Short Term Disability Insurance Overview

Why should I consider supplemental coverage? You can use the weekly benefit to help pay for things like medical bills, rent or mortgage, and groceries while you are disabled. Payroll deduction means you don't have to worry about another bill. Work with your own dedicated claim analyst throughout your leave. How much coverage do I get? Your employer believes in the importance of Short Term Disability Income Insurance and is giving you the option to elect coverage in the following amount[s]: ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies When you become disabled, you must complete the benefit waiting period indicated below before benefits are payable: 7 days if your disability is caused by an accidental injury. 7 days if your disability is caused by a sickness. A waiting period is the amount of time that must pass before your weekly benefits will begin. Group Name: Ball State University Group Number: 752151 Class: All Benefit Eligible Employees Excluding Service Personnel Short Term Disability Insurance Help minimize the financial impact of leave or unexpected illness What is Short Term Disability Income Insurance? There may come a time when you’re unable to work due to a disability – maybe due to maternity leave, or planned surgery, or even an unexpected illness or injury. If you find yourself in a situation like this, Short Term Disability Income Insurance could help replace part of your income while you’re not working for a short period of time. Coverage Amount 60% of your weekly earnings Benefit Minimum: $25 Benefit Maximum: $1,500 How long can benefit payments last? The maximum benefit period is 13 weeks. Do I have to answer health questions to enroll? You do not need to provide evidence of insurability to be covered. How much does it cost? Rates shown are guaranteed until: 01/01/2030. Your premiums are deducted on a post-tax basis. Your eligible annual earnings are the salary or wage you receive from your employer. It does not include bonuses, commissions, or overtime pay. The cost is calculated based on your age at the start of the plan’s current policy year. Short Term Disability rates Age Monthly rate per $10 of benefit Under 25 $.570 25-29 $.679 30-34 $.641 35-39 $.451 40-44 $.317 45-49 $.367 50-54 $.420 55-59 $.535 60-64 $.624 65-69 $.743 70+ $.802