Page 13 - 2018 USI Enrollment
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University of Southern Indiana
Disability Insurance
Have you considered what would happen if you couldn’t go to work as a result of a disabling illness or accident?
Disability insurance goes to work when you can’t. Coverage is offered through The Standard. This voluntary beneit
is available to regular (non-temporary) full-time employees.
Short Term Disability (STD)
The University offers Short Term Disability insurance to help provide inancial security until you get back on your
feet and return to work. You can elect coverage for 60% of your pre-disability weekly earnings up to $1,500 per
week for up to 180 days or until you are no longer disabled. There is a 14 day waiting period for illness and sickness.
Rate Per $10 of Monthly Covered Rate Per $10 of Monthly Covered
Age Earnings Age Earnings
Under 30 $0.580 45–49 $0.257
30–34 $0.608 50–54 $0.285
35–39 $0.361 55–59 $0.380
40–44 $0.238 60+ $0.485
Short Term Disability Cost Calculation Example—Premium Per Month
Example Rate Per $10 of Covered Weekly Beneit Estimated
Weekly Beneit (Annual Earnings/52 x 0.60) Cost
Example Age 42 Annual Salary $50,000 $0.238 × $577 ÷ 10 = $13.73
Long Term Disability (LTD)
Long term disability protects your family by providing you with a percentage of your income while you are disabled
for a longer period than short term disability would otherwise cover. Eligible employees receive a beneit equal to
60% of monthly pre-disability earnings up to a maximum of $6,000 per month. LTD beneits are payable until you
are no longer disabled or reach Social Security Normal Retirement Age. Beneits begin after 180 days.
The University provides group long term disability insurance coverage for eligible faculty, administrative, and
support staff upon completion of three years of continuous service. There is no cost to the employee and USI
pays the total premium.
The three-year waiting period may be waived if the employee meets the following.
X Employee is on at least a 75% regular academic or iscal year assignment
X Employee was covered by his or her former employer under a similar group program through an insurance
company where beneits were payable for a minimum of ive years and which was in effect within 100 days
prior to his or her employment at the University
X Employee provides documentation of such coverage to the Human Resources Department within 60 calendar
days of the irst day of employment
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Disability Insurance
Have you considered what would happen if you couldn’t go to work as a result of a disabling illness or accident?
Disability insurance goes to work when you can’t. Coverage is offered through The Standard. This voluntary beneit
is available to regular (non-temporary) full-time employees.
Short Term Disability (STD)
The University offers Short Term Disability insurance to help provide inancial security until you get back on your
feet and return to work. You can elect coverage for 60% of your pre-disability weekly earnings up to $1,500 per
week for up to 180 days or until you are no longer disabled. There is a 14 day waiting period for illness and sickness.
Rate Per $10 of Monthly Covered Rate Per $10 of Monthly Covered
Age Earnings Age Earnings
Under 30 $0.580 45–49 $0.257
30–34 $0.608 50–54 $0.285
35–39 $0.361 55–59 $0.380
40–44 $0.238 60+ $0.485
Short Term Disability Cost Calculation Example—Premium Per Month
Example Rate Per $10 of Covered Weekly Beneit Estimated
Weekly Beneit (Annual Earnings/52 x 0.60) Cost
Example Age 42 Annual Salary $50,000 $0.238 × $577 ÷ 10 = $13.73
Long Term Disability (LTD)
Long term disability protects your family by providing you with a percentage of your income while you are disabled
for a longer period than short term disability would otherwise cover. Eligible employees receive a beneit equal to
60% of monthly pre-disability earnings up to a maximum of $6,000 per month. LTD beneits are payable until you
are no longer disabled or reach Social Security Normal Retirement Age. Beneits begin after 180 days.
The University provides group long term disability insurance coverage for eligible faculty, administrative, and
support staff upon completion of three years of continuous service. There is no cost to the employee and USI
pays the total premium.
The three-year waiting period may be waived if the employee meets the following.
X Employee is on at least a 75% regular academic or iscal year assignment
X Employee was covered by his or her former employer under a similar group program through an insurance
company where beneits were payable for a minimum of ive years and which was in effect within 100 days
prior to his or her employment at the University
X Employee provides documentation of such coverage to the Human Resources Department within 60 calendar
days of the irst day of employment
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