While almost all city employees have life insurance protection, the majority probably have not insured their most valuable asset ..... their paycheck. Long Term Disability (LTD) Insurance provides financial protection for you by paying a portion of your income directly to you while you have a long period of disability. The amount you receive is based on the amount you earned before your disability began or pre-disability earnings. LTD insurance is 24-hour coverage: it insures if, as a result of sickness or injury, you are unable to perform the material and substantial duties of your job. The following is a summary of the Long Term Disability benefits.
Monthly Benefit
Base LTD is fully paid by the City and provides a level of coverage at 40% to all non-temporary, non-union employees who are regularly scheduled to work 20 or more hours per week. You have the option to buy up to 50% or the full 66.7% of your monthly pre-disability earnings. Maximum monthly benefit payable is $4,500 and minimum is $50.
Benefit Waiting Period
An employee must have been unable to work due to a disability for 90 consecutive days and all accumulated sick leave must be expended.
Maximum Benefit Period
If you become disabled before age 62, LTD benefits may continue during disability until age 65 or to the Social Security Normal Retirement Age or 3 years 6 months, whichever is longer. If you become disabled at age 62 or older, the benefit duration is determined by your age when disability begins.
Additional Features
- Rehabilitation Plan
- Reasonable Accommodation Expense Benefit
- Employee Assistance Program
- Survivor Benefit
Cost
- 40% of monthly base pay - No cost to employee
- 50% of monthly base pay - $.195 per $100 of monthly covered earnings
- 66.7% of monthly base pay - $.401 per $100 of monthly covered earnings
Enrollment
New employees are guaranteed LTD coverage up to 66.7% without a Medical History Statement during the first 30-days of employment. After the initial 30-day enrollment period, employees may enroll at either 50% or 66.7%, but will be required to provide Medical History Statement which is subject to approval.
Cancellation
Employees may cancel their Optional Long Term Disability Insurance by sending an e-mail to totalrewards@cityofboise.org, or written notice to Human Resources indicating they no longer wish to participate.
NOTE: Employees may not decline the 40% employer provided benefit.
