Long Term Disability Benefit


Are there any plan changes or increases in per-paycheck contributions?

The voluntary long term disability insurance plan will not have any rate increases or plan design changes.

Why should I consider buying the Voluntary Long Term Disability coverage?

The sudden loss of income if you become ill or injured and can’t work can be devastating to your finances. The voluntary Long Term Disability (LTD) Plan insured through The Standard provides a benefit of 60 percent of your monthly pre-disability earnings if you are unable to work due to an illness or injury lasting more than six months. This LTD benefit would not be subject to federal income tax, because you pay the premiums through after-tax payroll deduction.

The LTD Plan complements SU’s Salary Continuation Plan (for eligible faculty and exempt employees, including some non-exempt employees eligible under transition rules) and Disability Plan (for eligible non-exempt employees), both of which cover the first six months of disability before the LTD Plan begins payments. This benefit is reduced by Social Security and certain other sources of income. The extra protection available through the voluntary LTD plan offered by The Standard can help you replace lost income in a time of need.

What is the process to elect voluntary LTD coverage?

If you are interested in enrolling in this coverage for the first time, you must complete a medical history statement [PDF]. This statement is sent directly to The Standard Insurance Company for review and approval. If you do not complete the medical history statement, your election will not be processed. Although your election will appear in your Open Enrollment Confirmation Statement, the coverage will not take effect until Human Resources receives confirmation of approval from The Standard.