What's New

	Disability Insurance Rate Reduction Notice Effective July 1, 2023: Premium rates will be reduced for the CTA-endorsed Voluntary Disability insurance plan starting July 1, 2023. Coverage will remain the same and will continue to include the additional Student Loan and Cancer Benefits for eligible members, and access to the Summer Benefit1 provided by CTA. Learn More
	Summer Benefit with CTA-endorsed Disability Insurance Effective September 1, 2022: CTA is happy to provide a Summer Benefit.1 When this new benefit takes effect, it will provide insured members extra protection during the months of June and July for Disabilities that occur on or after September 1, 2022 - even if members aren't scheduled to work! They'll receive a benefit of $500 per week, up to a maximum of $4,500 per year for up to two Benefit Years.1 Learn More
	CTA-endorsed Disability Insurance Plan Enhancements Effective September 1, 2022: Disability Benefit Increased: from up to 75% of regular daily contract salary to up to 80% of regular daily contract salary, less any sources of deductible income.2   Cancer Benefit Increased: from up to $200 per month (maximum of $1,000) to up to $400 per month (maximum of $2,400) for eligible members on an approved disability claim due to cancer.  Members must meet all eligibilty requirements for CTA-endorsed Disability insurance.
	CTA-endorsed Life Insurance Plan Enhancements Effective July 1, 2022: Increased Guarantee Issue Amount For Special Enrollment Opportunities: Members eligible for certain special enrollment opportunities may enroll in up to $400,0003 of Guarantee Issue Life insurance (previously $200,000)as a Newly Hired member, or one who has experienced a Family Status Change. Members may also purchase up to $50,0003,4 of CTA-endorsed Life insurance (previously $30,000) for their Spouse/Domestic Partner during these opportunities. Members must meet all eligibility requirements for CTA-endorsed Life insurance.

 

 

 

 

 

 

 

1 Summer Benefit is offered by CTA to eligible members who meet the Definition of Disability with a Disability date on or after 9/1/2022 who meet additional specific criteria. Summer Benefit is only payable during the calendar months of June and July, for up to two Benefit Years for each instance of qualifying Disability. Summer Benefit is not provided under the Voluntary Disability insurance policy. CTA provides this benefit at no extra cost, and The Standard acts only as the claims administrator of this benefit.

2 For disabilities occurring prior to September 1, 2022, members will receive up to 75% of their regular daily salary, less any sources of deductible income, while they continue to be disabled. For disabilities occurring on or after September 1, 2022, members will receive up to 80% of their regular daily salary, less any sources of deductible income, while they continue to be disabled.

3 Coverage reduces to 65% of the amount in force at age 70, 45% of the amount in force at age 75 and 30% of the amount in force at age 80. Offer not available to retirees.

4 Each option of Life insurance for spouse/domestic partner or dependents may not exceed 50% of members Life insurance coverage.

For costs and further details of the coverage, including exclusions, benefit waiting periods, any reductions or limitations and the terms under which the policy may be continued in force, please contact Standard Insurance Company at 800.522.0406.