An injured employee is worried about many things, including
surviving without a paycheck. Since 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.
Short Term Disability