The Standard's Short Term Disability (STD) insurance plans are designed to provide coverage for total or partial disabilities resulting from physical disease, injury, pregnancy or mental disorder. STD insurance offers an attractive option for employers who wish to supplement a sick leave benefits program. The Standard's group STD insurance provides a variety of plan options to serve your clients' specific needs.
Key Features
Flexible benefit percentages: 40 to 70 percent of predisability earnings
Maximum benefit amount of up to $5,000 per week
Choice of maximum benefit periods: between three and 52 weeks
Choice of benefit waiting periods for accidental injuries: between zero and 31 days
Choice of benefit waiting periods for sickness or pregnancy: between three and 120 days
Choice of occupational, non-occupational, or 24-hour coverage
First day hospital benefit and daily hospital benefit options available
Employer FICA payment and W-2 tax reporting service available
"Zero-day" partial disability automatically included
No pre-existing condition limitation with most plans
Self-funding options for groups of over 250 insured lives that have LTD coverage with The Standard
