Disability Insurance

 
Short Term Disability (STD) and Long Term Disability (LTD) Insurance provide an income replacement benefit in the event an employee is unable to work because of an eligible disability.

Coverage Highlights:

• Employees may choose to enroll in LTD only or to enroll in both STD and LTD. (To enroll in STD, employees must also be enrolled in LTD.)
• Both policies provide income replacement of 60% up to a maximum ($5,000 per week for STD and $25,000 per month for LTD).
• Benefits are only payable for employees living in the United States or Canada. Employees who would reside in another country if disabled should not enroll in this insurance.
• The period of time that an employee must be continuously disabled before benefits become payable (benefit waiting period) for STD is 90 days and 180 days for LTD. Benefits begin at the end of the benefit waiting period or once the employee has exhausted all sick leave accruals, whichever occurs later.
• An employee is considered disabled under the policy if, as a result of physical disease, injury, pregnancy or mental disorder:
• the employee is unable to perform with reasonable continuity the material duties of their own own occupation, during the first two years of disability; thereafter, unable to perform with reasonable continuity the material duties of any occupation for which the employee is qualified by education, training, or experience; or
• the employee suffers a loss of at least 20 percent of your indexed predisability earnings when working in your own occupation.
• Practicing Physicians are enrolled in a separate class of coverage that defines disability differently.
• STD does not cover occupational illnesses or injuries; LTD does cover occupational illnesses or injuries.
• See the policy certificate for detailed information, limitations and exclusions.
• Short Term Disability Certificate
• Long Term Disability Certificate

Premiums

• Premiums are based on the employee’s monthly compensation and University-funded retirement plan.
• The University makes a contribution toward the LTD premium for faculty and staff (other than practicing physicians) of $8 per month for full-time or $4 per month for part-time. (For full-time employees, the University’s LTD contribution covers the first $2,166.67 of monthly pay.)
• See the rate calculation sheet to estimate monthly premiums.

Enroll:

• Initial Enrollment Period – newly eligible employees may enroll with guaranteed issue through UBenefits during their first 90 days following date of hire – coverage begins on the date of hire.
• After Initial Enrollment Period - employees may apply for coverage The Standard's online application. Proof of good health will be required and additional documentation may be required.