Long-term disability insurance pays benefits if you become disabled and cannot work.
If you become eligible for long-term disability insurance benefits, you will receive a benefit of 100% of your monthly salary for the first six months, then 60% of your monthly salary after that. The 60% is a combination of both funds from UK and Social Security Disability Insurance (SSDI). The university only pays its portion, regardless if Social Security Disability Insurance has been awarded.
Unless you receive a limited approval, long-term disability payments continue until you are:
- No longer totally disabled
- Turn age 65
- Failing to comply with the long-term disability insurance plan
Your benefit is calculated after any disability benefits received from government programs and/or other employers. Some examples include Social Security benefits, workers compensation or other similar programs, veterans or other government disability payments, or other employer-sponsored benefits.
You are automatically enrolled in long-term disability insurance if you have been in a regular position with a full-time equivalency (FTE) of at least 0.75 for 12 months. You may be able to apply for long-term disability benefits if you were covered by a comparable employer-sponsored plan in the six months before you started working at UK. You are only covered by this insurance as long as you work at UK.