Long-term disability (LTD) insurance
About Standard Insurance Company
Headquartered in Portland, Oregon, Standard is a nationally recognized provider of employee disability insurance benefits. For more than 100 years Standard has been dedicated to our core purpose: to help people achieve financial well-being and peace of mind. We believe you deserve to live and work feeling confident in tomorrow. We challenge ourselves to go above and beyond to serve you every day. Not as a number or a policy — but as a person. At Standard, caring about people is a core value reflected in our commitment to the communities where our employees live and work. From donating millions of dollars annually to volunteering thousands of hours each year with schools, food banks and other organizations, Standard and our employees make a real difference in the communities we call home. We are proud of our long-standing track record of financial strength and stability and the value we bring to our insured membership. Although we all have unique stories and skills, the remarkable individuals who find their way to Standard are united by their compassion — extending far beyond courtesy — to a genuine desire to help you meet your goals. We challenge ourselves and each other to go above and beyond to serve you — not as a number or a policy, but as a person. Every day.
- Recorded webinars and presentations
Watch a recorded webinar to learn more about your long-term disability insurance benefit.
- Plan highlights
- Fact sheet
- Employee-paid LTD brochure
- Employee-paid LTD premiums
- Benefits Booklet
- Decision support tool
- Employer-paid LTD insurance
Eligible employees will receive employer–paid LTD coverage at no cost. The employer–paid LTD coverage insures 60 percent of the first $400 of your monthly predisability earnings, up to a maximum benefit of $240, depending on your predisability earnings and any other deductible income.
Employer–paid LTD benefits start after the longer of: 90 days; the entire period of sick leave (excluding shared leave) for which you are eligible; the "fractionated period" of paid time off (PTO) for which you are eligible, if your employer has a PTO plan, as those terms are defined in the policy; the entire period of other non-vacation salaried continuation leave for which you are eligible; or the end of the Washington Paid Family Medical Leave (PFML) for which you are receiving benefits.
- Employee-paid LTD insurance
Employee–paid LTD replaces more of your income than employer–paid LTD. When you become eligible for PEBB benefits, you are automatically enrolled in employee–paid LTD insurance at the 60-percent coverage level with a 90-day benefit waiting period.
The employee–paid LTD coverage insures the first $16,667 of your monthly predisability earnings, up to a maximum benefit of $10,000 (at the 60-percent coverage level) or $8,333 (at the 50-percent coverage level), depending on your predisability earnings and any deductible income.
Benefit waiting period
Employee–paid LTD benefits start after the longer of: 90 days; the entire period of sick leave (excluding shared leave) for which you are eligible under your employer's sick leave; the "fractionated period" of paid time off (PTO) for which you are eligible, if your employer has a PTO plan, as those terms are defined in the policy; the entire period of other non-vacation salaried continuation leave for which you are eligible; or the period of Washington Paid Family Medical Leave (PFML) for which you are receiving benefits.
Reduce or decline coverage
At any time, you can reduce to a lower-cost 50-percent coverage level or decline the 2022 employee-paid coverage by submitting the Long-Term Disability Insurance Enrollment/Change form to your payroll or benefits office. If you later decide to enroll in or increase coverage, you will have to provide evidence of insurability and be approved by the insurer.