If you have an illness or injury that prevents you from working, you may qualify for short-term disability insurance as a temporary solution.
Life comes with unexpected circumstances. While most of these occurrences are manageable, others require preparation to avoid any bumps in the road. What happens when things don’t go as you planned? If you have an illness or injury that prevents you from working, you may qualify for short-term disability insurance as a temporary solution. Let’s explore more about this topic.
What Does Short-Term Disability Cover?
Short-term disability insurance temporarily covers a percentage of your salary while you cannot work because of an illness or injury. Benefits coverage typically kicks in between one and fourteen days after the initial incident, which prevents an employee from working. That is because the employer generally offers this as part of group products.
Furthermore, an employee can receive group coverage for short-term disability by either a contract agreement with an insurer or a self-funded policy assigned by the employer. However, it’s essential to note that each state has its own insurance plans for minimum coverage amounts.
Criteria for Attaining Short-Term Disability Insurance
To obtain short-term disability insurance from their employer, employees must work with the business full-time for a specific period. Once this period has passed, employees are eligible for a paid percentage of their weekly salary for up to 52 weeks if they can demonstrate official paperwork proving their illness or injury.
How Can the MWE Partnership Assist You?
Ultimately, offering your employees short-term disability insurance can significantly enhance your company. Being open to covering a sizeable portion of the premiums is an excellent way to boost your business’s voluntary benefit enrollment processes.
From online to in-person consultations, the insurance agents at MWE Partnership can offer a hands-on approach to addressing any concerns or questions you might have. Additionally, our enrollment solutions are flexible and work with all company types. Overall, our insurance agency provides 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 X and LinkedIn for the latest voluntary benefit news!