Long Term Disability

Long Term Disability (LTD)

One of the most important items to insure is your ability to earn a living. Should a sickness or injury strike, your out-of-pocket expenses -- not to mention lost time on the job -- can impact the financial well- being of you and your family. The Lee’s Summit School District’s disability plans can help replace a portion of your salary in the event of a covered medical condition or off-the-job accidents. The cost of these coverages is paid by Lee’s Summit School District. These plans are insured through The Standard. To receive benefits your claim must be submitted to and approved by The Standard.

Long Term Disability (LTD) provides coverage for extended disabilities after your STML benefit is exhausted and is administered by The Standard. The Long Term Disability plan highlights include:

  • Salary replacement equal to 66 2/3% of the first $15,000 of monthly pre-disability earnings, reduced by deductible income (e.g. work earnings, worker’s compensation, state disability payments, etc)
  • A maximum benefit of $10,000 per month
  • Payment duration of up to Social Security Normal Retirement Age
  • 24-hour coverage, including for work-related disabilities
  • During periods of total disability, waiver of life insurance premium applies
  • LTD payments received are taxable income

Disability is defined during the benefit waiting period and for the first 36 months for which LTD benefits are paid, as being unable as a result of physical disease, injury, pregnancy or mental disorder to perform with reasonable continuity the material duties of the employee’s own occupation and suffering a loss of at least 20% of pre-disability earnings when working in the employee’s own occupation.

After that, being unable as a result of physical disease, injury, pregnancy or mental disorder to perform with reasonable continuity the material duties of any gainful occupation which the employee is able to perform, due to education, training or experience; is available at one or more locations in the national economy; and the employee can be expected to earn at least 60% or more of pre-disability earnings within 12 months of returning to work, regardless of whether the employee is working in any other occupation. The employee is not disabled when earning 60% or more of pre-disability earnings in any occupation.

Learn More

Understanding Disability, LTC and Life Insurance