BEST Life Short Term Disability provides valued employees financial security and greater peace of mind.
Help employees bounce back from back injury, maternity leave, or treatment from a serious illness with the addition of BEST Life's Group Short Term Disability insurance.
On BEST Life Short Term Disability, an injured employee who cannot work for a few weeks or months will not have to worry over the loss of a paycheck. Instead, the employee receives income replacement, which amounts to a percentage of their salary or a flat weekly dollar amount.
Injuries happen more than we would like to think, and with an aging population are bound to be more common:
According to the International Society of Certified Employee Benefits Specialists (CEBS), 30% of employees ages 35 to 65 will become disabled for at least 90 days and at least once during their working years."
The Social Security Administration states that there will be a 37% increase in disability insurance incidences due to the aging workforce. “A healthy productive workforce,” the survey concludes, “positively impacts bottom-line profitability.” |
Sometimes, as in the case of a maternity leave, an employee knows when they will need extra time off. Short Term Disability insurance allows for planning ahead and budgeting through this work hiatus.
However, other injuries, like car accident or a back injury, are events that cannot be planned for. These are when the benefits of BEST Life Short Term Disability are greatly appreciated – for their financial assistance, and for their rapid response to an unexpected event. Depending on the plan selected, benefits can start as soon as one day after the accident or injury.
Most companies offer sick days for their employees. If those days are already used, or if the medical condition lingers beyond the number available, BEST Life Short Term Disability insurance can fill the gap.
Short Term Disability benefits express an employer’s appreciation for full-time employees, and an incentive for key personnel to remain with the company. It may also have a positive impact on the quality of future hires and help your company compete within your industry.
A reasonably priced, flexible plan from BEST Life protects employees during a crisis, provides valued benefits for employees, and helps to maintain a stability in personnel that benefits the bottom line.
BEST Life offers employer-contributory or voluntary Short Term Disability plans to employer groups with five or more employees enrolling. Coverage for partial disability and maternity can also be added upon request.
Percentage benefits range from 40% to 70%, up to a maximum of $1,000, or a flat weekly benefit amount between $250 and $1,000. All benefit options may vary by group size. Companies can select a duration option of 13 weeks, 26 weeks or 52 weeks.
Higher weekly maximum benefits are available for groups with 50 or more employees enrolling. Benefits can begin as early as the first day of injury.
Available for businesses located in AR, DC, HI, ID, IL, IN, KY, MO, MS, NE, NM, OH, PA, SC, SD, TX, UT and WY.
Different companies may require different types of Short Term Disability insurance, and may need help reviewing the various plans available to determine which is right for them. At BEST Life, we’re here to help. Please fill out the request form below to request a consultation today.
