Group Long Term Disability (LTD) Insurance
Core Long Term Disability (LTD) Insurance pays 50% of an employee's Base Monthly Salary, up to $3,000 per month, after a 90 day waiting period. Additional Long Term Disability (Buy Up Plan) is available.
- Core Disability Insurance: There are no charges to the employee for the Core LTD Benefit; it is 100% employer-paid.
- Additional Long Term Disability (Buy Up Plan) The charge for additional LTD benefits is a semi-monthly rate that is subject to change according to age and salary. The employee pays 100% of the cost of this coverage.
CORE DISABILITY INSURANCE
Who Is the Core and Additional Long Term Disability Insurer?
Hartford Insurance Company.
What is Core Long Term Disability (LTD) insurance?
Core LTD is an employer paid benefit that allows you to receive benefits if you become disabled and are unable to work for more than 90 days and have satisfactorily met medical verification. Your benefits will be equal to 50% of your base monthly salary up to $3,000 per month.
ADDITIONAL LONG-TERM DISABILITY
What is Additional Long Term Disability (LTD) insurance?
Additional LTD is a 100% employee paid benefit that allows you to receive benefits if you become disabled and are unable to work for more than 90 days and have satisfactorily met medical verification. In conjunction with your Core LTD insurance, your benefits will be equal to 66 2/3% of your base monthly salary up to $5,000 per month.
What are the rates? Will they change?
Your premium is determined by your age and salary. Current rates can be found at the bottom of this page.
Each year your premium may change if:
- Your age change moves you into a new age bracket; or
- Your salary change moves you into the next salary bracket.
GENERAL DISABILITY INSURANCE RULES
What Is Evidence Of Insurability?
Evidence of Insurability (EOI) pertains to certain medical standards a prospective insured must meet in order to be insured by an insurance company.
What Are The Evidence Of Insurability Rules?
The Evidence of Insurability (EOI) Rules are:
- EOI is not required when an employee's salary is increased.
- EOI is not required by a NEW EMPLOYEE who elects Additional LTD within 31 days of Eligibility Date.
- EOI is required by an Employee applying for Additional LTD for the first time outside of New Employee status.
If An Employee Becomes Disabled, How Long Prior To The Effective Date For Benefits Should An Employee Start To Complete Claim Forms?
An employee who expects their disability to be more than 90 days should contact Employee Health Benefits at Ext. 6419 at least 45 days prior to the expected Effective Date.
Is An Employee Required To Use Their Accrued Sick And/ Or Vacation Benefits During The 90 Day Waiting Period?
Yes. Any accrued Sick Leave or Sick Leave Bank must be used up to the 90 days.
If I Return To Work Prior To The 90 Days And Then Take A New Leave of Absence For The Same Condition Will My Original Leave Of Absence Count Towards The 90 Day Waiting Period?
Yes. A period of Disability is continuous even if you return to Active Service for up to 15 days during the Benefit Waiting Period.