Disability Coverage

ABC Company provides you with Long-term Disability (LTD) at no cost to you. You have the opportunity to purchase Short-term Disability (STD) at favorable group rates. These plans provide protection against the loss of your income in the event you are unable to work due to a health condition or injury.

The STD plan does not pay benefits for work-related accidents or illnesses covered by Workers’ Compensation. STD and LTD benefit payments are offset by other sources of income you may receive, such as Social Security disability benefits.

Plan Feature LTD STD
Period before benefit begins 90 days 7 days
Benefit 60% of monthly earnings 55% of monthly earnings
Maximum Benefit $15,000 monthly $1,100 weekly
Duration of Benefit To retirement age Up to 13 weeks