomes effective after three months of employment.
Beneficiaries must apply for benefits. Payments are awarded up to age 65, until the person returns to work, or until death whichever occurs first if the disability begins before age 60. As a condition of defense and indemnification, covered individuals are required to cooperate in the reporting and defense of claims. The program is administered by the Risk Management Department of Albany Medical Center. Annual updates and self-assessment are performed by the Medical Center's Employee Health Service and are required for promotion.