Why employers should add child disability insurance to their benefits suite
Employee Benefit News
JUNE 3, 2024
Juno is the first company to offer child disability insurance for workers in the U.S. Do employers need it?
Disability Insurance Related Topics 
Are You Actually Covered? It’s Time to Evaluate Your Group Disability Insurance
CorpStrat
MARCH 21, 2024
If your company provides Employee Benefits, there’s a good chance you’re enrolled in a Group Disability Insurance plan. We’ve observed a common trend: many Group Disability programs are neglected and outdated. Failing to do so may result in missed opportunities for cost savings or better coverage.
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How Does Disability Insurance Work? | BerniePortal
BerniePortal
APRIL 29, 2022
Employers often offer ancillary benefits like disability insurance as part of the enrollment process , but unlike health coverage , not all employees will need ancillary benefits. So, what is disability insurance? Here’s what you need to know, including the difference between short- and long-term disability coverage.
Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance
CorpStrat
FEBRUARY 12, 2024
We’re talking about things like illness, disability, or the loss of a key team member. This is where the importance of employee benefits, key person insurance, and disability insurance comes into play. Protecting Your Business MVPs Most companies have health insurance to cover medical expenses and illnesses.
Disability Leave vs. Disability Insurance: What’s the Difference? | BerniePortal
BerniePortal
AUGUST 17, 2021
When it comes to disability leave and disability insurance, there’s a lot that employers need to know in order to best support their teams. Many people refer to disability benefits, insurance, and leave interchangeably, but the differences are significant when it comes to compliance and benefits administration.
An Overview of State Disability Insurance for Employers
Patriot Software
MARCH 14, 2022
In some cases, the employee must receive short-term disability insurance benefits. But, that all depends on whether you decide to offer it—or whether your state forces you to due to a state disability insurance program. What happens? Does yours? Let’s […] READ MORE.
OASDI Tax: Old-Age, Survivors, and Disability Insurance (OASDI) Tax Deductions
Patriot Software
JUNE 18, 2024
One of the taxes you must withhold from employee wages is the Old-Age, Survivors, and Disability Insurance (OASDI) tax. Tax withholding is an essential piece of the payroll puzzle. You must also contribute an employer portion of the OASDI tax. OASDI tax is more commonly referred to as Social Security tax.
Who Needs Disability Insurance?
Fringe Benefit Analysts
MARCH 2, 2022
That’s where disability insurance comes in. What is Disability Insurance? Disability insurance can replace your lost income if you’re unable to work due to illness or injury. Think of it as insurance for your paycheck, which is likely your most valuable asset. Who needs disability insurance?
Workers’ compensation vs disability insurance
Higginbotham
MARCH 2, 2023
Workers’ compensation and disability insurance are two different types of programs that can provide benefits. Learn about the differences between workers’ compensation vs disability insurance and why your workers may need access to both. What are disability insurance benefits?
Disability insurance for business owners
Higginbotham
JULY 17, 2023
If you’re someone who’s familiar with the intensity of that commitment, have you considered what would happen to your business if you were unable to work due to a disability? In this article, we will explore the importance of disability insurance for business owners and how it can help protect your livelihood in times of need.
The importance of disability insurance
Higginbotham
AUGUST 25, 2023
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.
How to Communicate About Disability Insurance
Winston Benefits
OCTOBER 11, 2016
This avoidance can have dire consequences, because the Social Security Administration says more than a quarter of today’s 20-year-olds will be disabled at some point before age 67. Communicating about disability insurance takes discretion and compassion as you debunk misunderstandings about the product.
Group Disability Insurance: Just How Important Is it? (Hint: Very)
CorpStrat
JULY 15, 2021
That’s where Group Disability Insurance comes in. Group Disability Insurance is: 1.) Some people are under the false impression that Group Disability Insurance is expensive. In the event of the unthinkable, NOT having Group Disability Insurance is far more costly. Extremely affordable.
Does your disability insurance cover long COVID? What's at risk for employers and employees
Employee Benefit News
FEBRUARY 22, 2024
Conway is representing a plaintiff who was denied disability coverage by Hartford Life and Accident Insurance Company. ERISA attorney J.J.
