Author Box
Articles Categories
All Categories
Articles Resources

Short Term Disability Insurance Program

January 03, 2012 | Comments: 0 | Views: 170

An organization, known as the short term disability insurance program, have the ability to assist injured employees. The organization prides themselves on bringing benefits and support to disabled employees. The coverage that is offered is short term because the injury is not life altering. The financial coverage is given periodically based upon qualifications. There are many facets of such coverage that needs to be considered.

The coverage, if not specified within the contract, will begin two weeks after the injury. The person has to be immobile or incapable of complete work-related duties to gain compensation or benefits. Sick leave days are usually taken into consideration before the benefits are given. Tax implications cannot be avoided depending on the benefits given.

The cost of the coverage can be worrisome. There is nothing to stress over because the employer will pay for the coverage. In some cases, the employer will require the employee to pay for their own benefits. These benefits will be taken from the salary or weekly paycheck in the form of taxes. You also have the ability to obtain your own coverage using a variety companies.

The terms and regulations are bound to differ from one another. The policies in the disability insurance companies will determine the type of benefits an employee may obtain. Eligibility and qualifications are usual based upon how long the employee has worked for the company and whether it was full-time or part-time. In most cases, coverage can only be garnished if the employee works full-time. These are usual requirements for company coverage.

There are several concepts of a contract agreement for disability assistance. It is pertinent that an individual understands the concepts to choose the proper one. The aspects that should be taken into consideration is the amount of current income generated, how much you want monthly, and other customization needs. Employers will require an individual to show documentation of injury or bruising to verify physical damaging. The employer should be able to offer assistance to create a package that will fit your budget and need.

The packages that are available are not extensive. However, they can be adjusted to fit your needs. The benefits and contract agreement should specifically state the duration of the financial assistance, weekly rate or percentage given, and whether or not full amount should be consumed during the duration.

Each state has different regulations and short term disability insurance policies and qualifications. Make sure to verify regulations and available benefits.

You can find more information regarding disability insurance at http://onlinedisabilityinsurancecompanies.com

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

Disability Insurance

,

Short Term Disability

,

Insurance Program

,

Disability Insurance Program

Auto insurance is probably one of the most expensive insurance types in Canada. An average car insurance policy in Canada costs approximately $1,200 per year and in Ontario, the largest Canadian

By: Alex Saltykov l Insurance > Car Auto l July 09, 2013 lViews: 552

Your house is often your largest investment that you need to protect via insurance. We created a list of multiple savings tips related to Home insurance and hope that these will help you to save a

By: Alex Saltykov l Insurance > Home Owners Renters l December 27, 2012 lViews: 379

Most auto insurance companies design specific car insurance policies for classic and antique cars. If you think you have a classic car and want classic car insurance, you will need to be sure that

By: Richard l Insurance > Car Auto l October 17, 2012 lViews: 570

Business Overhead Expense Insurance Plans can provide cash flow to the business in the event of a disability to a key employee or owner. For a small, growing company it might make the difference

By: T. Spencer White l Insurance > Disability l July 17, 2012 lViews: 242

Workers compensation costs are rising. According to a recent report by the Workers Compensation Research Institute (WCRI), indemnity costs per claim (the loss of earning capacity, payments for lost

By: Kelly C. Williams l Insurance > Workers Compensation l July 08, 2012 lViews: 220

One of the most helpful government programs out there is the SSI Disability program. A person that is legitimately disabled, and cannot work to provide an income for themselves for their family

By: Oleg Winter-Burnett l Insurance > Disability l July 04, 2012 lViews: 281

Business Overhead Expense Insurance Plans can provide cash flow to the business in the event of a disability to a key employee or owner. For a small, growing company it might make the difference

By: T. Spencer Whitel Insurance > Disabilityl July 17, 2012 lViews: 242

One of the most helpful government programs out there is the SSI Disability program. A person that is legitimately disabled, and cannot work to provide an income for themselves for their family

By: Oleg Winter-Burnettl Insurance > Disabilityl July 04, 2012 lViews: 281

It is an unfortunate reality that sometimes terrible things happen and we are left unable to work. Although things like the disability application can seem very difficult to get through you still

By: Oleg Winter-Burnettl Insurance > Disabilityl July 04, 2012 lViews: 266

If you can't work due to a medical condition, you may be eligible for disability benefits through the Social Security Administration. Before beginning the application process, there are some things

By: Suzanna Lakerl Insurance > Disabilityl June 29, 2012 lViews: 250

Life takes a toll and moves at the speed of light. Over time we focus on priorities that are more immediate than others. With certain things, since there is no immediate pain, we tend to put off

By: Butch Zemarl Insurance > Disabilityl June 27, 2012 lViews: 152

The SSI disability program or the Supplemental Security Income program is designed to help blind, aged, or disabled people who don't have the means to help themselves. The program only covers those

By: Oleg Winter-Burnettl Insurance > Disabilityl June 10, 2012 lViews: 195

A high risk life insurance plan is a special type of insurance designed for those people, who are exposed to risky jobs. For instance, jobs such as piloting plane, scuba diving, car racing,

By: Ray Robertosl Insurance > Life Annuitiesl April 09, 2012 lViews: 197

Discuss this Article

comments powered by Disqus