Could any other factors affect the benefit payment I receive?
If you receive benefits or income from certain other sources, your short-term disability payment will be reduced accordingly. Income from individual disability insurance policies and most deferred compensation plans (such as 401(k) or 403(b) plans) is not taken into account.
If you are partially disabled and working, your benefit payments may be affected. Your plan has a description of how earnings affect short-term disability benefits.
Short-Term Disability replaces a percentage of your pay if you are unable to work due to a disabling accident or illness. A Leave of Absence represents an absence from work which can be due to a number of qualifying reasons. The federal Family and Medical Leave Act (FMLA) allows employees to take unpaid job-protected leave for a defined period of time including but not limited to for their own serious health condition including pregnancy, to care for a family member with a serious health condition, to care for a newborn or newly adopted or foster child, for medical exigency reasons, and to care for a service member injured in the line of duty. In addition, most states also have leave laws. Some state leave laws are for family and medical reasons comparable to those provided under the FMLA but many states also provide leaves for other reasons. Examples include school visitations, volunteer firefighter leave, crime victims leave, and leave for reasons of domestic violence. Many employers also provide leaves of absence that go beyond what is required under FMLA or state leave laws. Examples include person leave, education leave, sabbaticals, and extended maternity and paternity leave.
As medical insurance protects you from the potentially enormous costs of health care, disability insurance can help protect your financial security and quality of life if you have a pregnancy, an illness or injury. Short-term Disability can replace an important part of your regular paycheck to make sure you can continue to pay bills – like mortgage or rent, groceries, car payments, even health insurance premiums – if you cannot work.
Long-term Disability can provide a buffer, protecting your assets – like your retirement plans or home equity, savings, or college tuition – if you're unable to work due to a covered extended disabling accident or illness.
Both Short-Term Disability and Long-Term Disability replace a percentage of your pay if you are unable to work due to a covered disabling accident or illness. Typically, Short-Term Disability plans provide coverage for about three to six months, while Long-Term Disability plans provide coverage for months or years longer. Please carefully read any communication or enrollment material from your employer, or check with your employer for details and terms of the specific coverage you may be eligible for.
Do I pay for a short-term disability plan?
Your employer determines the portion of the benefit expense that an employee pays for. Contact your benefits administrator for more details about your specific plan.
When should I file a claim?
You should file a short-term disability claim as soon as you or your doctor thinks that your disability will last at least as long as the elimination period. You don't have to wait until the elimination period has passed to file a claim. You can ask your benefits administrator to provide instructions for filing a claim with us.
What happens to my coverage if my employment terminates?
Your coverage ends. A short-term disability plan can't be converted to an individual plan. If your employment ends during a period of disability, the benefits continue as long as you remain otherwise eligible under the plan.
What if I can't return to work?
If you still can't return to work at the end of your benefit period, you may be eligible for long-term disability benefits.
What are short-term disability benefits and why are they important?
Short-term disability benefits help to protect your paycheck and your standard of living if you become disabled. The benefits replace a portion of your salary if you're out of work due to a qualified illness or injury. Pregnancy also is covered as a disability.
If I return to work after receiving short-term disability benefits and then go out again for the same diagnosis, is it a continuous claim or a new claim?
You won't have to re-satisfy the elimination period if you recover from a period of disability and the same (or related) disability comes back within the time period outlined in your plan.
If you recover from your disability, return to work and a new disability occurs, this disability will be treated separately. A new elimination period is required before short-term disability benefits could begin again.
Also, benefits aren't payable for any period of disability during which you're confined in a penal or correctional institution for conviction of a criminal or other public offense.
The kits also provide general information about the disability programs and our decision-making process that can help take some of the mystery out of applying for disability benefits.
The answers to that question are as different as you are from anyone else. They depend on your family situation, how much insurance you may already have, your income and assets, and your goals. Typically, people consider Short-Term Disability and Long-Term Disability insurance in terms of the percentage of their regular income that is replaced if they are disabled. People often consider Life and Accidental Death & Dismemberment insurance in the dollar amounts of financial security they would provide their families when they are gone.