Short Term Disability: What Is Long Term Disability?

Short term Disability is a program many people use to this day because of the benefits they receive from it when they have medical issues. What is short term Disability? According to book Employee Benefits written by Martocchio Short Term disability is an inability to perform the duties of one's regular job usually for less then 24 weeks. Conditions that include eligibility for benefits are recovering from surgery, recovery from injuries, treatment of illness that may require hospitalization, and pregnancy. An employer cannot deny you benefits for pregnancy because it’s covered under Pregnancy discrimination act of 1973 (MARTOCCHIO 174). Now there are a few things that majority of plans do not cover and it’s any mental illness caused by drug

Long term Disability (LTD) from book Employee Benefits written by Martocchio refers to illnesses or accidents that prevent an employee from performing his or her “own occupation” over a designated period. A lot of people get this confused with workers compensation. If you are injured from a work related incident then this is called workers compensation you cannot use long-term disability. If you have an illness or you are hospitalized for long period of time and requires rehabilitation then you qualify for long-term disability. Long-term disability is normally covered by your employer meaning you either pay into it or you get it as part of a compensation program you have with your employer. You also have the option to pay into the program with another company, but these pans are normally very expensive. This is where you do the cost analyst of your benefits. Is it more beneficial to go through my employer or a separate company? While you are on LTD you will receive approximately 50 to 70% of your base pay prior to getting taxed. This program doesn’t last forever they normally last for 2 to 10 years or up to the age of 65 this is the preferred policy that companies use. According to article what is long-term disability? Written by Susan Heathfield “Each long-term disability insurance policy has different conditions for payout, diseases or pre-existing conditions that may be excluded, and various other conditions that make the policy more or

What is Accidental death & dismemberment insurance? According to the definition from Bearu of Labor Statics its term used to “describe a policy that pays additional benefits to the beneficiary if the cause of death is due to a non-work-related accident. Fractional amounts of the policy will be paid out if the covered employee loses a bodily appendage or sight because of an accident”. ("BLS Glossary", 2016) This program does not stop you from receiving additional life insurance. This insurance program covers many forms of incidents such as Traffic accidents, homicide, falls, and heavy machine accidents and drowning. Now with these incidents there are a couple of incidents that are not covered suicide, war injuries, drugs and alcohol. If you have any drugs or alcohol in your system when the accident occurs they insurance company has the authority to withhold those