The Flexible Benefits Program's Long-Term Disability (LTD) coverage works with other benefits you are eligible to receive, including but not limited to Social Security, workers' compensation, other disability plans and programs, including the State retirement systems. The plan assures that your combined disability benefits and income from other sources will equal 60% of your Benefit Salary up to $5,000 per month.
How long LTD benefits may be payable if you qualify for benefits, they will begin after you have been disabled for 180 calendar days and are reduced by any sick leave you use. LTD benefits end when you are no longer disabled or reach your Social Security Normal Retirement Age, except benefits for disabilities caused by mental disorders, substance abuse and other limited conditions will not be paid for more than two years. If you become disabled after reaching age 61, an age-graded maximum benefit period will apply.
NOTE: For claims initiated prior to January 1, 2014, benefits will end when you are no longer disabled or reach age 65.
Your cost for long-term disability coverage is based on your age, your FICA Status, Benefit Salary, and whether or not you are eligible for disability coverage through any State of Georgia retirement plan, and/or through Social Security.
LTD premiums are paid with after-tax dollars. Any benefits you receive are not considered taxable income.
The Standard Company Customer Service 1-877-641-7186.