Disability is often called the “forgotten risk,” as few employees think about how they would survive financially with no earned income. The impact of a disabling illness or injury, both financially and emotionally, is devastating.

While health insurance may cover most medical bills, daily living expenses such as rent or mortgage, car payments, and utilities continue. Disability insurance provides partial income replacement if you are unable to work due to a qualifying non-occupational illness or injury.

Eligibility and Waiting Period

Employees whose customary annual appointment is longer than one semester for 30 or more hours per week or .75 FTE or greater are eligible on the first of the month following date of hire.

Benefit

LTD coverage is employer-paid. If you become disabled (as defined in the plan) and remain disabled through the elimination period, the benefit pays 50% of monthly earnings, less other deductible sources of income, such as Social Security and workers compensation (see your plan booklet for details). The maximum monthly benefit is $5,000. Benefits are payable after a period of 180 consecutive days of disability.

Definition of Disability

You will be considered disabled if, during the elimination period and the next 24 months of disability, you are unable to perform the duties of your “own occupation” and thereafter, you are unable to perform the duties of “any occupation.” For definition of terms, contact Human Resources at 513-529-9551.

LTD Maximum Benefit Period by Age

Social Security Normal Retirement Age