Rates
STD Cost: Per $100 of employee's covered monthly salary | |
---|---|
Option A: 60%, 14 day elimination period | $1.34 |
Option B: 60%, 30 day elimination period | $1.08 |
Calculate your monthly premium for Short Term Disability
For this example, we’re using an employee with an annual salary of $45,000, selecting Option A
Steps | Example |
---|---|
1. Determine your Covered Monthly Salary (Annual Salary¹ divided by 12): If your Annual Salary exceeds $216,666.84, enter $18,055.57 as your Covered Monthly Salary.² | $45,000 ÷ 12 = $3,750 |
2. Divide Covered Monthly Salary by $100 to get your per $100 of Covered Monthly Salary | $3,750 ÷ 100 = $37.50 |
3. Calculate your approximate monthly premium: (Multiply your per $100 of Covered Monthly Salary by the appropriate cost from the chart above based on Option elected) | $37.50 x $1.34 = $50.25 |
Disability Insurance Calculator
How much do you need? Everyone's circumstances are different. This calculator will help you estimate how much coverage is right for you.*