Disability Premiums
Premiums are the amount that employers pay, or withhold from an employee’s paycheck, to offer disability insurance benefits.
Premium Rate Structure
Premiums are based on the employer’s covered monthly payroll, and the monthly rate for the plans the employer is enrolled in.1
We calculate premium rates and disability payments using your employees’ covered compensation information in My Admin Portal (MAP). Please be sure to keep MAP updated.
Voluntary Policy Rates
Rates are higher because projected risk is also factored into employee-paid (voluntary) policy premiums (those with greater healthcare needs are more likely to purchase disability insurance than are healthier people).
Nonetheless, our policy array offers affordable solutions that can provide this important coverage to all employees.
Short-Term Disability Plans – Employer Paid
Rates are per $100 of covered monthly payroll, effective January 1, 2023 – December 31, 2025.
Benefit Duration / Percentage of Pay |
Monthly Rate |
---|---|
26 weeks - 60% |
$ 0.386 |
26 weeks - 66.67% |
$ 0.456 |
26 weeks - 66.67% - Enhanced Maternity Benefit |
$ 0.547 |
13 weeks - 60% |
$ 0.102 |
13 weeks - 66.67% |
$ 0.142 |
13 weeks - 66.67% - Enhanced Maternity Benefit |
$ 0.171 |
Long-Term Disability – Employer Paid
Rates are per $100 of covered monthly payroll, effective January 1, 2023 – December 31, 2025.
Elimination Period / Percentage of Pay |
Monthly Rate |
---|---|
180 days - 40% |
$ 0.092 |
180 days - 60% |
$ 0.280 |
180 days - 66.67% |
$ 0.373 |
90 days - 40% |
$ 0.106 |
90 days - 60% |
$ 0.305 |
90 days - 66.67% |
$ 0.400 |
Short-Term Disability Plans – Voluntary / Employee Paid
Rates are per $100 of covered monthly payroll, effective January 1, 2023 – December 31, 2025.
Benefit Duration / Percentage of Pay |
Age Bracket | Monthly Rate |
---|---|---|
26 weeks - 60% |
<30 |
$ 0.779 |
31-40 | $ 0.625 | |
|
41-50 | $ 0.458 |
|
51> | $ 0.696 |
26 weeks - 66.67% |
<30 |
$ 0.894 |
|
31-40 | $ 0.738 |
|
41-50 | $ 0.553 |
|
51>
|
$ 0.812 |
13 weeks - 60% |
<30 |
$ 0.215 |
|
31-40 | $ 0.175 |
|
41-50 | $ 0.124 |
|
51> | $ 0.186 |
13 weeks - 66.67% |
<30 |
$ 0.301 |
|
31-40 | $ 0.259 |
|
41-50 | $ 0.166 |
|
51> | $ 0.240 |
Long-Term Disability Plans – Voluntary / Employee Paid
Rates are per $100 of covered monthly payroll, effective January 1, 2023 – December 31, 2025.
Elimination Period / Percentage of Pay | Age Bracket | Monthly Rate |
---|---|---|
180 days - 50% |
<30 |
$ 0.233 |
|
31-40 | $ 0.466 |
|
41-50 | $ 0.837 |
|
51> | $ 1.696 |
90 days - 50% |
<30 |
$ 0.413 |
|
31-40 | $ 0.806 |
|
41-50 | $ 1.081 |
|
51> | $ 2.131 |
1 Effective January 1, 2020
Policy Number: CNYEX01112
Disability Insurance Disclaimer
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