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Income Protection Benefits

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Glossary of Terms

Glossary of Terms

MarineMax offers disability coverage to protect you against an unfortunate or debilitating accident or illness. This insurance protects a portion of your income until you can return to work, or until you reach retirement age.

Short Term Disability (STD) Insurance

Short Term Disability (STD) benefits are available to you on a voluntary basis. STD insurance protects a portion of your income if you become disabled for a short period of time. It replaces 60% of your income up to a maximum weekly benefit of $1,000. You must be sick or disabled for a period of 7 days before you can receive benefits, and payments may last up to 180 days. Certain exclusions, along with pre-existing conditions, may apply. Please refer to the Summary Plan Description for details.

Short Term Disability

(STD) Insurance Coverage - Paid by You

Eligibility: Active, full-time Team Members of MarineMax regularly working a minimum of 30 hours per week.

Eligibility Waiting Period: You are eligible for benefits on the first of the month following 60 days of full-time employment.

Benefit Amount: Up to 60% of your weekly coverage earnings

Weekly Benefit

Maximum: $1,000 per week

Elimination Period You must be continuously disabled for 7 days from accident or 7 days from sickness.

Benefit Duration

Once you qualify for benefits under this plan, you continue to receive them until the end of the 25 week benefit period, or until you no longer qualify for benefits, whichever occurs first.

Long Term Disability (LTD) Insurance

Long Term Disability (LTD) is available to you on a voluntary basis. LTD insurance protects a portion of your income if you become disabled for a period of time. This insurance replaces 60% of your income up to a maximum of $8,000 per month. You must be sick or disabled for a period of 180 days before you can receive a benefit payment. Payments will last for as long as you are disabled or until you reach your Social Security Normal Retirement Age, whichever is sooner. Certain exclusions, along with pre-existing conditions, may apply. Please refer to the Summary Plan Description for details.

Long Term Disability (LTD) Insurance Coverage - Paid by You

Eligibility: Active, full-time Team Members of MarineMax regularly working a minimum of 30 hours per week. Eligibility Waiting Period: You are eligible for benefits on the first of the month following 60 days of full-time employment.

Monthly Benefit (Non-Executive/Director)

Monthly Benefit (Executive/Director)

Benefit Amount: Up to 60% of your monthly covered earnings

Maximum: $8,000 per month

Benefit Amount: Up to 60% of your monthly covered earnings

Maximum: $12,000 per month

Benefit Duration Until SSNRA Social Security normal retirement age How

View LTD Benefit Summary on Jostle.

View LTD Executives & Directors Benefit Summary on Jostle.

How to Create an Evidence of Insurability (EOI).

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