How much your coverage will cost

The cost of basic STD and LTD coverage is paid by Bloomin’ Brands. When you elect either or both Buy-Up coverages, you are authorizing payroll deductions from your paycheck.

Cost of STD Buy-Up

The cost of this coverage is $0.104 per $10 of monthly covered earnings. Costs are subject to change. To calculate the cost of your coverage, follow these steps:

Step 1. Start with your gross or pre-tax weekly pay (not including commissions, bonus, or overtime).

Step 2. Multiply this gross weekly pay amount by 0.60 and round to the nearest dollar. This weekly benefit amount cannot exceed $2,000.

Step 3. Multiply this weekly benefit amount by $0.104.

Step 4. Divide by 10 to determine the monthly premium.

Step 5. To convert the monthly premium into a biweekly paycheck contribution, multiply by 12 (annual rate), then divide by 26 (number of pay periods).

For example, for a weekly salary of $1,000, your biweekly STD Buy-Up premium would be $2.88.

Cost of LTD Buy-Up

The cost of this coverage is $0.272 per $100 of monthly covered earnings. Costs are subject to change. To calculate the cost of your coverage, follow these steps:

Step 1. Start with your gross or pre-tax monthly pay (including bonus, but not including commissions or overtime). Please note this amount cannot exceed $25,000.

Step 2. Multiply this gross monthly pay amount by $0.272.

Step 3. Divide by 100 to determine the monthly premium.

Step 4. To convert the monthly premium into a biweekly paycheck contribution, multiply by 12 (annual rate), then divide by 26 (number of pay periods).

For example, for an annual salary plus bonus of $60,000, your biweekly LTD Buy-Up premium would be $6.28.