An injured employee is
worried about many things, including surviving without a paycheck. If the
accident happened off the job, Worker''s Compensation won''t cover it. If an
employee has to rely on savings, research shows this will last on average just
4.8 weeks. An insured Short Term Disability plan can replace up to 100% of the
income lost due to injury of sickness. Focusing on short term disability is the
first step to gaining control of overall disability costs. A well-managed STD
plan can help an employer identify, track and handle claims professionally and
consistently. Active claim management through a fully-insured plan can help
shorten the duration of disabilities through rehabilitation and return-to-work
efforts, reducing your costs and preventing short term disabilities from turning
into long term ones.
FAQs
Will our Worker''s Comp cover short term
claims?
62% of disabilities occur off the job. These are not covered by Worker''s
Comp.
Doesn''t State Disability pay for short term
disabilities?
Yes, but SDI only pays 55% of income up to $334 per week. An STD plan can be
designed with higher percentages and maximums to replace a larger amount of
income. The STD plan will pay on top of SDI to these higher amounts.
Does an insured STD plan cover
pregnancies?
Yes, pregnancies are covered as any other disability.
How often do short term disabilities
occur?
The average occurrence of STD claims is 65 per 1,000 insured lives per
year.
