DISABILITY INSURANCE

The loss of income due to illness or injury can cause serious financial hardship. Disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

Short-term disability insurance (STD)

• Coverage begins on the 8th day of injury or illness.
  
• Pays 66.67% of your pre-disability earnings*, up to a maximum of $2,771 per week.
  
• Benefits end after 13 weeks (90 days).
  
• * Pre-disability earnings are calculated as your current base salary.

Tools and Resources

Plan Documents

LonG-TERM DISABILITY INSURANCE (LTD)

• Coverage begins after you have been disabled for 13 weeks (90 days).
  
• Pays 66.67% of your pre-disability earnings*, up to a maximum of $12,000 per month.
  
• Benefits end once you reach Social Security Normal Retirement Age, if you are disabled prior to age 62. If you are disabled after age 62, benefits may be reduced.
• * Pre-disability earnings are calculated as your current base salary.

LTD buy-up

• For employees with annual wages more than $216,000, you have the option to purchase additional LTD coverage. The benefit is similar to the basic LTD plan as you will receive 66.67% of your pre-disability earnings. The buy-up plan enhances the basic LTD amount to increase the total maximum benefit up to $20,000 per month to help replace a portion of your income. Benefits begin after 90 days of disability or illness.

Cost to Employee

Monthly