2-Attachment 3 FLVS Life and DI RFP Plan Deviations 2026.xlsx

This is a plan deviations document for Florida Virtual School's (FLVS) insurance offerings, detailing proposed changes to group term life, accidental death and dismemberment (AD&D), short-term disability (STD), and long-term disability (LTD) plans administered by Lincoln Financial Group. The document outlines current and proposed benefit structures across multiple employee classifications, including full-time employees, retirees, spouses, and children. For basic life insurance, Class I full-time employees are proposed to maintain $40,000 coverage with AD&D benefits equal to the life amount, while retirees receive $10,000 with a benefit reduction schedule beginning at age 65. Voluntary life insurance allows employees to elect coverage in $10,000 increments up to a maximum of 5x annual earnings or $500,000, with a $200,000 guarantee issue amount and spouse coverage available in $5,000 increments up to $100,000. The document specifies elimination periods, benefit maximums, and coverage continuation provisions across all plan types.

The STD plan maintains a 66.67% benefit replacement ratio with an increase in the maximum weekly benefit from $250 to $1,000, while retaining a seven-day elimination period for illness and zero-day elimination for injury. The LTD plan provides 60% wage replacement up to a maximum of $6,000 monthly with a 180-day elimination period and benefits extending to the later of Social Security Normal Retirement Age or age 65, featuring 24-month own occupation continuation and a 99% earnings test for the first 24 months. All plans include waiver of premium provisions, continuation of coverage, and pre-existing condition limitations of 3/6 months for STD and 3/12 months for LTD. Value-added services such as travel assistance, will preparation, identity theft protection, and grief counseling are included across the basic life and voluntary life offerings.