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Long-term disability insurance premiums

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

Employer-paid (basic) LTD premiums

Your employer pays this coverage.

Employee-paid LTD premiums starting January 1, 2022

Employee-paid LTD premiums are based on:

What type of employee you are.
Which coverage level you select.
How much you earn.

To find your premium, use the premium calculator on The Standard's website.

These rates are based on the employee's age on January 1, 2022.

Coverage level	Higher-education employees retirement plan employees	TRS, PERS, and other retirement plan employees
60 percent	0.0059	0.0047
50 percent	0.0035	0.0028

To calculate your monthly premium use the formula below.

Your monthly insured earnings (not to exceed $16,667) x employee type rate = monthly premium.

Examples of employee-paid premiums

Your exact premium depends on your retirement plan, monthly base pay (gross earnings before tax and other deductions) and the coverage level you choose. Here are some examples.

60-percent coverage

Examples of base pay	Higher-education employees retirement plan	TRS, PERS, and other retirement plan
$3,000	$17.70	$14.10
$4,000	$23.60	$18.80
$5,000	$29.50	$23.50
$6,000	$35.40	$28.20
$7,000	$41.30	$32.90
$8,000	$47.20	$37.60
$9,000	$53.10	$42.30
$10,000	$59.00	$47.00
$11,000–$16,667	$64.90–$98.34	$51.70–$78.33

50-percent coverage

Examples of monthly base pay	Higher-education employees retirement plan	TRS, PERS, and other retirement plans
$3,000	$10.50	$8.40
$4,000	$14.00	$11.20
$5,000	$17.50	$14.00
$6,000	$21.00	$16.80
$7,000	$24.50	$19.60
$8,000	$28.00	$22.40
$9,000	$31.50	$25.20
$10,000	$35.00	$28.00
$11,000–$16,667	$38.50–$58.33	$30.80–$46.67

Supplemental LTD plan premiums through December 31, 2021

LTD supplemental plan premiums are based on:

What type of employee you are.
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).
How much you earn.

Benefit waiting period (your choice)	Higher-education employees retirement plan employees	TRS, PERS, and other retirement plan employees
90 days	0.0072	0.0060
120 days	0.0042	0.0036
180 days	0.0032	0.0028
240 days	0.0030	0.0027
300 days	0.0028	0.0025
360 days	0.0027	0.0024

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 Supplemental plan premium:

Pick your benefit waiting period.
Find your employee type.
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 90-day benefit waiting period would cost $7.20 per month.

Criteria	Calculation
Earnings:	$ 1,000 per month
90-day benefit waiting period:	x 0.0072
Monthly cost:	$ 7.20

Example #2

If you are a TRS, PERS, or other retirement plan employee with monthly earnings of $1,000, the 90-day benefit waiting period would cost $6.00 per month.