Smart employers attract and retain top talent by offering Short-Term Disability (STD) and Long-Term Disability (LTD) Income Insurance as part of the employer paid benefits package.
Short-Term Disability (STD): During the time an employee is unable to work due to a qualifying disability (illness or injury), STD generally allows for income payments to the employee to begin after about a two-week waiting period and will continue to pay the employee until he/she recovers or maxes out the benefits--usually anywhere between one month to two years, depending on the policy.
Long-Term Disability (LTD): During the time an employee is unable to work due to a qualifying disability (illness or injury), LTD generally allows for income payments to the employee to begin after about a 90-day waiting period, although it could be much longer depending on the policy, but will continue to pay the employee far longer than STD--for a few years, up to age 65, or even for life.
Note: STD and LTD are also offered as voluntary supplemental insurance if the employer does not offer as an employer paid benefit. In fact, national surveys have shown that STD and LTD are so important to employees, it is the one of the few benefit they are willing to pay for themselves, if not offered as part of the standard benefit package.
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Employee Group Benefits
Group Disability Insurance
For information on New York State Disability, click here.