Rate and design changes

To continue providing BBI Team Members with a competitive overall Total Rewards package, the contributions you and your family pay may increase annually. There are ways you can help to reduce these increases over time.

For 2023, the Short-Term Disability (STD) Buy-Up option rate is increasing slightly to $0.121 per $10 of monthly covered earnings, and the Long-Term Disability (LTD) Buy-Up option rate is decreasing slightly to $0.28 per $100 of monthly covered earnings.* There is no change to the benefits available. The rate change is because BBI has aligned the STD benefit period and LTD waiting period to be consistent with market practices. The STD benefit period will be up to 180 days instead of 90 days, and the LTD waiting period will move from 90 days to 180 days.

* Note this rate for 2023 may reflect a reduction from prior communications. $0.28 is the 2023 LTD buy-up rate.