Group Sponsored Long-Term Disability Insurance
To protect against long-term loss of income in the event of a serious disability, long-term disability (LTD) insurance is available to companies with fewer than 10 employees. COSE does not currently offer a LTD product to groups with more than 10 employees.
View and print detailed coverage information
Monthly LTD benefits are equal to 60 percent of an employee’s basic monthly earnings, reduced by any disability benefits received from workers’ compensation, social security, other group disability income plans, and any other income benefits. LTD benefits are subject to a maximum benefit of $5,000 per month and will not be less than $100 per month.
Employees who work at least 30 hours per week are eligible to be enrolled under the LTD plan after three consecutive months of active employment. You may choose to have LTD benefit payments after 90 days (Plan 1) or 180 days (Plan 2) after an employee qualifies as disabled.
The LTD plan continues a portion of an employee’s monthly earning if he or she qualifies as disabled:
During the first 24 months, total disability means the employee is unable to perform the material duties of his or her regular occupation. After 24 months, the employee is considered totally disabled if unable to perform the material duties of any gainful occupation for which he or she is reasonably suited by training, education or experience.
Benefits are payable for a disability caused by an injury or sickness after the insured has satisfied the elimination period, provided there is an incurred loss of earnings of at least 20 percent. The elimination period (Plan 1: 90 days, Plan 2: 180 days) can be satisfied with either total or partial disability or a combination of both.
Pre-existing Condition Exclusion
A 12-6-24 pre-existing condition exclusion applies to group-sponsored long-term disability plans. A total disability or a partial disability that begins within the 24-month period after the employee’s effective date and is caused by, contributed to or results from a pre-existing condition is not covered. A preexisting condition is a sickness or injury for which the employee, within the 12 month period prior to his or her effective date of coverage, received medical treatment consultation, care or other services, including diagnostic measures , or had taken prescribed drugs or medicines.
A disability that begins more than 24 months after the employee’s effective date or a disability that is caused by a condition for which an employee has been treatment free for six consecutive months after the effective date will not be excluded from coverage under the pre-existing condition exclusion.
Plan 1: 90-day Elimination Period - Coverage available for groups 1-9; monthly rates per $100 covered payroll based on percentage of blue-collar employees.
Insured Age |
<20% |
20% to 30% |
30% to 40% |
40% to 50% |
50% to 60% |
under 30 |
$.41 |
$.47 |
$.53 |
$.60 |
$.66 |
30-34 |
$.41 |
$.47 |
$.53 |
$.60 |
$.66 |
35-39 |
$.47 |
$.55 |
$.61 |
$.68 |
$.77 |
40-44 |
$.66 |
$.75 |
$.86 |
$.95 |
$1.06 |
45-49 |
$1.03 |
$1.18 |
$1.33 |
$1.48 |
$1.65 |
50-54 |
$1.57 |
$1.80 |
$2.05 |
$2.27 |
$2.50 |
55-59 |
$2.20 |
$2.52 |
$2.86 |
$3.18 |
$3.52 |
60-64 |
$2.26 |
$2.60 |
$2.93 |
$3.27 |
$3.61 |
65 and over |
$2.62 |
$3.01 |
$3.40 |
$3.80 |
$4.18 |
Monthly rates per $100 of covered payroll based on percentage of blue collar content.
Plan 2: 180-day Elimination Period - Coverage available for groups 1-9; monthly rates per $100 covered payroll based on percentage of blue-collar employees.
Insured Age |
<20% |
20% to 30% |
30% to 40% |
40% to 50% |
50% to 60% |
under 30 |
$ .22 |
$ .26 |
$ .31 |
$ .33 |
$ .37 |
30-34 |
$ .28 |
$ .33 |
$ .38 |
$ .42 |
$ .46 |
35-39 |
$ .38 |
$ .45 |
$ .51 |
$ .55 |
$ .61 |
40-44 |
$ .57 |
$ .66 |
$ .73 |
$ .82 |
$ .91 |
45-49 |
$ .87 |
$1.01 |
$1.13 |
$1.27 |
$1.40 |
50-54 |
$1.33 |
$1.53 |
$1.73 |
$1.93 |
$2.13 |
55-59 |
$1.87 |
$2.15 |
$2.45 |
$2.72 |
$3.00 |
60-64 |
$1.91</td> |
$2.20 |
$2.47 |
$2.76 |
$3.05 |
65 and over |
$2.21 |
$2.55 |
$2.87 |
$3.21 |
$3.53 |
Monthly rates per $100 of covered payroll based on percentage of blue collar content.
Benefits are payable to Age 65 with reduced benefit duration in compliance with ADEA
Age Range |
Benefit Duration |
Under 60 |
To age 65 |
60 |
60 months |
61 |
48 months |
62 |
42 months |
63 |
36 months |
64 |
30 months |
65 |
24 months |
66 |
21 months |
67 |
18 months |
68 |
15 months |
69 & Over |
12 months |
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