Short-Term Group Disability Guide
Overview of short term group disability insurance
Group Short-Term Disability
Group short-term disability is the short-term disability insurance offered through an organization to its members.
Short Term disability insurance policies help provide income protection for a portion of your wages. Income protection only occurs though if you meet the policy's criteria and are unable to work any longer.
The financial protection is typically up to 70% of your job's wages for a short period of time.
How Long is Short-Term Disability?
Benefits of Group Short-Term Disability Insurance
There are many benefits for an organization to provide group short-term disability. These include:
- Increased eligibility pool
- Streamlined Underwriting
- Discount rates on Premiums
These pooled benefits can really help employers protect their employees' income. It can help minimize the financial stress employers would have to face if something happens to the employee.
Rather the employer can continue paying the employee's wages without the financial strain on the business.
What are the Most Common Examples of Short-Term Disabilities?
Some of the most common examples of short-term disability claims include:
- Rehab
- Maternity leave
- Temporary injury
- Mental Disorders
- Short-term illness
- Surgery and recovery after surgery
- Pregnancy and pregnancy complications
Who Pays for Group Short-Term Disability?
There are three ways to pay for group short-term disability policies.
- Employers have the choice to pay for the coverage themselves.
- Employers can offer the opportunity for employees to sign up and pay for the insurance themselves.
- There is a hybrid in which employers supplement the benefit.
Group Disability Agent Services
Langan Financial Group can help business owners, associations, and unions review group short-term disability insurance benefits.
Because Langan Financial Group is not tied to a specific benefits provider we can compare products from numerous companies.
This will allow us to see what product aligns best with your group's benefits needs.
We will do our best to provide you with the best options to choose from. We provide a collaborative approach when reviewing your options.
We will discuss the pros and cons of each policy, so you can make an informed decision.
Schedule a Chat with a Group Disability Insurance Agent
Langan Financial Group's insurance agents have over 100 years of experience servicing insurance policies for individuals and families.
Give us a call at 717-288-1880 to see how our local agents can help with your insurance policy needs. Or visit our group disability agent contact page to fill out an inquiry.
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Harrisburg, PA Office
Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880
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Address: 3405 Board Rd, Suite 200, York, Pa 17406
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