REMINDER: Long-Term Disability Special Open Enrollment

Important Announcement image of Renisha Gibbs, Associate Vice President

This message to faculty and staff employees has been approved by Renisha Gibbs, Associate Vice President for Human Resources and Finance & Administration Chief of Staff.

As previously communicated, Special Enrollment for FSU and Gabor Financial Solutions Group Long Term Disability Insurance ends on April 14, 2023. This is the first special enrollment for Group Long Term Disability in four years and is not available annually. Additionally, this is the only long-term disability insurance option available to FSU employees who are full-time or part-time with a .50 FTE or higher. 

Please remember to review your options and take advantage of this opportunity before the April 14 deadline

FSU's Group Long-Term Disability Insurance Overview:
This valuable coverage, offered by Gabor Financial Solutions in partnership with The Standard Insurance Company, provides employees an inexpensive way to protect a portion of their income if they become disabled.

Additional Features:

  • Replaces 60% of your income tax-free to a maximum of $15,000 per month 1 payable until your Social Security Normal Retirement Age (SSNRA).
  • Pays an additional 11% towards an annuity contract if disabled for more than 12 months.
  • Benefits begin after either 30 or 90 days, according to your chosen elimination or waiting period. 
  • Covers 80% of income up to a maximum of $20,000 until your SSNRA for "catastrophic disability. 2"
  • Includes a Lifetime Benefit of 60% of your income to a maximum of $15,000 monthly starting at SSSNRA in the event of "catastrophic disability."
  • Available through convenient payroll deduction.

How to Enroll:  

1 If you elect the 30-day plan, benefits from day 30 to day 90 will be paid on a weekly basis to a maximum of $3,462 under a Short-Term Disability policy. After 90 days of disability, benefits are paid monthly through a Long-Term Disability plan as described above.

2 A "catastrophic disability" is one that causes the loss of at least two of six Activities of Daily Living or a severe cognitive impairment. Catastrophic loss benefits pay after 90 days of disability and must occur while you are eligible for disability benefits.

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