The Disability Insurance “trust gap” Part 2: Actions
Workers' Compensation Perspectives
SEPTEMBER 23, 2023
[This is the second part of a discussion on the Disability Insurance “trust gap”. It is based on notes and discussions points for sessions in a 4th year Disability Management course on Workplace Insurance and Benefits. Part 1 explored the reasons for the lack of trust in disability insurance.
Disability Insurance Is Often Overlooked, But No Less Important
Winston Benefits
OCTOBER 20, 2016
Most workers consider health and retirement plans their most important benefits, but they should also be weighing the importance of disability insurance , especially younger workers who may not immediately see its value.
The Crucial Role of Long-Term Care Insurance and Disability Insurance in Your Financial Plan
CorpStrat
DECEMBER 29, 2023
However, the concepts of long-term care insurance and disability insurance can sometimes be muddled, creating confusion in the minds of many. Integral Components of Financial Planning: Both these insurance types are integral components of a well-rounded financial plan, and their importance cannot be overstated.
How employers are bringing more benefits to working parents
Employee Benefit News
SEPTEMBER 19, 2024
Employers are updating parental leave policies and adding supplemental child disability insurance to help support parents.
Financial Aspects of “Unretirement”
Money Talk
AUGUST 10, 2022
A new job may also provide access to valuable employer term life and disability insurance. By doing this, they avoid having to make monthly premium payments for Medicare Parts B, C, and/or D while they are working. The coverage must be deemed creditable or late enrollment penalties will apply. food, gas, utilities, housing, etc.)
Changes in California's State Disability Insurance: Should your organization consider a voluntary option?
Employee Benefit News
SEPTEMBER 3, 2024
Employers may want to consider alternatives that offer coverage that comes with a reduced financial impact on employees.
Are Your Benefits Enough to See Employees Through a Crisis?
InterWest Insurance Services
OCTOBER 31, 2024
Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace. Are life insurance benefits adequate?
Ensuring Financial Health with Disability Insurance
Winston Benefits
MAY 14, 2020
Seventy-one percent of employees say that because of the benefits they receive at the workplace, they … Continue reading "Ensuring Financial Health with Disability Insurance". The post Ensuring Financial Health with Disability Insurance appeared first on Winston Benefits.
Ensuring Financial Health with Disability Insurance
Winston Benefits
MAY 14, 2020
Seventy-one percent of employees say that because of the benefits they receive at the workplace, they … Continue reading "Ensuring Financial Health with Disability Insurance". The post Ensuring Financial Health with Disability Insurance appeared first on Winston Benefits.
Illness or Injury: How Your Business Can Protect Your Employees
InterWest Insurance Services
JULY 26, 2022
You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income.
Changes to California SDI Coming January 1
PayrollOrg
DECEMBER 27, 2023
Effective January 1, 2024, there is no California state disability insurance (SDI) taxable wage base limit, which means there is no cap on the amount of employee contributions for SDI.
CAN VETERANS GET SSDI BENEFITS IF THEY BECOME DISABLED WHILE ON ACTIVE MILITARY SERVICE?
Attorney Charlie Hall
DECEMBER 31, 2021
Disabled veterans can apply and get Social Security Disability Insurance at the same time as Veteran Administration (VA) Disability Compensation. Getting approved for disability benefits provides increased income stability for veterans and their families.
Importance of Employee Benefit Package And Why it Matters
HR Digest
MAY 21, 2023
Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices. Pension or retirement savings plan 3.
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Short-term Disability vs. Long-term Disability
Patriot Software
SEPTEMBER 7, 2022
You and your employees need to know about short-term vs. long-term disability insurance. You can offer short-term and long-term disability insurance options for your […] READ MORE. What happens if an employee gets injured or ill and can’t work for an extended period of time?
The Importance of Disability Insurance and Why Your Company Should Offer Multiple Options
Winston Benefits
MAY 19, 2021
With numbers like these, it’s shocking to realize that 110,000,000 Americans don’t have long-term disability insurance, and 48% of U.S. In addition, 5.6% … Continue reading "The Importance of Disability Insurance and Why Your Company Should Offer Multiple Options".
The Financial Costs of Being Unvaccinated
Money Talk
SEPTEMBER 1, 2021
When unvaccinated people lack health or disability insurance or die without life insurance, the situation is even more dire for survivors, who may need to seek public assistance to get by. Wealth Depletion - As noted above, COVID-19 is expensive.
