Short term disability insurance may be provided by your employer, purchased as an individual policy or be a state-managed coverage program. Identical to all disability insurance policies this coverage pays you a percentage, typically 40 to 65 percent, of your base regular compensation.Short term disability insurance plans usually make payments for three to six months (although some plans have longer periods) after an injury or illness suffered by an employee in a non-work-related event. If you’re injured while on the job, you are usually covered by your employer’s workers compensation insurance.
Most short term disability coverage comes with a “waiting period” before payments begin. Although there are plans with no waiting period, most employer-sponsored policies mandate a 7- to 14-day waiting period after the disability date before you qualify to receive benefits.
Sometimes, there are different waiting periods, depending on whether you suffer injury (no or shorter waiting period) or illness (longer waiting period). Neither condition usually affects the specified length of time you’ll receive payments, only when they begin.
If the payment period runs out–and you’re still unable to work–long term disability coverage, if you have it, takes over and pays you as long as you remain disabled. You may or may not need to provide monthly confirmation of your disability from your doctor for short term plans.
To learn more about this program, contact Sackett & Associates Insurance Services, who have been serving Sonoma County for over 30 years. We offer both group and individual short term disability insurance coverage. If you’re interested in coverage, Sackett & Associates Insurance Services can give you multiple quotes along with our valuable advice. Call us today!