Knowledge Center
2020 LTD Open Enrollment: December 1, 2019 - Jan 31, 2020
Long Term Disability (LTD) 2020 open enrollment is opening for our participants from December 1, 2019 through January 31, 2020.
If you work at least 18 hours a week, this is the time to talk to your employer about signing up for LTD insurance, which will help cover your essential costs in case of a serious disability.
Your LTD premium is based on your compensation and the benefit waiting period. If you want to adjust your contributions or your waiting period, make sure you notify your employer before they pay your premium. Talk to your employer if you have any questions about your coverage or visit our LTD page for premium rates and policy information.
What You Should Know
- Only employers can make LTD premium payments. Your employer must pay your premium by January 31, 2020.
- Disability benefits will be tax-free as long as your employer pays the premium with after-tax dollars.
- As an added benefit, if you and your employer contribute at least 10% of your compensation to RPB's retirement plan, you'll also qualify for free contribution insurance1. This continues your employer's retirement contributions in the event of a disability, and is a benefit no other LTD plan provides.
- Up to a maximum of 15% of compensation.