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Short & Long-Term Disability Insurance

  • 1.  Short & Long-Term Disability Insurance

    Posted 11-01-2018 09:16
    I'd like to get an idea of how other companies handle Short- and Long-Term Disability insurance. If these policies are offered, does your company: (1)  provide and pay for these policies as a benefit to employees, (2) fund one policy and let employees purchase a supplemental policy for the other, (3) offer one or both policies as elective, employee-funded supplemental policies?

    My employer (GC) currently self-funds Short-Term Disability for 13 weeks with a certain number of weeks at full pay based on the employee's years of service and remaining weeks at 60% pay. We also pay for a Long-Term Disability insurance policy which covers all employees.

    Amanda Raman
    Therrien Waddell, Inc.