Short Term Disability Coverage Information

Why is coverage important? 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 Coverage and is providing basic coverage in the following amount: 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 Eligible Service Employees Short Term Disability Coverage Help minimize the financial impact of leave or unexpected illness What is Short Term Disability Income Coverage? 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 Coverage could help replace part of your income while you’re not working for a short period of time. Coverage Amount 80% of your weekly earnings Benefit Minimum: None Benefit Maximum: $1,500 How long can benefit payments last? The maximum benefit period is 25 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. BSU is paying 75% of the premium and the Employee is paying 25% of the premium. 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. Your bi-weekly cost Your bi-weekly cost for a $1,500 Weekly Income Benefit is $.46 (Your weekly benefit cannot exceed 80% of your basic weekly earnings.) Your 18-pay period cost Your 18-pay period cost for a $1,500 Weekly Income Benefit is $.66 (Your weekly benefit cannot exceed 80% of your basic weekly earnings.)