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Long-term disability insurance premiums

Find out the monthly cost for optional long-term disability (LTD) insurance.

Optional LTD plan premiums

LTD optional plan premiums are based on:

  1. What type of employee you are.
  2. How long you want your benefit waiting period to be (the amount of time you would have to wait for benefits to start after you become disabled).
  3. How much you earn.
Benefit waiting period
(your choice)
Higher-education
employees retirement plan employees
TRS, PERS, and other retirement plan employees
30 days 2.60% 2.06%
60 days 1.32% 1.09%
90 days 0.72% 0.60%
120 days 0.42% 0.36%
180 days 0.32% 0.28%
240 days 0.30% 0.27%
300 days 0.28% 0.25%
360 days 0.27% 0.24%

If you enroll, premiums will be automatically deducted from your payroll as a percentage of your predisability earnings (your monthly base pay before your disability).

How to calculate your premium

To calculate your LTD optional plan premium:

  1. Pick your benefit waiting period.
  2. Find your employee type.
  3. Multiply your monthly base pay (up to $10,000) by the percentage shown above for the desired benefit waiting period.

Example #1

If you are a higher-education retirement plan employee with monthly earnings of $1,000, the 60-day benefit waiting period would cost $13.20 per month.

Criteria Calculation
Earnings: $ 1,000 per month
60-day benefit waiting period: x 0.0132 (1.32% = 0.0132 when multiplying)
Monthly cost: $ 13.20

Example #2

If you are a TRS, PERS, or other retirement plan employee with monthly earnings of $1,000, the 60-day benefit waiting period would cost $10.90 per month.

Criteria Calculation
Earnings: $ 1,000 per month
60-day benefit waiting period: x 0.0109 (1.09% = 0.0109 when multiplying)
Monthly cost: $ 10.90

Contact

For help with enrollment and premium payments
Your personnel, payroll, or benefits office

For help with benefits or plan details
Standard Insurance Company
Phone: ​1-800-368-2860