Long Term Disability Insurance

Disability is often called the “forgotten risk,” as few employees think about how they would survive financially with no earned income. The impact of a disabling illness or injury, both financially and emotionally, is devastating.

While health insurance may cover most medical bills, daily living expenses such as rent or mortgage, car payments, and utilities continue. Disability insurance provides partial income replacement if you are unable to work due to a qualifying non-occupational illness or injury.

Eligibility and Waiting Period

Employees whose customary annual appointment is longer than one semester for 30 or more hours per week or .75 FTE or greater are eligible on the first of the month following date of hire.

Benefit

LTD coverage is employer-paid. If you become disabled (as defined in the plan) and remain disabled through the elimination period, the benefit pays 50% of monthly earnings, less other deductible sources of income, such as Social Security and workers compensation (see your plan booklet for details). The maximum monthly benefit is $5,000. Benefits are payable after a period of 180 consecutive days of disability.

Definition of Disability

You will be considered disabled if, during the elimination period and the next 24 months of disability, you are unable to perform the duties of your “own occupation” and thereafter, you are unable to perform the duties of “any occupation.” For definition of terms, contact Human Resources at 513-529-2027.

LTD Maximum Benefit Period By Age
Age at Disability Maximum Benefit Period
Less than age 62 To Social Security Normal Retirement Age*
62 60 months
63 48 months
64 42 months
65 36 months
66 30 months
67 24 months
68 18 months
69 and over 12 months

 

Social Security Normal Retirement Age
Year of Birth Social Security Normal Retirement Age
1937 or before 65 years
1938 65 years 2 months
1939 65 years 4 months
1940 65 years 6 months
1941 65 years 8 months
1942 65 years 10 months
1943-1954 66 years
1955 66 years 2 months
1956 66 years 4 months
1957 66 years 6 months
1958 66 years 8 months
1959 66 years 10 months
1960 and after 67 years

*Social Security Normal Retirement Age as figured by the 1983 amendment to the Social Security Act and any subsequent amendments.

Apply for LTD

For Assistance Completing Application

513-529-9551
franklln@MiamiOH.edu

513-529-3120
mitroiem@MiamiOH.edu