Contents:

Plan Provisions

Eligibility 

Plan Contributions

Calculate Monthly Premium

Coverage Period 

Forms:

Employee's Medical History Statement For Indiana Residents

Employee's Medical History Statement For Non-Indiana Residents

Enrollment

See also:

LTD Plan booklet (PDF)

Insurance Long Term Disability

Effective March 1, 2007

Plan Provisions

Indiana University's Long Term Disability Plan is an income protection plan for covered employees who become disabled due to an illness or accident. 

• Pays a regular income when an enrolled employee is totally disabled and cannot work.  
• Replaces up to 60 percent of salary, to a maximum of $10,000 per month, less Social Security and other disability benefits.  
• Pays benefits as long as total disability continues, until age 65 (or to a later age if disability occurs after age 60).
• Allows the eligible participant to choose if benefits will begin after three months (90 days) or after six months (180 days) of disability.
• Offers an optional Retirement Protection Benefit--which pays to a retirement annuity fund--contributions equal to 10 percent of the covered employee's base salary. For enrollees prior to July 1, 1999, this benefit provision equals 12 percent of base salary.
• Provides a 3 percent annual Cost of Living Adjustment increase in benefits after an initial period of disability payments.
• An Assisted Living Benefit provides extra income replacement for severely disabled individuals.
• Pays a survivor benefit of 3 times the monthly benefit without reductions, as long as the participant had a continuous disability for 180 days.

Eligibility

• All Indiana University full-time appointed employees are eligible for the Long Term Disability Plan.  
• Initiation of Plan participation must be made within 60 days after becoming an eligible employee, by submitting the appropriate paperwork to the campus Human Resources Office.  
• Application for enrollment or change in coverage option after the first 60 days of eligibility must be accompanied by a Medical History Statement.

Plan Contributions

• The total premium for LTD coverage is paid by the employee.  
• The cost for this disability insurance varies with the enrollee's age, salary, and selected option  
• Option A - 180 day waiting period  
• Option B - 90 day waiting period  
• Option C - 180 day waiting period with the Retirement Protection Benefit  
• Option D - 90 day waiting period with the Retirement Protection Benefit
• Premiums are automatically deducted from the employee's paycheck  
• Premium rates are reviewed annually, and information about any changes is available from the campus Human Resources Office

Calculate Monthly Premium

• Go to the Premium Estimator to have the monthly amount automatically caluculated.
• The premium automatically changes based on employee's age and salary.

Coverage Period

• Coverage begins when an eligible employee has completed the appropriate paperwork to the campus Human Resources Office within the first 60 days of eligibility; or
• If after the first 60 days, upon the approval date after review of the employee’s Medical History Statement by Standard Insurance Company.
• Long Term Disability Insurance will not begin, even after applications have been submitted for an eligible employee, until the first day the employee is Actively At Work.
• Coverage under the LTD Plan continues as long as the eligible employee continues to have premium payments made directly from salary.
• If an employee ceases to be eligible for coverage under the Indiana University Long Term Disability Plan, insurance under a conversion policy may be available.

Benefit plan information on these web pages is in a summary format and is not intended to replace actual plan documents. Indiana University reserves the right to amend or terminate all or any part of any benefit plan.