The long-term disability plan is designed to provide you with income continuation if you are disabled and unable to work for more than six months.
Benefits-eligible faculty and staff members are enrolled in long-term disability (LTD) insurance that provides coverage of 60 percent of base salary (less any disability payment payable from Worker’s Compensation, Social Security, or other legally mandated programs) in the event of total disability to a maximum of $15,000 per month. Coverage is effective from the date of benefits-eligible employment or transfers into a benefits-eligible status.
LTD benefits begin on the 181st day of continuous disability and benefits are payable at the end of each subsequent month during the term of continuous total disability.
Benefits payments will continue until the earliest of:
- the date you are no longer totally disabled,
- the date you die, or
- the date you reach one of the following age and/or time limits:
| Age When Maximum Disability Starts | Duration of Benefits |
|---|---|
| Less than 60 | To age 65 |
| 60 to 64 | 60 months |
| 65 to 69 | To age 70 (but not less than 12 months) |
| 70 and older | 12 months |
The university will pay the full cost of LTD coverage. However, if the university pays your premiums, your benefits, should you become disabled and approved for the benefits, are taxable at the time of payment.
At initial enrollment or during benefits open enrollment, you may arrange to pay the premium for the LTD insurance yourself through a post-tax payroll deduction, where you pay the cost of the plan. If you choose to pay, your benefits will not be taxed should you become disabled and approved for the benefits.
If you choose to pay, your cost is 0.185 percent of your monthly base salary.
For additional information please see the Unum Group Insurance Policy (PDF)