Group Short Term Disability
Insurance
Short term disability covers a percentage of an
employee’s income (typically 60-70 % to a weekly maximum benefit)
to a maximum pay out of 13 to 52 weeks.
Example of
Short Term disability plan design:
1 / 8 / 26 60% of weekly salary
Benefits
are payable on the:
1st Day of an accident
8th Day of a sickness
26 Is how many weeks benefits will be paid
Plan design & benefit duration will vary based on group size
or carrier limitations
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