Hess provides STD coverage at no cost to you. STD coverage replaces all or a portion of your pay if you become unable to work due to an illness or injury lasting more than five days. STD coverage will replace 100 percent of your annual base pay for the first 13 weeks, and then 60 percent of your annual base pay for the next 13 weeks. The maximum 26 weeks of STD benefits satisfies the 26-week waiting period for LTD.
Disability Insurance
Hess provides Short-Term Disability (STD) coverage and Long-Term Disability (LTD) coverage at no cost to you.

STD Coverage
LTD Coverage
Hess provides LTD coverage at no cost to you. LTD coverage replaces a portion of your pay if you become seriously ill or injured and cannot work for an extended period of time lasting more than 26 weeks.
For You
LTD coverage replaces 60 percent of your annual base pay up to a maximum benefit payment of $12,000 per month.
So, if your base pay is $240,000 or less, you’ll have coverage that replaces 60% of your base pay up to $12,000 per month. However, if your base pay is over $240,000, your monthly LTD benefit will be capped at $12,000.
To ensure tax-free payments if you become disabled, the company’s cost to provide LTD coverage is considered imputed income by the IRS.
Annual Base Pay
The definition of annual base salary depends on whether you are salaried or hourly, and does not include bonus or overtime pay. If you are a salaried employee, annual base salary is your annual salary. If you are an hourly employee, annual base salary is your hourly rate times 2,080 (52 weeks x 40 hours/week).