Premium
Insurance Rates for STD Coverage are composite
rates for the whole group covered under the
Union STD Plan. This allows everyone in
the plan to pay the exact same Insurance Rate
for coverage.
The
STD Plan composite Rate is charged per each $10
of short-term disability benefit provided by
contract.
An example
of a calculation for the monthly premium of a
flat weekly STD benefit of $315:
$315 STD
weekly benefit divided by $10 of STD benefit =
31.50
31.50 x
.98 composite rate of insurance = $30.87 monthly
Premium.
Copyright 2013
Allison-Brock, Inc.
P.O. 8727
Roanoke, VA 24014
1-877-347-7687 Toll-Free