Voluntary Short-Term Disability Insurance
Short-Term Disability insurance pays a percentage of your earnings should you become temporarily disabled, meaning that you are not able to work for a short period of time as a result of giving birth, sickness or injury.
- Coverage pays up to 60% of your weekly earnings.
- Maximum Benefit you can receive up to $1,000 per week based on your earnings.
- Your benefits begin on the 8th day after the illness began or the injury occurred.
- You pay 100% of the premium for this coverage through payroll deductions.
- Short-Term Disability benefits are payable for up to 13 weeks.
- If you do not enroll when first eligible, and elect this benefit at a later date, there will be an extended elimination period of sixty (60) days applied to sickness and maternity for the first 12 months of coverage.
- UKG Pro will assist in calculating the bi-monthly cost of Short-Term Disability coverage based on your age, earnings and benefit amount.
Voluntary Long-Term Disability Insurance
Long-Term Disability insurance (LTD) is an insurance policy that protects an employee from loss of earnings in the event that he or she is unable to work due to an illness, injury, or accident for a long period of time.
- Coverage pays up to 60% of your monthly earnings.
- Maximum Benefit you can receive up to $7,500 per month based on your earnings.
- Your benefits begin after 90 days of continuous disability.
- You pay 100% of the premium for this coverage through payroll deductions.
- Long-Term Disability benefits are payable until you are no longer considered disabled or you reach the maximum benefit period (applies to those over age 62).
- If you are enrolling after your initial benefit eligibility period, an Evidence of Insurability (EOI) health questionnaire will be required.
- UKG Pro will help you calculate your monthly and bimonthly cost of Long-Term Disability coverage based on your age, earnings, and benefit amount.
Voluntary STD Highlight Sheet
