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The importance of disability insurance

Higginbotham

It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance. Why is disability coverage important? If you had a one-in-four chance of losing your house to a flood , you’d probably want to protect it with flood insurance. Savings can deplete fast.

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The Disability Insurance “trust gap” Part 1: Causes

Workers' Compensation Perspectives

[The following notes background and discussion points from a series of sessions Disability Management undergraduates completing a 4 th year course on Workplace Insurance and Benefits. Part 1 explores the reasons for the lack of trust in disability insurance. The trust gap is not unique to the disability insurance sector.

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Mental Injuries- Part 3: Implications for Disability Insurers and Workers’ Compensation

Workers' Compensation Perspectives

The apparent rise in mental disability claims is a significant issue for disability insurers and workers’ compensation systems. I accept the following as a fundamental principle for workers’ compensation: If work is the cause of injury and disability, then the compensation and treatment should be funded by the employer.

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NJ Workers’ Compensation Benefit Rates Increase in 2022

Workers' Compensation

The New Jersey Department of Labor and Workforce Development (NJDOL) announced increases in the maximum benefit rates for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation for the calendar year 2022. average weekly wage for 2020, which rose by 9.9

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NJ Rates to Rise in 2024

Workers' Compensation

hour, surpassing the goal set by Governor Murphy and the Legislature in 2019. BENEFITS RISE NJDOL also announced changes in the maximum benefit rates and taxable wage base for its Unemployment Insurance (UI), Temporary Disability Insurance (TDI), Family Leave Insurance (FLI), and Workers’ Compensation programs.

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Temporary Total Disability for Work injury: What will Workers’ Compensation pay?

Workers' Compensation Perspectives

2019 data from US Chamber of Commerce, 2019 Analysis of Workers’ Compensation Laws ; Canadian data, AWCBC webpage, “Temporary Total Disability Compensation” as of Feb 12, 2021 available at [link] ]. For this reason, most group short and long-term disability insurance plans will not allow “stacking” of benefits.

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Do small businesses have to provide health insurance?

Higginbotham

According to the Integrated Benefits Institute, employers lost $575 billion in lost productivity costs in 2019 due to illness. Does your small business need help offering health insurance? Navigating health insurance can seem complicated, but it doesn’t have to be. Learn more.