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Short Term Disability Insurance

Is Short Term Disability Insurance Right for Your Business?

While health insurance may cover an individual's medical expenses, it won't help them pay for basic necessities. Short Term Disability (Weekly Indemnity) payments are a huge help during a temporary absence from work.

Short term disability insurance pays employees a portion of their income if they are unable to work due to sickness or injury.

Most options begin paying on the first, the eight, or the 15th day of disability, though longer start dates are not uncommon. A typical plan design might have benefits beginning on the first day of an accident or hospital stay and the eighth day from the onset of illness, and pay for periods of 15, 17 or 26 weeks.

If benefits under the Short Term Disability benefit are paid no later than the 15th day following the start of the employee's disability, companies may be eligible for a reduction in their Employment Insurance premiums (more information is available on the Employment Insurance Premium Reduction Program.

Coordinate with Long Term Disability Coverage for Greater Peace of Mind

If Long Term Disability coverage is part of the benefit package, many firms will choose Short Term Disability benefits that pay up to 17 weeks, allowing Long Term Disability coverage to commence right after the Short Term Disability benefits end. 

Chambers Plan Short Term Disability Insurance

We understand that each of our clients has a different budget and unique needs.

You will be able to decide how long your employees must be off work before they may begin to collect benefits, and how long they may collect benefits. 

For employees under age 65, Short Term Disability insurance benefits equal
66 2/3% of their gross income—up to $1,200 per week.

Ready to Learn More? Your Local Adviser is Ready to Help 

Request a quote and find out how we can help develop a custom benefits plan for your employees—including short term disability insurance.

Our Chambers Plan advisors work with thousands of new clients each month, including small business owners and larger firms. Let us help you too!

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