Disability coverage provides employees with income protection against disabilities and illnesses that prevent them from working. The risk of disability is greater than most people realize. Consider these recent statistics:
• Disabilities affect one-fifth of Americans (approximately 49.7 million)
• On average, about 2,329 disabling injuries occur every hour during the year
• A disabling injury occurs every eight seconds at work
Long Term Disability (LTD) — Long Term Disability provides monthly benefits for employees who are partially or totally disabled by a covered physical disease, injury, pregnancy or mental disorder. LTD insurance features flexible policy provisions that enable employers to customize their coverage choices.
Plan features:
• Up to 60 to 100 percent salary replacement
• Monthly benefit amount in excess of $25,000
• Definitions of disability covering own occupation, any occupation, and “zero-day” partial disability
• Own Specialty Definition of Disability for physicians and attorneys
• Assisted Living Benefits
• Lifetime Security Benefits
• Medical Expense Benefits
• Child Care Benefit
• And more …
Short Term Disability (STD) — Short Term Disability provides weekly benefits for employees who are partially or totally disabled by a covered physical disease, injury, pregnancy or mental disorder. Short duration disabilities are more common than long term disabilities and are costly to employers both in lost productivity and actual expenses, especially if an employer currently has a salary continuance plan for short-term absences. STD insurance offers an attractive way for employers to supplement their sick leave or statutory disability benefits programs and minimize the expense of continuing salaries while employees recuperate.
STD plans feature the following flexible policy provisions and options:
• Maximum benefit duration up to 52 weeks
• At least 70 percent salary replacement
• Benefit waiting periods starting at zero days for accidents, and illnesses and pregnancies
• First Day Hospital Benefit
• Daily Hospital Benefit
• And more ….
Following are some of the providers we recommend:
o Aetna
o Assurant
o Aflac
o Ameritus
o Anthem
o Boston Mutual
o Carefirst
o Cigna
o Coventry
o Destiny
o Dominion Dental
o Eastern Life and Health
o Flexamerica
o “Fort Dearborn life
o Genworth
o Guardian Life
o Great West
o Harleysville
o The Hartford
o Humana
o Jefferson Pilot
o Kaiser Permanente”:“http://www.kp.org
o Mamsi
o Metlife
o Mutual of Omaha
o Pacific Life
o Principal Insurance
o Prudential
o Reliance
o Sunlife USA
o Standard
o Superior Vision
o United Concordia Companies, Inc.
o UNUM
o Unicare
o Unimerica
o UnitedHealthcare
Loading...