Minimum Monthly Benefit

Some policies—most often group policies and employer-sponsored plans—contain offset provisions that reduce your total monthly benefit if you are receiving benefits from other sources, such as Social Security disability benefits or Worker’s Compensation benefits.  Typically, these policies will also contain a provision that states the minimum amount you will be paid as a monthly benefit, regardless of the total amount of your other income benefits.  The minimum monthly benefit amount is typically a very small fraction of your total benefit amount.

Click here for more information about how offset provisions can reduce your monthly benefits.