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 in¹.

Since disability coverage is compensation-based, this rate structure is a more equitable way to set premiums.

We calculate premium rates and disability payments using your employees’ annual compensation information in the Employee Roster. Please be sure to keep the Employee Roster 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, 2020 – December 31, 2022.

Long-Term Disability – Employer Paid

Rates are per $100 of covered monthly payroll, effective January 1, 2020 – December 31, 2022.

Short-Term Disability Plans – Voluntary / Employee Paid

Rates are per $100 of covered monthly payroll, effective January 1, 2020 – December 31, 2022.

Long-Term Disability Plans – Voluntary / Employee Paid

Rates are per $100 of covered monthly payroll, effective January 1, 2020 – December 31, 2022.

¹ Effective January 1, 2020

Policy Number: CNYEX01112
Disability Insurance Disclaimer