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Frequently Asked Questions
ABOUT GROUP DISABILITY INSURANCE
Doesn't workers compensation cover all the expenses associated with being out of work due to illness or injury?
This is a common misconception. Workers compensation only covers incidents that happen while the employee is at work. But often a disabling injury or illness happens off-the-job, making the employee ineligible for these types of benefits. Most short-term disability polices only cover off-the-job incidents; however, long-term disability can help provide benefit protection 24 hours a day.
 
By offering a group disability income insurance plan, you can help protect the financial well-being of your valued employees. This can help make your benefits package more attractive to new talent and your company more competitive overall.
​Will social security provide financial assistance? ​Yes and no. Social Security only covers long-term disabilities and offers just a fraction of what most families need to maintain their current standard of living. Plus, the application process can be tedious and many first-time filers find their claims are denied.
What plan should I offer? ​Generally, companies pair short- and long-term benefits to maximize coverage and give employees time to fully recover.
Who pays the premium? ​Many carriers offer employer-sponsored and supplemental/voluntary options. An employer-sponsored plan requires employers to pay some, if not all, of the cost of benefits. Supplemental and voluntary plans are paid 100% by employees.
What's the difference between a voluntary group plan and an individual disability policy? ​It’s easier for employees to access benefits with a voluntary group plan. And benefits are likely at a better rate since coverage is offered to an entire group.
 
Some carriers combine voluntary coverage with employer sponsored benefits—often called a core buy-up plan. With this setup, the employer pays the entire cost of the “core” level of benefits. If employees want to “buy up” for richer coverage, they do so at their own expense.
 
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