Long Term Disability Insurance

Basic LTD:  The University of Louisville provides Basic Long Term Disability insurance coverage to all active full-time employees working at least 30 hours per week at no cost when participating in the University’s Retirement Plan and receiving University contributions. This basic benefit provides 60% of up to the first $100,000 of your pre-disability yearly salary, up to a monthly maximum benefit amount of $5,000. 

Supplemental LTD (Buy-Up):  The University of Louisville offers an employee paid Supplemental Long Term Disability insurance coverage to all active full-time employees working at least 30 hours per week who earn $100,000 or more per year, who are participating in the University’s Retirement Plan and receiving University contributions.  This additional benefit provides up to a monthly benefit maximum of $5,000, with a combined maximum monthly disability benefit of $10,000.

How to calculate a Supplemental Long Term Disability monthly premium

Example for a person with an annual salary of $150,000:

Enter portion of annual salary above $100,000 in the equation below

$50,000 ÷ 12 ÷ $1000 x $1.40 = $5.83 monthly premium

Supplemental Long Term Disability premiums are post-tax and paid through payroll deductions.

What is Long Term Disability insurance?

Long Term Disability (LTD) insurance helps replace a portion of your income for an extended period of time when you become seriously ill or injured and unable to work.

When do I begin receiving Long Term Disability benefits?

Once you have been considered disabled, unable to work and completed  the six months (180 day) qualifying waiting period,  you will begin receiving Long Term Disability insurance benefits.

Can I drop or add Supplemental Long Term Disability benefit?

Yes.  You may drop coverage at any time.  However, if you wish to add Supplemental LTD, you must meet eligibility requirements, have a qualifying event and elect coverage within 30 days from date of qualifying event.  You are not required to complete a Statement of Health.  Please reference qualifying events.

If I am terminated or retire, when does my LTD insurance coverage end?

When an employee is terminated or retires, the LTD insurance benefit will end the last day of the calendar month in which the employment ends.

Will I be required to complete an Evidence of Insurability (EOI)?

No evidence of insurability is required for Long Term Disability insurance.

Can I decline or change my Basic Long Term Disability benefit?

No. You may not make a change or decline Basic Long Term Disability benefits.  This is an automatic employer paid benefit for eligible employees.  Please reference page 28 of the Certificate of Coverage document for LTD eligibility requirements.

Plan Documents:

Certification of Coverage

Summary Plan Description