2021 Employee Benefits Guide 2021 Employee Benefits Guide | Page 24

HOW TO CALCULATE YOUR TOTAL STD BI-WEEKLY COST

DISABILITY COVERAGE - RATES

S H O R T - T E R M D I S A B I L I T Y - R A T E S

Use the chart below to find the cost of STD insurance , based on your annual income and 40 % coverage amount . If your income is not indicated , use the worksheet below to calculate your total bi-weekly cost for STD .
Employee Bi-Weekly Cost Per Coverage Amount ( 40 % coverage amount , max benefit of $ 1250.00 )
Annual Income
Weekly Benefit
STD Cost
Annual Income
Weekly Benefit
STD Cost
$ 12,000
$ 92.31
$ 1.53
$ 60,000
$ 461.54
$ 7.67
$ 13,000
$ 100.00
$ 1.66
$ 65,000
$ 500.00
$ 8.31
$ 14,000
$ 107.69
$ 1.79
$ 70,000
$ 538.46
$ 8.95
$ 15,000
$ 115.38
$ 1.92
$ 75,000
$ 576.92
$ 9.59
$ 20,000
$ 153.85
$ 2.56
$ 80,000
$ 615.38
$ 10.22
$ 25,000
$ 192.31
$ 3.20
$ 85,000
$ 653.85
$ 10.86
$ 30,000
$ 230.77
$ 3.83
$ 90,000
$ 692.31
$ 11.50
$ 35,000
$ 269.23
$ 4.47
$ 95,000
$ 730.77
$ 12.14
$ 40,000
$ 307.69
$ 5.11
$ 100,000
$ 769.23
$ 12.78
$ 45,000
$ 346.15
$ 5.75
$ 125,000
$ 961.54
$ 15.98
$ 50,000
$ 384.62
$ 6.39
$ 150,000
$ 1,153.85
$ 19.17
$ 55,000
$ 423.08
$ 7.03
$ 162,500
$ 1,250.00
$ 20.77

HOW TO CALCULATE YOUR TOTAL STD BI-WEEKLY COST

Step 1
Indicate your weekly earnings by dividing your Annual Income by 52 .
= $
Step 2
Multiply your earnings by . 4 , . 5 , or . 6 ( based on level of coverage you select ).
= $
Step 3
Indicate the amount from step 2 here . If greater than $ 1250 , indicate $ 1,250 .
= $
Step 4
Step 5
Multiply the amount in step 3 by the rate of $ 0.036 to obtain your total monthly cost .
Multiply the amount in step 4 by 12 and divide by 26 to obtain your total STD bi-weekly cost .
= $
= $
City of Arlington / EMPLOYEE BENEFITS GUIDE 2021
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