SHORT TERM DISABILITY INSURANCE
Jagged Peak provides 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 and who pays the cost.
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).
Florida Employees & Ohio Salary/Exempt Employees
Benefit Percentage
60%
Maximum Weekly Benefit
$2,000
7 days - Accident 7 days – Sickness
Elimination Period
Duration of Benefit
13 weeks
Jagged Peak pays 100% of the Short Term Disability cost for all Florida employees and Ohio Salary/Exempt employees only.
Ohio Hourly/Non-Exempt Employees
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 FOR OHIO HOURLY / NON-EXEMPT EMPLOYEES
AGE
<29
$0.37
_____________________ Weekly Base Pay (annual pay divided by 52) X .60 = ____________________ This is your weekly benefit (cannot exceed $1,000) /10
30-34
$0.37
35-39
$0.37
40-44
$0.37
X ____________________ Monthly Rate (from chart) = ____________________ Approximate monthly premium x12 /26 = ____________________ Approximate Per Pay Period Cost
45-49
$0.40
50-54
$0.48
55-59
$0.66
60-64
$0.77
65+
$0.80
10
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