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What Short Term Disability Insurance Is and How It Helps

Although no one wants to go on disability, having short term disability insurance is a great option. In reality, although we can mitigate the effects of even the most dangerous jobs, anything can happen at pretty much any time. For this reason, people often choose to put short term disability insurance to work. There are different options for ways to take advantage of short term disability insurance. We are going to take a look at some of them as well as consider some of the benefits of short term disability insurance.

What Short Term Disability Insurance Is and Is Not

Some people are under the impression that short term disability insurance is something that is provided by the government. In other words, it is seen by some people as an entitlement program that is funded—at least partially—by the government. This is not the case. It must be acquired using a private provider, and the entity that secures it has nothing to do with the government. If you work for a company, your company is going to have access to short term disability insurance products. If they don’t have a selection of products on hand right now, they can easily inquire and set it up if it matches the company’s human resources objectives. On the other hand, you can set it up yourself as a private individual as well.

If you are an employer, you can offer short term disability insurance as part of your onboarding package. It doesn’t have to be “mandatory” or something that everyone in the company uses. However, it can be a solid option that may help attract new employees. This is especially true if the work your company engages in may involve an elevated risk of injury. Short term disability insurance can cover someone for a short period of time once their sick leave has been exhausted. It generally allows the employee to be paid for between 9 and 52 weeks, or one year.

Some of the Benefits of Short Term Disability Insurance

Employer health insurance, dental insurance, and other employee benefits have become a presumed part of the employment process in many developed countries. Even so, while most people are quite familiar with normal disability insurance, short term disability insurance may still be a novel idea. If someone gets injured, they are likely going to use their sick time. In some cases, the sick time is not enough to cover their full recovery. In this case, short term disability insurance can be used to augment the sick time provision. Depending on the policy, an employee can take as much as a full year to recover. Another advantage is that if someone gets an illness that is potentially contagious, they may be encouraged to stay home by a physician. This often results in the individual being at home even though they feel good enough to go to work. If this forces them to use up all of their sick time, they may start to get frustrated. In this type of situation, even though the employee was not injured, but simply got sick, short term disability insurance can help fix the problem. Insurance companies have several options for short term disability, and it would be a good idea to make sure everyone involved with HR is informed.

How to Find the Right Insurance Company

While short term disability insurance involves products that you may not be totally familiar with, there’s no need to worry. When you ask an insurance company about what they offer, you actually get to kill two birds with one stone, so to speak. Not only are you going to get information about the products in which you are interested, but you also get a chance to check out how they respond to a customer inquiry. If they are impatient, snappy, or dismissive of your concerns, you may want to check out some other options. Ask lots of questions, and feel free to use specific scenarios that your company may have to deal with. For example, if you have a lot of athletically active employees, there is an elevated risk for sports-related injuries. Ask what packages would best fit the interests of the company and its employees.

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