The Insurance and Benefits Trust regularly review Short and Long Term Disability plan rates to ensure high standards for members at an affordable cost.
Following extensive deliberation and negotiations with MetLife, and after thorough discussion, the Board of Trustees approved a rate increase during the September IBT Meeting.
It was determined that, effective January 1, 2025, nearly all Short and Long Term Disability plans will experience a modest rate increase of $2.00 or less per month. This adjustment helps maintain the quality and sustainability of these benefits for members.
Safety Plans Effective 1/1/2025
| Plan | Rate | Change in Rate |
|---|---|---|
| Silver | $18.50 | No Change |
| Gold | $31.50 | +$1.80 |
| Platinum | $36.00 | +$2.00 |
Non-Safety Plans Effective 1/1/2025
| Plan | Rate | Change in Rate |
|---|---|---|
| Gold | $22.80 | +$1.30 |
| Platinum | $26.000 | +$1.50 |
Disability can have a profound financial impact on you and your family. While some may manage without income for a short period, few can sustain this over the long term. Planning for such situations is essential to maintaining your family’s financial security and well-being.
The IBT’s Short and Long Term Disability plans offer associations and their members a unique combination of affordability, comprehensive benefits, and outstanding long-term financial stability.
Associations have the option of several group plans to choose to implement and best meet their specific needs. You can join the over 22,000 participating members from 192 associations is securing you and your family’s financial well-being.
Currently the IBT has a dedicated in-house staff to process claims, and beginning January 1, 2025 will bring additional administrative duties in-house. We are here to answer any questions you may have about coverage or the upcoming rate changes. You can contact the Insurance and Benefits Trust at (800) 655-6397.
Featured in the December 2024 issue of PORAC Law Enforcement News.