Employee-paid LTD insurance helps you protect more of your paycheck. Your employer provides you with a monthly benefit of up to $240 of disability insurance. Will that be enough for you? Think about your ongoing expenses and how much income you'll need to maintain your lifestyle if you can't work.
Newly eligible employees are automatically enrolled in employee-paid disability insurance at the 60-percent coverage level through the PEBB Program. This plan provides a monthly benefit of up to $10,000 (replaces 60 percent of the first $16,667 of your eligible insured earnings), before reduction by any deductible income.
You may choose to enroll at the 50-percent coverage level or decline employee-paid disability coverage at any time. The employee-paid disability insurance at the 50-percent coverage level provides a monthly benefit of up to $8,333 (replaces 50 percent of the first $16,667 of your eligible insured earnings), before reduction by any deductible income.
Evidence of Insurability is required at any coverage level to reenroll after declining employee-paid coverage or reducing your coverage level.
Some features of your LTD coverage include:
- Return to Work Incentive
- Reasonable Accommodation Expense Benefit
- Survivors Benefit
See your LTD Plan Booklet or Coverage Highlights for details.
Watch a video to see how you can help protect more of your income with employee-paid LTD insurance.
This policy includes exclusions, limitations, reductions of benefits and terms under which the policy may be continued in force or terminated. Please contact The Standard or your employer's payroll or benefits office for additional information, including costs and complete details of coverage.
The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Oregon in all states except New York. Product features and availability vary by state and are solely the responsibility of Standard Insurance Company.