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:

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
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:

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 60-day benefit waiting period would cost $13.20 per month.

Criteria	Calculation
Earnings:	$ 1,000 per month
90-day benefit waiting period:	x 0.0072 (.72% = 0.0072 when multiplying)
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.