Unexpected injuries may happen anytime, and you may even lose your ability to work. But with temporary disability benefits, you can have peace of mind that you won't lose everything. Here are some of the major questions answered about temporary disability benefits.
- What is a temporary disability?
Short-term disability provides compensation or income replacement for non-job-related injuries or illnesses that leave you unable to work for a limited period. Injuries that happen when you are on the clock will generally be covered by the worker’s compensation rather than short-term disability. You need to get in touch with an expert to know in detail about the New York TDB plan.
- Who can provide temporary disability insurance?
Most of the time, companies are not required to but still, your employer may offer you a short-term disability benefits plan. There are, however, five states- California, Hawaii, New York, New Jersey, and Rhode Island, where the employers must offer a short-term disability plan to their employees. If your company offers this benefit, it can be structured in two ways,
- a) Self-funded, where your employer will provide and fund the benefit on their own.
b)Insurance, where they will work with an insurance company to provide this benefit.
If your employer doesn’t offer this temporary benefit and you want it anyway, you can always purchase this insurance privately, but you will have to pay a pretty high price. The exact price may vary based on your age and the levels of benefits you want.
If you are looking for temporary disability insurance, you can purchase it by visiting an insurance agent who is licensed to sell this insurance.
- Does this insurance cover mental health?
Mental health may be covered by many temporary disability plans, but you need to have proof that you have already been struggling with this issue for some time. There should be a solid foundation for all the problems you have.
- How often will you receive payments?
Your payment questions can be answered within your plan documents. If your employer works with an insurance company to offer temporary disability benefits, then payments will be administered through that company only. It means the payments may arrive on a different schedule from the payroll timing.
- How do you file for short-term disability?
If you think that you will need to take advantage of your temporary disability benefit, you need to make sure that your illness or injury is well documented because you will have to provide some medical evidence. The medical evidence is reviewed by the insurance company. Then you need to approach the HR department to begin filing for the claiming process.
If you are looking for New York TDB plan insurance, you can purchase it by visiting an insurance agent who is licensed to sell this insurance.