Short-Term Disability Insurance
FBMC Short-Term Disability Insurance
West Virginia University, through the Fringe Benefits Management Company, offers benefits-eligible employees a Short-Term Disability(STD) program. The plan is a pre-tax benefit. Standard Insurance Company underwrites this plan.
What is the STD Benefit?
The weekly Short-Term Disability (STD) benefit is based on the employee’s earnings from WVU. The group insurance policy refers to these earnings as pre-disability earnings.
The weekly benefit is 70 percent of the employee’s pre-disability earnings, reduced by deductible income. The maximum weekly benefit is $750. The minimum weekly benefit is $15.