Kinds Of Short Term Disability Insurance Offered
Short term disability insurance covers a percentage of a worker's weekly salary
in the event that they suffer a debilitating illness or injury that prevents them from working. Insurance companies offer a wide variety of policy options, which lets holders to find one that meets group and individual needs.
To ensure optimal employee health and a smooth and productive working environment, most employers supply short term disability insurance for their workers. Because the employer decides on the conditions of the policy, the employee might have little, or no, say in the benefits chosen. One of the top benefits of this type of plan is that it is less expensive than an individual policy.
Because it offers individuals the option to choose their own policy, which is an option unavailable in an employer provided group plan, many employees with special needs opt for individual short term disability insurance policy. This allows them to select particular benefits that better suit them as individuals, instead of having to pay out of pocket for medication and other treatment that is not included in their company provided policy. One thing that makes it easier to qualify for this type of insurance, and lowers premiums, is a good medical record.
Voluntary short term disability insurance is a payroll-deducted policy that allows an employee to pick individual benefits when group plan does not provide them the coverage needed. In order for this type of policy to take effect, an individual might have to go through an initial waiting period. This type of plan offers the same options as group and individual policies, continues with an employee even if they leave their company, and generally includes maternity health insurance coverage.
Infertility health insurance covers the expensive costs involved with artificial reproductive techniques, monitoring of high-risk pregnancies, treatment costs during pregnancy, and other associated treatments. This kind of infertility related health care is limited for most standard policies. That makes it an excellent option for couples who want to start extending their families in the near future. Since the treatments are so expensive, couples should be aware that the premiums on this type of plan tends to be more expensive than more standardized policies.
Each insurance company provides slightly different policy options, terms, percentage of weekly wages that they will pay, and the amount of time that they cover in the event of illness or accident. So, it is a good idea to check with various different companies, and then an insurance agent, to be sure you understand exactly what each one offers. That way you can be sure to get the policy you need, at the price you can afford.
by: Carolien G. Painteer
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