UT Southwestern Medical Center
Faculty Long Term Disability
Plan Features
Faculty Plan
The Standard Insurance Company
Plan Provider
60% of monthly earnings
Monthly Income Benefit
Monthly Maximum
$35,000
Elimination Period
Choice of 90 or 180 days*
Wait Period before
benefits are payable*
Duration of Benefits
Age Disability Begins – Maximum Period Payable
- 61 or younger – To age 65, or 3 years 6 months, if longer
- 62 – 3 years 6 months
- 63 – 3 years
- 64 – 2 years, 6 months
- 65 – 2 years
- 66 – 1 year 9 months
- 67 – 1 year 6 months
- 68 – 1 year 3 months
- 69 – 1 year
12 months
Pre-Existing Condition Clause
Inability to earn more than 80% of salary
or
Inability to perform job duties
Definition of Disability
Sub-specialty Protection**
Yes
Cost of Living Adjustment
(COLA)
Cost of Living Adjustment beginning 36 months after the date
benefits are first payable for the term of disability.
Inflation Protection
Adjustment is equal to lesser of 3% or Consumer Price Index
(CPI)
Yes
Conversion
Benefit Offsets
Reductions to monthly
benefit for other
sources of income
Monthly Premium Rate
Per $100 of monthly salary
Benefits will reduce for sick leave, wages,
Social Security benefits, retirement benefits
that received employer contributions, workers compensation
and unemployment
benefits***
Selection
Rate
90 Day Elimination Period with COLA
90 Day Elimination Period without COLA
180 Day Elimination Period with COLA
180 Day Elimination Period without COLA
$0.955
$0.730
$0.827
$0.633
To calculate monthly premium,
(monthly salary/100) times rate
* Or exhaustion of sick leave, whichever is later
** As recognized by the American Board of Medical Specialties
*** See Plan Certificate for a complete list of benefit offsets
Fac LTD 12-13.doc
07-13-12:TL