The purpose of long-term disability insurance is to provide financial assistance to plan members who can’t work due to a medical condition. If you are covered by an employer-sponsored plan, the monthly long-term disability (LTD) benefits payable are based on a percentage of your pre-disability wages or salary and may be paid until you reach […]
Continue ReadingGoing From Short Term Disability to Long Term Disability
Disability insurance is meant to protect employees who suffer an unexpected illness or accidental injury. These policies pay benefits when a physical or mental impairment prevents them from working for an extended period, with benefits being available on a short- or long-term basis. Short-term disability insurance (STD) typically covers conditions such as recovery from pregnancy, […]
Continue ReadingWorkers’ Compensation vs. Short Term Disability
If you are unable to work due to an injury or illness, you may be wondering if you can get some type of benefits to cover your lost income. For many workers, there are two options for disabilities that are limited in duration: workers’ compensation and short-term disability benefits. While both are meant to help […]
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