Overview
The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.
Short-Term Disability Insurance (STD)
- You are covered under STD if you are out of work for 7 calendar days or more.
- You’ll receive 100% of your base salary for weeks 1 through 8 and then 70% of your base salary for weeks 9 through 26 (or until you are no longer disabled if less than 26 weeks).
- If you need to file a claim for STD benefits, please refer to How to file a Leave of Disability Claim.
STD may be approved for payments of up to 26 weeks based on medical necessity as determined by your physician and Reliance Matrix.
Long-Term Disability Insurance (LTD)
- Coverage begins after you have exhausted 26 weeks of STD (180 days).
- Pays 60% of your total compensation, which includes your base salary plus bonus and commissions.
LTD buy-up
Buy-up LTD is only available to those employees who have a base salary of $200,000 or higher.
- You may choose to purchase additional LTD insurance to receive 60% of your total compensation, up to a maximum of $15,000 per month.
- Coverage is optional and employee-paid; you can enroll in Workday as a new hire or during Open Enrollment.
- If you elect the buy-up option, you will pay for this coverage with after-tax dollars. If you should become disabled, the buy-up portion of your monthly benefit will be tax free.