article thumbnail

Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

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.

article thumbnail

CAN VETERANS GET SSDI BENEFITS IF THEY BECOME DISABLED WHILE ON ACTIVE MILITARY SERVICE?

Attorney Charlie Hall

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. DEFINITION OF DISABILITY.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

This list of benefits (and their definitions) can help; compare the 16 types we’ve listed here to what you currently have available, and see if you’re offering things prospective employees are really looking for. Below, we’ve loosely categorized these types of employee benefits and given a basic definition of each. Medical Insurance.

401(k) 98
article thumbnail

Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

This blog will cover everything you need to know while considering taxable benefits so that you don't get caught off guard when tax time rolls around. But some benefits need to be taxed and added to their income. To make things clearer, here's a quick rundown on the benefits tax exempted as per IRS guidelines. Transit passes.

article thumbnail

How to Effectively Manage Payroll Services?

Qandle

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management. Avoid late payments and mistakes.

article thumbnail

5 steps to more financially stable employees

Insperity

Offer disability insurance for added peace of mind. By offering short-term disability insurance, you allow new moms to go on maternity leave and still get paid a percentage of their income. Plus, when their short-term disability insurance runs out, long-term will kick in if they need it. Everybody wins.

401(k) 72
article thumbnail

What Is Social Security Disability?

Attorney Charlie Hall

DEFINITION OF DISABILITY. Disability is defined as the inability to engage in any Substantial Gainful Activity (SGA) by reason of any medically determinable physical or mental impairment(s) which is expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Medical 228