Summary of Long Term Disability Plan Document

This is a Long Term Disability (LTD) Plan document related to the City of St. Petersburg's insurance procurement for group life and disability coverage. The document outlines the LTD plan specifications that qualified insurance carriers must provide as part of a fully insured group coverage offering. The LTD plan is one component of a comprehensive ancillary insurance package that also includes Basic Group Term Life/Accidental Death and Dismemberment (AD & D), voluntary supplemental life coverage options for employees, spouses, and children, and voluntary personal AD & D. The City seeks proposals from direct insurance providers rather than brokers, with the objective of securing the most advantageous coverage at the lowest long-term net cost to both the municipality and its eligible members, including employees, retirees, and dependents.

The LTD plan document establishes the detailed underwriting criteria, benefit structures, eligibility requirements, and policy provisions that bidders must incorporate into their proposals. The plan addresses coverage parameters including definition of disability, benefit duration, waiting periods, offset provisions, and exclusions applicable to the covered population. As the plan functions as a specification document within a larger insurance procurement, bidders are required to provide pricing and terms that align with these documented standards while demonstrating competitive advantage through cost efficiency and comprehensive coverage design. The document serves as the technical foundation for evaluating proposals and ensuring all bidders understand the minimum plan design requirements necessary for participation in the City's insurance program.