Short and long term disability insurancePresentation Transcript
Short and Long Term Disability Insurance
What is it? Short and Long term disability insurance is a benefit that each employee has that is paid for 100% by IPMM. It is available in case of accident or illness that causes an employee to be out for a period of time. Disability Insurance is a valuable coverage employers provide it as an employee benefit because it protects people's most valuable asset - their ability to earn an income when they are unable to work.
Why go on Short Term Disability You suddenly become ill that requires you to miss a significant amount of work You are injured which prohibits you from being able to work You have a planned surgery/medical procedure.
Short Term Disability
How it works - Sickness
What about the first 7days? The first 7 days you either Don’t get paid Use your vacation or PTO time to get paid
How it works - Accident
Long Term Disability
How it works
If you have additional Short Term or Long Term Disability You can’t collect on both policies for their full benefit. You will only be paid a small portion from each policy.