How STD and LTD Work Together

Financial protection when you can’t work

Siemens Healthineers provides you with Short and Long-Term Disability benefits through Lincoln Financial that protect you financially if you are sick or injured for an extended period of time. A disability means that you are unable to perform one or more defined job responsibilities.

Short-Term Disability (STD)

Siemens Healthineers gives you short-term disability coverage for up to 26 weeks to help replace income during the first 6 months of a disability. STD benefits cover non-occupational claims only. If you become disabled, the company will pay 100% of your salary for weeks 2 – 9 of your disability and 66.67% of your salary for weeks 10 – 26.

Long-Term Disability (LTD)

Long-Term Disability (LTD) Insurance helps replace part of your income if you can’t work for a long time due to a physical or mental disability.

Here’s how it works

You get paid 60% of your monthly pay after being disabled for 180 days.
To qualify, you must be totally and permanently disabled and under a doctor’s care.
For the first 24 months, you’re considered disabled if you can’t do your job.
After 24 months, you’re considered disabled if you can’t do any job you’re qualified for, based on your skills and experience.
Your LTD benefit may be reduced if you get other disability payments (like Social Security or Workers’ Comp).
If you choose the company-paid plan, your benefit is taxable.
You can choose to buy your own LTD coverage with after-tax dollars, which gives you a non-taxable benefit equal to 60% of your salary.
If your pay goes up during the year, your coverage will increase too (up to $15,000/month), but your cost won’t change until the next annual enrollment period.
If your pay goes down, your coverage won’t change until the next calendar year.

If you have any questions or need to contact Lincoln Financial, visit MyLincolnPortal.com (Company Code Healthineers) or call 800-530-6506.