Take steps to protect yourself and your loved ones from an unexpected loss of income due to a covered illness or injury. With PEBB Long-Term Disability (LTD) insurance, you can replace a portion of your income to help you meet your financial commitments in a time of need.
WSU automatically provides a basic policy for all benefit-eligible employees. After a 90 calendar day waiting period, this basic policy would pay a minimum $50 monthly benefit, up to a maximum $240 a month. This portion of the benefit is taxable. Benefits begin after 90 calendar days of disability, or after the amount of time reflected in your sick leave balance has passed, whichever is longer.
The optional policy ensures that up to 60% of eligible wages are covered, in an effort to provide a proximate replacement of an employee’s net pay. The majority of this plan is non-taxable. This policy insures the first $120,000 worth of annual salary; in other words, for employees who make more than this amount annually, only the first $120,000 will be covered.
You select the waiting period, i.e. how long you would wait before an approved claim would begin to provide coverage. Premium rates are determined by your selected waiting period, which retirement plan you participate in, and your eligible monthly salary.
Requests to enroll outside of the initial enrollment window must be submitted to The Standard Insurance Company for approval. Prior medical issues may result in a denial of coverage.
Note: Optional LTD insurance is not available to seasonal employees who work a season that is less than nine months.