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Short Term Disability (STD) Example
Employee with Weekly Gross Salary of $800

Statutory
STD Insurance
(provided to all employees at no cost)

 

Basic
STD Insurance (provided to all “benefit-eligible” employees at no cost)

 

Optional Buy-Up STD Insurance
(available for purchase by nearly all “benefit-eligible” employees)

 

Statutory STD Benefit:
50% of weekly salary up to $170

 

Basic STD Benefit:
50% of weekly salary up to $340

 

Optional Buy-up STD Benefit (employee must select):  
60% of weekly salary up to $750

 

Weekly Salary $800 x 50% =

$400

Weekly Salary $800 x 50% =

$400

Weekly Salary $800 x 60% =

$480

Maximum Statutory STD Benefit

$170

Maximum Basic STD Benefit

$340

 

 

Weekly Statutory STD Benefit

$170

 

 

 

 

 

 

Less Statutory STD Benefit

($170)

 

 

 

 

Weekly Basic STD Benefit

$170

 

 

 

 

 

 

Less (Statutory Plus Basic STD Benefits)

($340)

 

 

 

 

Additional $ from Buy-up

$140

 

 

 

 

Weekly Disability Benefit ($170 +$170 +$140) 

$480