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Employee Benefit Trust

Standard Insurance Long Term Disability (LTD) rates

Plan descriptions

  Maximum
monthly
benefit
Minimum
monthly
benefit
2017 monthly
rate of payroll
2018 monthly
rate of payroll
% Increase
from 2017
Option 1:
60% benefit
90-day elimination
$12,000 10%/$100 .404% .404% 0
Option 2:
60% benefit
180-day elimination
$12,000 10%/$100 .341% .341% 0
Option 3:
67% benefit
90-day elimination
$12,000 10%/$100 .516% .516% 0
Option 4:
67% benefit
180-day elimination
$12,000 10%/$100 .433% .433% 0

Low risk group rates

  Maximum
monthly
benefit
Minimum
monthly
benefit
2017 monthly
rate of payroll
2018 monthly
rate of payroll
% Increase
from 2017
Option 1:
60% benefit
90-day elimination
$12,000 10%/$100 .331% .331% 0
Option 2:
60% benefit
180-day elimination
$12,000 10%/$100 .280% .280% 0
Option 3:
67% benefit
90-day elimination
$12,000 10%/$100 .423% .423% 0
Option 4:
67% benefit
180-day elimination
$12,000 10%/$100 .355% .355% 0

Entities with more than 100 employees will be individually underwritten by Standard Insurance.

Note: If employee is out of the office on sick/vacation/donated leave due to a disability, the employer will want to continue paying LTD and life premiums.

Standard Insurance will review the LTD disability claim form and documentation to make a disability determination. Both the employee and the employer will receive the approval/denial letter from Standard Insurance.

If the employee qualifies for “total disability”, then “waiver of premium” will apply once the employee has met their waiting period. At that time, the employer will discontinue paying the LTD premiums. The benefit will remain in force for the disabled employee.

For additional information on the LTD process, feel free to contact an AWC Trust staff member.

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