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If You Do Not Enroll
Generally, if you do not enroll in Group LTD coverage, your participation and coverage in the JPMorgan Chase benefit plans will end when your benefits under the Short-Term Disability Plan end and you do not return to work (or when you terminate if you are denied benefits under the Short-Term Disability Plan), if:
  • Your total annual cash compensation is $60,000 or more and you choose not to enroll in Group LTD coverage (or the IDI Plan, if you are eligible), or
  • You enroll in Group LTD coverage but are denied benefits under the plan,
  • You do not elect Group LTD but enroll in IDI coverage and are denied disability benefits, or
  • You are not on approved additional leave as a reasonable accommodation under the Accommodating Disabilities and Temporary Work Restrictions Policy. For details, go to me@jpmc > HR Policies > Leaves of Absence > Short-Term Disability
These benefits include subsidized medical and dental coverage, vision benefits, basic life insurance (and other life insurance, if enrolled at the time of your disability) and group legal.
In addition, if you do not enroll for Group LTD coverage when you are first eligible and then later choose to elect and are approved for coverage, you will not be covered for a claim due to a condition that predates your coverage effective date (see "Pre-Existing Condition Exclusion").