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.
You are automatically enrolled in the Long Term Disability (LTD) program on the first day of the pay period following 30 days as an eligible employee, unless you waive your participation. To waive coverage, you must complete a waiver card. The waiver card is available at New Employee Orientation or from the Human Resources Department (Benefits Unit). The waiver card is to be completed only if you do not want to participate in the LTD coverage.
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 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.