Short and Long Term Disability Plans protect your employees’ ability to earn an income in the event of a disabling accident or sickness.
When a disability strikes, statistics show that income falls while expenses tend to rise.
Additionally, speedy recoveries are not always possible. For example, 74% of males who are forty-five at the time of their long-term disability onset remain disabled two years later. A staggering 58% of those will still be disabled at the end of five years. There is no greater “living” need than protecting the ability to earn an income.
Short-Term Disability Plans are designed for income benefits to begin within the first thirty days of a disability. Under most plans, short-term benefits continue to be paid for the first 90 or 180 days of a disability. Group Long Term Disability Plans provide benefits that begin on the 91st or 180th day following the onset of a disability and provide benefits up to the normal retirement age of the individual as defined by Social Security.
- Taxation Matters!
- Know your options:
- Voluntary Plans
- Employer Paid Plans
- Combo Plans
- On-site Education
- Custom Enrollment Kits Employee Benefit Statements
- Benefit Portals…and more
- Needs Define!
- Definitions of Disability Survivor Care Rehabilitation Return to Work
- Workplace Modification Commission and bonus inclusion.
- Participation Saves!
- Education drives participation and employee appreciation.
- Let us help you communicate your plan.
- Design Counts!
- Integrate existing benefit structures such as vacation days and sick days.
- Benefit Onset
- Benefit Duration