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Eligible workers enrolled for health benefits under WELS VEBA are automatically enrolled for LTD benefits. The cost for the LTD coverage is included in the WELS VEBA premiums.
For workers who are not enrolled for health benefits under WELS VEBA but are enrolled in the Optional LTD benefits, the annual cost for the Optional LTD coverage is calculated by multiplying the premium rate times the worker's gross annual compensation. The current premium rate is .36%.
Example: The annual cost to cover a worker whose gross annual compensation is $25,000 would be $90.00 (.0036 x 25,000 = $90.00).
Please use the form below to calculate your annual and quarterly premiums.
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