Long Term Disability Benefits
In the event of total disability this program, which is underwritten by The Standard, will pay up to 60 percent of your salary. Benefits paid by The Standard will be offset by any benefits being received through Social Security, retirement pension or workers compensation.
Frequently Asked Questions:
Why should I consider disability insurance?
The Standard is the company with whom Grambling State University has its University sponsored Total Disability Plan. Should you become disabled, benefits start as of the first day of the month after three months of continuous total disability. The benefit equals sixty of your monthly salary, not to exceed $4,000 per month, less the sum of the benefits from other sources. In no event will the monthly benefit be less than $100.
How do I qualify for disability insurance?
To be eligible for this benefit, the employee must work 32 hours per week. You should elect to purchase disability insurance within 31 days of the date you become eligible, or proof of good health will be required.
Cost of the insurance is shared 50%/50% by employee and Grambling State University. The employee’s portion of the premium is currently 0.54% of the monthly gross salary.
How do I qualify for benefits under disability insurance?
The disability must start while you are insured under the group policy and must not result from an intentionally self-inflicted injury or war. Pre-existing conditions are not covered under this or another total disability for nine months prior to the start of the total disability. Benefits will continue until age 65.
Am I eligible for coverage?
You are eligible for coverage if you are a GSU full-time regular employee working at least 32 hours a week or equivalent. If your employment changes to less than 32 hours/equivalent per week, insurance eligibility is lost.
The insurance is effective on the first day of the month following your date of employment, if you have enrolled in a timely manner.
When do I need to apply?
You must apply within 31 days of the date you are initially eligible.
What happens if I do not enroll when first eligible?
You must submit evidence of medical insurability to The Standard, along with your application for coverage. If approved, your insurance will be effective on the date The Standard approves the coverage.
When do changes in the amount of my premium occur?
The amount of your premium is subject to change if there is a change in your salary.
How long must I be disabled before LTD benefits are payable?
The policy requires that you be off work for 90 consecutive days and that all sick leave is exhausted before LTD benefits are payable. You must furnish proof that you are unable to perform the required duties of your position and that you require the regular and continuing care of a physician.