Long Term Disability

Tools and Resources



COST


arrow  LONG TERM DISABILITY:

Long Term Disability is funded by Emory at 100% so there is no cost to the employee.



arrow  COLA (COST OF LIVING ADJUSTMENT) OPTION:

To determine the cost of the COLA option, if you are paid monthly, divide your annual salary by 12 months, then multiply it by 0.0012 to get a monthly premium. if you are paid bi-weekly, multiply your hourly rate by 2080, then multiply the total by 0.0012 and divide by 24 to get your bi-weekly premium.

 


EXAMPLES

For a Full-time Monthly Paid Employee:

Annual Salary: $40,000

Divide by 12 months: $3,333

Multiply by 0.0012: $4.00

Monthly Premium: $4.00

For a Full-time Bi-Weekly Paid Employee:

Hourly Rate: $18.00

Multiply by 2080 hours: $37,440

Multiply by 0.0012

Divide by 24 pay periods: $1.87

Bi-weekly Premium: $1.87

 

 

arrow  SIP (SUPPLEMENTAL INCOME PROTECTION) OPTION

UNUM will provide rate information along with enrollment information prior to your enrollment period.