Is Disability Insurance Important?

Especially in the world we live in today, disability insurance can prove to be one of the most valuable benefits you can have for yourself and as an Employer a benefit that truly completes your benefit package.

Disability insurance provides a monthly (long-term disability) or weekly (short-term disability) income benefit in the event you are unable to work due to an illness or injury. The income benefit you receive is usually based off a percentage of your regular income.

Short-Term Disability covers you for a smaller, short-term period. Usually not longer than 6 months.

Long-Term Disability covers you for more severe and long-term disabilities. Long-Term Disability can last through retirement. 

There are 5 U.S. states (California, New York, New Jersey, Hawaii, and Rhode Island) that offer state mandated short-term disability coverage. With the exception of these states an individual must either obtain this coverage on their own or through their employer.

Long-Term Disability is not a state mandated benefit.

As an Employer these benefits add an incredible value to your “benefit package” by retaining employees and attracting new employees. Protecting an employee’s income and assets provides financial security and peace of mind for them and their families in the event something unexpected happens. Knowing that you have a financial safety net can significantly reduce stress, allowing you to focus on your health and recovery.

Let us help you enhance your benefit package today!

If you have any life changes or updates to your benefits that you need us to address (I.e., address change, marriage, the birth of a child, loss of coverage, etc.) please do not hesitate to contact us at 215-579-5601 or email us at info@ewmginc.com.  

#uncomplicatedadvice #unparalleledservice #openenrollment #enrollment #healthinsurance #healthcoverage #employeebenefits #healthplan