Short-Term Disability Insurance

Changes in 2018

Starting January 1, 2018, Lincoln Financial will provide OU’s short-term disability insurance. Employees can now enroll in this benefit through the Benefits Enrollment portal and pay for it through payroll deduction. Previously, employees independently enrolled in coverage with Aflac. Employees can continue their AFLAC policies by paying AFLAC directly.

Overview

Short-term Disability (STD) Insurance replaces a portion of your income when you are recovering from a covered illness or injury — a big help for keeping up while you are unable to work. You can feel better sooner knowing that your income is protected while you’re on the mend.

The Short-Term Disability plan is an optional insurance plan offered through Lincoln Financial which is fully paid for by the employee through payroll deduction (offered as an after-tax deduction only).

The weekly benefit is 60% of your weekly salary up to a maximum of $1,500 per week. The benefit begins on the first day of an accident (or on the fifteenth day of an illness), with a maximum duration of 26 weeks. The STD plan is guaranteed issued during open enrollment, but does have a pre-existing condition clause. This means you may not be eligible for benefits if you have received treatment for a condition within 3 months prior to your effective date until you have been covered under the policy for 6 months.