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The Big Difference Between Long-Term Care and Long-Term Disability Insurance
Corporate Synergies
SEPTEMBER 24, 2018
It’s important to educate employees on how long-term care and long-term disability insurance differ from each other. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. Rates may increase only by a class action that is approved by state insurance regulators.
16+ types of employee benefits you should consider
Genesis HR Solutions
SEPTEMBER 22, 2020
There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Disability.
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How a Social Security Disability Attorney Can Help You
Attorney Charlie Hall
MAY 18, 2020
How a Social Security Disability Attorney Can Help You. Social Security Disability Insurance and Supplemental Security Income benefits can take a long time to obtain. Attorney Charlie Hall does the legwork in your case, so that you can focus on your medical treatment and recovery. We don’t push that on you.
Fibromyalgia and Social Security Disability
Attorney Charlie Hall
SEPTEMBER 25, 2021
ELIGIBILITY TO RECEIVE SOCIAL SECURITY DISABILITY INSURANCE BENEFITS FOR FIBROMYALGIA. Although the SSA already requires a doctors’ diagnosis, they will still evaluate your history of symptoms to determine whether you are capable of work.
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Why Your Staff Needs Short- and Long-Term Disability Coverage
InterWest Insurance Services
FEBRUARY 9, 2023
Only 30% of American workers in private industry currently have access to employer-sponsored long-term disability insurance coverage, according to the U.S. That’s why you should be offering your employees voluntary short-term and long-term disability insurance. Bureau of Labor Statistics.
5 voluntary benefits plan design tips
WEX Inc.
JULY 10, 2024
For example, younger employees might benefit from budgeting tools and renters insurance, while older employees might be more interested in long-term care and disability insurance. .” Employers should consider the unique needs of different demographic groups within their workforce.
Disability Insurance Offers Vital Income Protection
Winston Benefits
FEBRUARY 11, 2016
2016 is an election year and with that comes inevitable talk of America’s looming personal financial crisis. We’re not saving enough for retirement and too many Americans are living paycheck to paycheck, or close enough, which means even a short income disturbance could be catastrophic for many people.
Rhode Island TCI: Your Questions About the Ocean State’s Paid Family Leave Program Answered
Patriot Software
FEBRUARY 23, 2023
In 1942, Rhode Island was the first state to offer Temporary Disability Insurance (TDI) benefits to employees. Following the success of this program, Rhode Island created the Temporary Caregiver Insurance (TCI) program in 2013. Read on to find […] Read More
Pregnancy disability leave — who and what are covered
Business Management Daily
JUNE 20, 2022
Women needing to take time off also may be eligible for pregnancy disability leave (PDL) if no longer able to perform job duties because of pregnancy-related medical conditions. This type of short-term disability insurance coverage may come directly from an employer as part of its benefits package.
5 Strategies for Recruiting in a Post-Pandemic World
Vantage Circle
JULY 16, 2020
Long term disability insurance. Short term disability insurance. Commuting/travel assistance. Retirement benefits or accounts. Healthcare spending or reimbursement accounts, such as HSAs, FSAs, and HRAs. Workplace perks such as bonding activities, food and coffee, and flexible work schedule.
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112 Employee Benefits: The Only Guide You Need
Achievers
FEBRUARY 2, 2021
Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. What are benefits that are voluntary?
NJ Workers’ Compensation Benefit Rates Increase in 2022
Workers' Compensation
DECEMBER 27, 2021
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.
How Non-Medical and Niche Employee Benefits Promote Productivity
Flimp Communications
DECEMBER 19, 2019
Some common non-medical benefits include, paid family leave, life insurance, short- and long-term disability insurance, commuter benefits programs and wellness programs. So, medical, life and disability insurance and retirement plans. Core benefits are defined as those given to every employee.
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5 ways you can help employees get the most from their benefits
Insperity
OCTOBER 31, 2017
What does their short-term disability insurance cover? Additionally, many health insurance providers offer online “cost of care” calculators, which allow your employees to get an estimate of their out-of-pocket costs for certain treatments and prescriptions. When will premiums be deducted from employees’ paychecks?
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