Life is unpredictable, but your financial security doesn’t have to be. Monochrome Health offers a suite of voluntary benefits—conveniently paid through payroll deduction—that provide cash payouts, specialized coverage, and peace of mind when unexpected expenses arise.
If an injury, illness, or childbirth keeps you away from work, your regular expenses don’t stop. Provided through Lincoln Financial Group, Short-Term Disability acts as your paycheck protection, delivering a portion of your income directly to you so you can focus on recovery instead of your bills. Because this is a voluntary plan paid with post-tax payroll deductions, the benefit payments you receive are completely tax-free.
Key Details & Costs:
Estimated Cost
$0.55 per $100 of your covered weekly payroll. (You can view your exact per-paycheck cost in the enrollment portal).
Coverage Amount
Replaces 60% of your pre-disability base earnings, up to a maximum of $1,500 per week.
Benefit Duration
Benefits begin after a 7-day elimination period (waiting period) and can continue for up to 13 weeks.
Designed for extended illnesses or severe injuries, Long-Term Disability steps in right when Short-Term Disability ends. Also administered by Lincoln Financial Group, this coverage protects your long-term financial stability by providing a steady stream of income for months or even years. Whether you’re dealing with a chronic illness, a severe joint issue, or a long recovery from surgery, LTD ensures your family’s financial foundation remains secure.
Key Details & Costs:
Estimated Cost
$0.32 per $100 of your covered monthly payroll.
Coverage Amount
Replaces 60% of your monthly base salary, up to a maximum of $10,000 per month.
Benefit Duration
Benefits begin after a 90-day elimination period (which aligns with the end of your STD benefits) and can last up until your normal Social Security retirement age.
A major health diagnosis can come with unexpected out-of-pocket costs that standard medical insurance doesn’t cover—like travel for specialized treatment, childcare, or high deductibles. Provided by Lincoln Financial Group, Critical Illness Insurance pays a tax-free, lump-sum cash benefit directly to you upon the diagnosis of covered conditions, such as a heart attack, stroke, or severe cancer. You have total freedom to use these funds however you see fit.
Key Details & Costs:
Estimated Cost
Rates are age-banded and start as low as $4.50 per pay period for a $10,000 benefit.
Coverage Options
Choose a lump-sum benefit of $10,000, $20,000, or $30,000. Coverage is “guaranteed issue” during open enrollment, meaning no medical questions are asked.
Wellness Benefit
Earn a $50 cash reward every year just for completing your annual physical or a standard health screening.
In an increasingly digital world, protecting your personal data is just as important as protecting your health. Administered by Allstate Identity Protection, this benefit monitors your credit scores, financial accounts, and social media for signs of fraud. If your identity is compromised, you aren’t left to fix it alone—you are assigned a dedicated restoration specialist who will manage all the phone calls and paperwork to restore your identity completely.
Key Details & Costs:
Family Cost
$8.95 per pay period (covers you, your spouse, and dependent children up to age 26).
Features Included
24/7 dark web monitoring, 401(k) and bank account takeover alerts, and up to $1 million in identity theft insurance to cover legal fees and stolen funds.
Employee Only Cost
$4.95 per pay period.
Your pets are part of the family, and they deserve great healthcare, too. Through our partnership with Nationwide, you can enroll in comprehensive pet insurance that helps cover veterinary bills. Unlike human health insurance, there are no networks—you can visit any licensed veterinarian, emergency clinic, or specialist in the country, pay at the counter, and submit your receipt to Nationwide for quick reimbursement.
Key Details & Costs:
Estimated Cost
Premiums vary based on your pet’s breed, age, and your zip code, but all Monochrome Health employees receive an exclusive 10% group discount on their policy.
What’s Covered
Accidents, unexpected illnesses, surgeries, diagnostic tests, and prescription medications for dogs, cats, and select exotic pets. Optional wellness riders are available for routine shots and exams.
Reimbursement
Choose between 50% or 70% reimbursement levels after you meet your chosen annual deductible ($250 or $500).
Was this information helpful?