At HDF, short term disability insurance is available only within a comprehensive group benefits plan. Since premiums for this specialty product can be fairly expensive, short term disability insurance is typically suited for key employees of large companies who are extended this coverage in their group plan.
Short Term Disability Claims
Short term disability claims basically take the form of sick leave. Wage replacement benefits are payable on the first day of an accident or the 18th day of hospitalization. This waiting period is much shorter than that of long term disability insurance, which can be 30 days to 2 years. Short term disability benefits are also paid over a shorter time frame, typically 90 days, after which time long term disability insurance should apply.
Short Term Disability – Benefits for Professionals
Short term disability insurance plays an important role in personal and professional income protection. To find out if it’s right for your company or key employees, contact us today.