Group Disability Coverage

Short term and long term coverage for your employees.

Based on a 2006 survey conducted by the International Society of Certified Employee Benefits Specialists, benefit managers reported Group Disability Insurance coverage as the number three priority and ranking in the employer’s total benefit package following benefits for Medical, and Dental.

In addition to health care, dental and life insurance benefits, many employers offer disability insurance benefits to attract and retain employees.

Typically, these employers offer both Short Term disability and Long Term disability insurance benefits in a variety of ways:

Some employers pay 100 percent of disability insurance premiums and give the benefits to all eligible employees.
Others offer disability insurance benefits at discounted group rates and give eligible employees the option to elect coverage.
Still others offer short-term disability insurance at no charge to employees, and give eligible employees the option to elect long-term disability insurance at discounted group rates.

Highlight of Group Short-Term Disability Coverage:

Pays a percentage of an employee's salary if they become temporarily disabled, meaning that they are not able to work for a short period of time due to sickness or injury.
A typical Short Term Disability policy provides a weekly portion of the employee's salary (usually 50, 60, or 66 2/3 percent) for 13 to 26 weeks, with payment being capped at a monthly maximum benefit amount.

Highlights of Group Long-Term Disability Coverage:

Replaces part of an employee's salary if they are disabled and unable to work for an extended period of time.
A typical policy replaces at least half of an employee's salary up to a specific maximum benefit and is often effective immediately after the expiration of Short Term Disability insurance coverage.
Benefits from group Long Term Disability insurance policies may continue until the employee reaches age 65 (or the defined retirement age under Social Security), or until the employee is able to return to work.

Let our qualified and experienced Employee Benefits Consultants assist you in developing a Group Disability plan to hire and retain the best workers for your company.