Page 14 - 2015 NISC Open Enrollment
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Long-Term Disability
Long-Term Disability (LTD)
If your disability extends beyond 90 days, you may qualify for continued
payment under the LTD beneit program. If you qualify for this beneit, you
receive 66.67% of your pre-disability monthly income.
Like STD beneits, LTD beneits are coordinated with any federal, state,
workers’ compensation, or other beneits you may receive. Unlike STD
beneits, LTD beneits are not subject to taxation. Also unlike STD beneits,
LTD beneits may not be supplemented with accrued paid leave (TOB/sick
leave). Note that the although NISC pays the LTD premium, the value of
the premium is included as taxable income to the employee pursuant to IRS
rules.
General Plan Information Guardian
Beneit Percentage 66.67%
Monthly Beneit Maximum $15,000
Maximum Period of Payment Until earlier of doctor’s release to return to
work or SSNRA
Elimination Period 90 days
Deinition of Disability If you are not able to perform the material
duties of your own occupation solely
because of disease or injury
Beneit Duration SSNRA
Pre-Existing Condition Limitations 3/12
Survivor Beneit 3 times the last monthly beneit
National Information Solutions Cooperative 14
Long-Term Disability (LTD)
If your disability extends beyond 90 days, you may qualify for continued
payment under the LTD beneit program. If you qualify for this beneit, you
receive 66.67% of your pre-disability monthly income.
Like STD beneits, LTD beneits are coordinated with any federal, state,
workers’ compensation, or other beneits you may receive. Unlike STD
beneits, LTD beneits are not subject to taxation. Also unlike STD beneits,
LTD beneits may not be supplemented with accrued paid leave (TOB/sick
leave). Note that the although NISC pays the LTD premium, the value of
the premium is included as taxable income to the employee pursuant to IRS
rules.
General Plan Information Guardian
Beneit Percentage 66.67%
Monthly Beneit Maximum $15,000
Maximum Period of Payment Until earlier of doctor’s release to return to
work or SSNRA
Elimination Period 90 days
Deinition of Disability If you are not able to perform the material
duties of your own occupation solely
because of disease or injury
Beneit Duration SSNRA
Pre-Existing Condition Limitations 3/12
Survivor Beneit 3 times the last monthly beneit
National Information Solutions Cooperative 14
