If you suffer from an illness or injury that prevents you from working, you might qualify for short-term disability benefits as a temporary solution.
Life comes with sudden events. While most of these occurrences are manageable, others require more preparation to avoid any bumps in the road. So, what happens when things don’t go as you planned? If you suffer from an illness or injury that prevents you from working, you might qualify for short-term disability benefits as a temporary solution.
What Does Short-Term Disability Cover?
Short-term disability benefits temporarily cover a percentage of your salary while you cannot work due to illness or injury. Benefits coverage usually starts between one to fourteen days after the initial incident that prevents an employee from working. The employer usually offers this as part of group products.
Moreover, an employee may receive group coverage for short-term disability by either a contract agreement through an insurance company or a self-funded plan assigned by the employer. However, it’s vital to note that each state has its own policies for minimum coverage amounts.
What are the Coverage Criteria?
To attain short-term disability benefits from their employer, employees must work with the business full-time for a specific period before obtaining the benefits. Once this period has passed, employees are eligible for a paid percentage of their weekly salary for up to 52 weeks if they can provide official paperwork proving their illness or injury. Overall, this temporary coverage usually is within the 52-week maximum.
How Can The MWE Partnership Help You?
At the end of the day offering your employees short-term disability benefits can do wonders for your company. Being open to covering a massive portion of the premiums is an excellent way to increase your business’s voluntary benefit enrollment processes.
From online to in-person consultations, The MWE Partnership offers a hands-on approach to providing service for any concerns or questions you might have. In fact, our enrollment solutions are meant to be versatile and work with all company types. Consequently, our insurance agency offers various consultations with our skilled benefits counselors to meet the needs of your employees.
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on Twitter and LinkedIn for the latest voluntary benefit news!