Long Term Disability (LTD) insurance is designed to pay a monthly benefit to you in the event you cannot work for longer than 90 days because of a covered illness or injury. This LTD benefit replaces a portion of your income, helping you to meet your financial commitments in a time of need.
Even though this is an automatic benefit you still need to elect the coverage through the APEX Employee Self-Service Portal. You are eligible for coverage on the first day of the pay period following 30 days as an eligible employee, unless you waive your participation.
Employees will trade sick leave/PTO hours per pay period to purchase coverage. You may review the Long Term Disability Insurance Coverage Highlights for details.
If you file a claim and if your LTD claim is approved by The Standard, LTD benefits become payable at the end of the 90-day benefit waiting period. No benefits are payable during the benefit waiting period. The monthly LTD benefit is based on your earnings from Hennepin County. The lesser of 60% of your monthly earnings or 70% of your monthly earnings reduced by deductible income from other sources (i.e. Social Security, PERA). For answers to commonly asked questions, costs, exclusions, limitations and reductions, please review the Long Term Disability Insurance Coverage Highlights and Certificate of Insurance.