Employee disability benefits may be available to you through work, both on an optional and required level. If you cannot work due to an illness or accident that occurred on the job, you may find that disability benefits are made available to you. There are two different types you may come into contact with: Short-term and long-term disability benefits.
Differences Between Long-Term and Short-Term Benefits
Long-Term Disability: These cover employees who have become disabled and are unable to work for long periods of time, of up to six months or longer. This insurance will usually include 50% of pay to disabled employees and will usually be paid up until the employee is 65 years or older (retirement age).
Usually with long-term benefits, an employee does not have to be permanently disabled to receive them. However, many workplaces will require that the employee was a regular, full-time employee for at least a year.
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Short-Term Disability: These policies are typically privately bought by employees. These benefits are designed to provide income to employees who have become disabled due to sickness or an accident. These benefits will usually last less than 13 weeks depending on how long you require them.
Many businesses are required to cover these benefits in the event that you will become ill or injured on the job. Call us today if you need help after receiving a workplace injury and aren’t quite sure where to turn.