Long Term Disability

Long Term Disability

Through the Standard Insurance Co., LTD provides disability income for covered individuals to assure regular income if they cannot work for an extended period of time because of a covered illness or injury.

  • LTD pays for 60 percent (up to $6,000) of a covered individual’s monthly pre-disability earnings, based on hourly rate of pay, after a 90-day benefit waiting period.
  • Benefits are coordinated with Workers’ Compensation, retirement benefits, Social Security and certain other types of deductible income.
  • Employees can combine accrued paid leave with their LTD benefit to bring their total disability benefit up to 100 percent of their pre-disability earnings. If paid leave and the LTD benefit combined are more than 100 percent of the employee’s pre-disability earnings, the LTD benefit will be reduced until the total benefit is equal to 100 percent.

You should know the following about this insurance option:

  • Employees can apply for LTD at any time during the year, but after their initial eligibility period coverage is subject to medical underwriting and Active at Work Requirements.
  • Premiums are based on the employee’s age and rate of pay and automatically adjust.
  • There is a 90-day benefit waiting period after you are disabled before any benefits are payable
  • Since LTD premiums are on an after-tax basis, any benefits you receive will not be taxed as income to you.
  • If an employee is on leave that qualifies as FMLA leave, he/she may restart this coverage without medical underwriting upon their return to work.

Coverage ends on the date of separation/retirement and cannot be continued when employment ends.

Contact Information
LTD Claims: 800-368-1135
Long Term Disability Brochure (PDF)

General Policy Information
Group Policy Number: 619352-G
Group Policy Effective Date: April 1, 2014
Certificate - Group Long Term Disability Insurance
Amendment No. 1 - Group Long Term Disability Insurance

For additional information, please visit: Standard Insurance Company.

 

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