Long Term Disability
Long Term Disability (LTD) Insurance provides partial income replacement if you are disabled for more than 90 days. This coverage is provided by Sonesta for benefits eligible employees through The Hartford.
Sonesta allows employees to choose whether to pay the LTD premium themselves or to have Sonesta pay their LTD premium for them. When employees pay their own LTD premium, the LTD payout is non-taxable.
Long Term Disability has two options:
1. 100% Paid by Sonesta - Taxable Benefit
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Benefits eligible employees are automatically enrolled in this option
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60% benefit percentage up to $7,500 per month
2. 100% Paid by Employees - Tax Free Benefit
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You must elect this option during your benefit event
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60% benefit percentage up to $7,500 per month
Start date - End date: 05/01/2024 - 04/30/2025
Carrier: Reliance Standard Life Insurance Company
Phone: 877-202-0055
URL: www.reliancematrix.com
The buy-up LTD option mentioned below is only available for those enrolled prior to 3/21/22.
Long Term Disability Benefit Details - Buy-Up Plan
Elimination Period: 90 days
Benefit Percentage: 66.67% of your monthly pre-disability earnings
Maximum Benefit: $10,000 per month
*All Buy-Up amounts are subject to Evidence of Insurability