Long Term Disability

The Long Term Disability insurance is an important part of your benefits package. The purpose of Long Term Disability (LTD) is to provide income to an employee who becomes disabled for 90 days or longer. Enrollment in this plan is automatic, although, beneficiary designation is required. A basic term life insurance policy is provided by Baylor University for eligible full-time faculty and staff and will be covered at Baylor expense.

This coverage is underwritten by Standard Insurance Company. The amount of the employee's coverage is based on the annualized rate of basic earnings. Your payment may be reduced by deductible sources of income and disability earnings. Some disabilities may not be covered or may have limited coverage under this plan.  For additional information, you may view the LTD certificate and amendment to the certificate.

Summary of Benefits:

Eligibility:

All full time active employees working at least 30 hours or more per week.

Monthly Benefit:

Baylor's insurance program coverage provides an approved disabled employee, after 90 days of disability, with a monthly income equal to 60% of monthly salary, as long as the disability remains approved for coverage.

Assisted Living Benefit:

20% of salary to a maximum benefit of $3,000 per month.

Elimination Period:

90 Days (Benefits begin on the 91st day)
Allows for partial disability and up to 30 days of temporary recovery.

Definition of Disability:

2 year Own Occupation, Any Occupation from the end of Own Occupation to the end of Maximum Benefit Period, and/or - with partial disability benefits.

Duration of Benefits:

To age 65 + ADEA graded duration

The above items are only highlights of these plans. Please refer to your Certificates of Insurance for a full description of your coverage and pre-existing limitations.

Salary Income

During the ninety (90) day waiting period, an LTD applicant will be eligible to receive their accrued sick leave for the initial sixty (60) calendar day period. Applicants approved for the Long Term Disability (LTD) insurance program will continue to receive salary income for the sixty-first (61st) through the ninetieth (90th) calendar day of the LTD waiting period at the rate of eighty percent (80%) of the applicant's monthly salary at the date of onset of the disability. This compensation is paid in accordance BUPP-412 (pdf).

Medical Leave of Absence

In addition to income benefits, an employee may request a leave of absence. The University may approve a leave of absence at the rate of one month for each year of employment up to a maximum of 12 months during which time other benefits may continue under the same terms as available at the date of onset. These benefits include group health insurance, dental insurance, life insurance and any other benefit associated with the general use of a BU ID card. These provisions are under guidelines of BUPP-406 (pdf) and BUPP-407 (pdf).

Medical and Dental Insurance

In the absence of insurance or at the completion of a leave of absence, group health insurance and dental insurance may be continued for a period of up to 18 months at the current funding cost or until Medicare or a comparable insurance is available.

Retirement Plan Benefits

The same retirement income benefit options are available to eligible LTD recipients as for other employees upon retirement based on the Baylor University Retirement Income Plan as noted in BUPP-600 (pdf). An employee may exercise the option to delay retirement plan benefit payments while receiving the LTD benefit for the duration of the appropriate schedule. Retirement benefits do no affect the LTD benefits.

Normal retirement income benefits for eligible LTD recipients may be delayed for the duration of a leave of absence to allow the regular employee benefits to remain in place.

Tuition Remission

Children already receiving tuition remission will continue to receive tuition remission. In addition to this,  a faculty/staff member will earn one year of tuition remission for each year of service. One or more children, not to exceed the total years earned by the faculty/staff member, may use this benefit. The tuition remission must meet requirements of BUPP-450A (pdf) and BUPP-450B (pdf).