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.

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Workers' Compensation Perspectives

APRIL 29, 2024

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. US Social Security provides benefits to workers for certain disabilities. In this post, we survey some of the data reflecting this increase.

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Workers' Compensation Perspectives

JUNE 2, 2024

On the disability insurance side, this shift has meant changes to policies and procedures. While not everyone has access to disability plans, insured parties want clarity of the coverage; insurers need clear procedures to approve coverage. The toughen-up attitude still exists.

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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?

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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?

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Workers' Compensation Perspectives

AUGUST 27, 2023

[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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Disability Insurance Insurance Voluntary Benefits IT 40

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".

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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.

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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.

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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.

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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.

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Disability Insurance Insurance 104

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.

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Disability Insurance Insurance Health and Welfare Education 40

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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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.

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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?

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Disability Insurance Insurance Employment Payroll 88

InterWest Insurance Services

MARCH 1, 2024

cancer insurance) Pet insurance. Roll them out a few at a time, starting with life insurance, dental/vision and/or disability insurance. Popular voluntary benefits There are several types of voluntary employee benefits on the market today, with more innovative new benefits and perks rolling out every year.

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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.

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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.

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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

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Employee Benefits

MAY 29, 2024

Telereal also offers its employees extended paid maternity and paternity leave, private medical insurance, long-term disability insurance, life assurance, an employee assistance programme, a bikes-for-work scheme, an electric vehicle lease scheme and a performance–related bonus scheme based on both individual and employer performance.

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Higginbotham

SEPTEMBER 28, 2023

In these situations – and many others like them – key person life insurance and key person disability insurance can provide important financial protection. Key Person Life Insurance Key person life insurance is also called key man, key woman or business life insurance. Do you need key person insurance?

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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.

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Business Management Daily

JUNE 5, 2024

Employers can do this through a leave program they run or by adding short-term disability insurance to their health insurance and benefits package. Short-term Disability Employees can often use short-term disability insurance for pregnancy and childbirth.

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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.

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Disability Insurance Insurance 45

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.)

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The Workcomp Writer

JULY 16, 2024

Yesterday, in a decision that may significantly impact how California’s Subsequent Injuries Benefits Trust Fund (the Fund) pursues credit for Social Security Disability Insurance (SSDI) payments received by injured employees, the California Court of Appeal (Second Appellate District, Division Six) held that the burden of proving entitlement to such (..)

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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.

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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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COMPackage

JULY 13, 2024

Life and Disability Insurance: The value of life and disability insurance plans can provide peace of mind for employees and their families. Employee Assistance Programs (EAPs): Offering access to confidential counseling and support services can significantly enhance employee well-being.

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Employee Benefits

JUNE 5, 2024

It also offers resources and tools to volunteer, private medical, dental and vision insurance, retirement plans, and life, accident, income protection and disability insurance. Meal and housing stipends, education assistance, childcare resources and transportation programmes are available but vary by region and country.

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