Disability

Home Your Benefits Disability

Life can be unpredictable, but your disability benefits through The Standard provide financial security to support you and your family.

Short-Term Disability (STD)

If you’re unable to work due to illness or injury, Short-Term Disability (STD) provides weekly income replacement to help keep your finances on track. This benefit is fully paid by Ferrotec.

  • Benefit Begins – After 7 days of continued inability to work due to a covered illness or injury. 
  • Coverage Amount – 60% of your income up to $2,000 per week maximum.
  • Continuation – Up to 12 weeks if you’re unable to return to work.

Long-Term Disability (LTD)

If you’re unable to work for an extended period beyond the STD limits, Long-Term Disability (LTD) coverage continues your income replacement.

  • Benefit Begins – After 90 days of inability to work, once short-term disability ends.
  • Coverage Amount – 60% of your income up to $9,500 per month maximum.
  • Continuation – Coverage ends when you return to work, or you reach Social Security Normal Retirement Age, whichever comes first.

Did you know…

While your coverage is employer-paid, you do not pay taxes on the premiums, so any benefits you may receive will be taxed like normal income.

Pre-Existing Condition Limitations

Any condition you received treatment for in the 3 months prior to coverage beginning is excluded (not covered) for the first 6 months of coverage. There is also a 24-month limitation for substance abuse and mental/nervous outpatient claims. See your plan details for more information.