I’m A Highly Compensated Employee. Our Company Group Policy Pays Out 60% Of My Present Salary, But With A Payment “Cap”. What Does That Mean?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jul 16, 2021

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The term “cap” normally means a limitation on the maximum amount that could be received. You need to read the plan description to see if it is a limitation on how much monthly income you can receive or whether it is a limitation on the total amount you can receive during the period of your disability.

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