The Short-Term Disability (STD) and Long-Term Disability (LTD) plan options help provide partial replacement income against the unexpected. These plan options are administered by The Standard.
The Short-Term Disability plan option works in coordination with other deducted income to replace 60% of your Annual Benefit Base Rate (ABBR) during the plan year your disability began. Your STD benefits will be calculated using your ABBR up to an annual maximum salary of $86,684. You have a one-time opportunity during your new hire 31-day enrollment period to enroll in STD without being subjected to a late entrant penalty.
Short-Term Disability Highlights
Two STD plan options.
Option A – 7-Day benefit waiting period.
Option B – 30-Day benefit waiting period.
Benefits are not payable during the 7 or 30-day waiting period.
STD benefit is 60% of the first $1,667 Benefits Salary, reduced by deductible income.
Maximum weekly benefits of $1,000, before reduction by deductible income.
Premiums are post-tax deductions.
Long-Term Disability Highlights
The Long-Term Disability coverage works with other deductible income you are eligible to receive, including but not limited to Social Security, Workers ’Compensation, other disability plan benefits and programs, including State Retirement. The Plan assures that your combined disability benefits and deductible income from other sources will equal to 60% of your ABBR, up to $5000 per month. Your LTD benefits will be calculated using your ABBR, up to an annual maximum salary of $100,000. There is a minimum monthly benefit of $100.00.
180-day benefit waiting period.
LTD benefit is 60% of the first $8,333 of your benefit salary, reduced by deductible income.
Premiums are post-tax deductions.
Contact
Contact The Standard customer service at 1-888-641-7186 to help you determine your insurance needs.
