Disability Leave Services: What to Know About Long-Term Disability

Disability Leave Services: What to Know About Long-Term Disability

Did you know that around 61 million American adults have some type of disability? Disability can affect anyone at any time. That’s why many employees wish to get coverage.

If you’re an HR professional, attorney, or risk manager and want to learn more about long-term disability insurance and disability leave services, you’ve come to the right place.

Below, our vocational and disability management experts share everything you need to know about this type of insurance. Our vocational experts also explain how you can get in touch with our disability management consulting services for more detailed information and support.

What is Disability Leave?

An employee who is unable to execute the essential duties of their job due to a medical condition may be awarded disability leave.

Disability leave is a permitted leave of absence offered as a disability accommodation. It is not classified as accrued time off.

What is Long-Term Disability Insurance?

If an employee becomes disabled and cannot work, long-term disability insurance is helpful. It’s a policy that pays the policyholder direct monthly benefits to replace a portion of their wages.

Workplace disability insurance covers critical illnesses and injuries that prevent someone from working. It also covers long-term disabilities that prevent employees from ever working again.

Long-term disability insurance is a wise investment for healthy adults. It may be obtained as an individual or as a group.

How Does Long-Term Disability Work?

Generally, long-term disability insurance functions similarly to other types of workplace insurance.

How Long Does Long-Term Disability Last?

As long as premiums get paid on time and in full, long-term disability coverage will remain in effect.

The benefit period of a policy determines how long long-term disability benefits will last. For example, the benefit term could be for a specific number of weeks, months, or years, or it could be until a particular age.

Benefit periods for long-term disability insurance policies typically range from two to ten years or up to retirement age.

Is Long-Term Disability Insurance Worth it for your Business?

Anywhere, at any time, there is a chance of a significant workplace accident or workplace injury. Waiting until an employee becomes disabled will make it impossible to obtain coverage.

Because of this, believing “it won’t happen to me” is the worst thing one can do.

Furthermore, there is a significant financial incentive for creating a strategy right now. Like most types of health insurance, long-term disability insurance grows more expensive as an employee ages.

Because of this, it makes sense to lock in a cheaper rate when an employee is young.

Consider Our Disability Leave Management Services

Now that you know more about what long-term disability insurance entails, check out our disability leave management services at SolutionsNW.com! Our vocational consultants can help you navigate any confusion you may have on this topic.

To learn more about our disability management services, contact our professionals today.

At Solutions Northwest Inc., our vocational experts are involved in  ADA Accommodations , personal injury, workers’ compensation, and family law.

Contact us today to make an appointment.

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