Protection
Short Term Disability
Paycheck help if you cannot work for a while
Short term disability replaces part of an employee's paycheck when an illness or injury keeps them out of work. It pays 60% of salary, up to $1,500 per week, and maternity is treated like any other illness. Options let the group choose whether benefits begin on day 8 or day 15 and how long they last.
Starting from
Cost is based on salary
Who pays
Employer or employee
What this plan includes
- Pays 60% of salary, up to $1,500 per week
- Benefits begin on day 8 or day 15 for both accident and sickness, depending on the option
- Benefits last up to 11 or 14 weeks, depending on the option
- Maternity, mental, and nervous conditions are treated the same as any other illness
- Includes a partial disability benefit for employees returning to work
- Employer contribution can range from 0% to 100%; participation is the greater of 5 employees or 25% of eligible employees
Every plan is underwritten by Companion Life Insurance Company. Which plans you can offer depends on your industry and state. Costs shown are examples; the final rate depends on the plan, the coverage level, and ages.