It is an income replacement program that protects state employees and their families in the event of a disability or inability to perform the material and substantial duties of the state job.
All SUNY professional (UUP and MC) employees who are full-time or are part-time and are eligible for health insurance are eligible to participate in the SUNY Long-Term Disability (LTD) insurance program, administered by The Standard.  The average annual premium for a new group long-term disability policy in 2013 was $226 per person, according to Gen Re’s “2013 U.S. Group Disability and Group Term Life Market Survey.”. If you pay your own premiums with after-tax dollars, your disability benefits will be tax-free. But about one in four of today’s 20-year-olds have a chance of becoming disabled sometime before they retire. The average long-term disability absence from work lasts 34.6 months – almost three years, according to the Council for Disability Awareness. Zip Code: Long-term disability (LTD) insurance is usually purchased by groups, not individuals. Some employers who offer life insurance to their employees also provide their employees with an insurance policy to provide benefits in case of long-term disability. These LTD policies are purchased from large insurers such as Aetna, Cigna, Unum, Metlife, and Prudential. Long-term disability policies usually pay between 50%-80% of your pre-disability salary if you become unable to work, but only after a waiting period, typically six months. Once the short-term benefits expire (generally after three to six months), long-term disability insurance pays a percentage of your salary, usually 50 to 60 percent, depending on the policy. The benefits last until you can go back to work or for the number of years stated in the policy. But about one in four of today’s 20-year-olds have a chance of becoming disabled sometime before they retire. The average long-term disability absence from work lasts 34.6 months – almost three years, according to the Council for Disability Awareness. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some hospitals. Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. The GIC's Long Term Disability (LTD) is an income replacement program that protects state employees and their families in the event of a disability or inability to perform the material and substantial duties of the state job.  Long-term disability benefits usually refers to policy payouts from a long-term disability (LTD) insurance policy.  Share on Facebook. Share on Google Plus. If your employer offers you long-term disability (LTD) coverage as part of a benefits package, or if you've purchased an individual policy on your own, you may be eligible to continue receiving most of your salary in the event you become unable to work. As in Social Security disability cases, the most important factor in proving your disability in an LTD claim is the opinion of your treating doctor. As part of your application for LTD benefits, your doctor will be asked to complete a form or write a statement regarding his or her opinion on your condition. For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD). Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example, if you worked in a warehouse and earned $40,000 annually, then hurt your back and had to take a part-time desk job that paid less than $8,000 a year, your long-term disability policy likely would pay you full benefits based on your pre-disability wages of $40,000. But about one in four of today’s 20-year-olds have a chance of becoming disabled sometime before they retire. The average long-term disability absence from work lasts 34.6 months – almost three years, according to the Council for Disability Awareness.
https://www.suny.edu/insurance/ltd/ http://www.insure.com/disability-insurance/long-term-disability.html http://www.disabilitysecrets.com/topics/long-term-disability-insurance http://www.insure.com/disability-insurance/long-term-disability.html https://en.wikipedia.org/wiki/Disability_insurance http://www.mass.gov/anf/employee-insurance-and-retirement-benefits/employee-health-and-other-insurance-benefits/long-term-disability/ http://www.nolo.com/legal-encyclopedia/long-term-disability http://www.disabilitysecrets.com/resources/disability/disability-social-security/requirements-long-term-disability.htm https://en.wikipedia.org/wiki/Disability_insurance http://www.insure.com/disability-insurance/long-term-disability.html
long term disability information