SHORT TERM DISABILITY INSURANCE
TradeGlobal provides Voluntary Short Term Disability insurance to all full-time employees working 30 or more hours per week. The chart below provides an overview of the plan.
What is Short Term Disability (STD)? STD insurance provides you with a weekly cash benefit to help you pay your bills and keep your life as routine as possible if you are unable to work due to a covered disability (injuries, recovery from surgery, even maternity leave).
Short Term Disability
Benefit Percentage
60%
Maximum Weekly Benefit
$1,000
7 days - Accident 7 days - Sickness
Elimination Period
Duration of Benefit
13 weeks
Monthly Rate per $10 of Weekly Benefit
SHORT TERM DISABILITY COST CALCULATION PER PAY PERIOD:
AGE
_____________________ Weekly Base Pay (annual pay divided by 52) X .60 = ____________________ This is your weekly benefit (cannot exceed $1,000) /10 X ____________________ Monthly Rate (from chart)
<29
$0.37
30-34
$0.37
35-39
$0.37
40-44
$0.37
= ____________________ Approximate monthly premium x12 /48 = ____________________ Approximate Per Pay Period Cost
45-49
$0.40
50-54
$0.48
55-59
$0.660
60-64
$0.77
65+
$0.80
10
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