30-Group LTD Premium Rate History July 1, 2020 - June 30, 2024.pdf

The document is an Addenda No. 3 detailing Group Long-Term Disability (LTD) Premium Rate History for two specific time periods: 7/01/2020 to 6/30/2024 and 7/01/2024 to 12/31/2025. The addendum includes two exhibits (Exhibit B and Exhibit B-1) that outline premium rates per $100 of coverage, categorized by employee age groups.

The premium rates are structured across five age brackets: Under 40, 40-49, 50-59, 60-64, and 65+. For the first period (7/01/2020 to 6/30/2024), monthly rates range from $0.150 for employees under 40 to $1.090 for employees 65 and older. The second period (7/01/2024 to 12/31/2025) shows a slight increase in rates, with monthly rates ranging from $0.160 for employees under 40 to $1.190 for employees 65 and older. The incremental rate increases suggest potential adjustments for factors such as expected claims, administrative costs, or demographic shifts in the covered population.