Small business owners should not assume that individual disability insurance is their one and only option. Individual policies have limitations when purchase directly. Features are better when purchased through groups.
Small businesses with three or more benefits eligible employees can offer individual coverage, and gain the advantages of group underwriting, and better features.
Exempt employees are not subject to overtime requirements by the Fair Labor Standards Act. Many higher income employees are exempt, and earn bonuses, commissions, and other forms of variable pay.
Disability insurance employee benefits replace a portion of income, but typically exclude many forms of variable pay. Find answers to how the policies work with variable pay.
Schoolteachers often have a strong need for disability insurance employee benefits. Many schools require advanced degrees, which meant that many teachers graduate with significant student loan debt.
Any period of disability could cause a teacher to fall behind on loan repayments. Female teachers often want to start a family, and miss work during maternity leave.
Independent contractors often assume that they can only purchase individual disability insurance directly. They may work with W2 employees at employers who offer plans.
Many companies provide individual policies through employer groups. The policies are employee paid and often available to 1099 and contract employees. Never assume anything!
The federal government does not provide disability insurance employee benefits. There are generous and flexible sick leave policies, but newer workers may not have a sufficient number of banked days.
Many disability companies market policies to federal government employees that workers can pay using a third party administrator. Paid maternity leave does exist for federal workers.
Dental hygienists are ideally positioned to ask at work for voluntary short-term disability employee benefits. Hygienists often work side-by-side with the business owner, and have direct access to the benefits decision maker.
Disability insurance helps protect their salary in the event of childbirth, illnesses, broken fingers, etc.
Postal employees typically cannot purchase disability coverage. The occupation has a long record of high claims rates. Many companies prohibit sales to the industry.
Certain disability insurance companies categorize postal workers as federal government employees. They pool risks with a large number of other government workers, opening the door for postal workers.
Nurses have several ways to benefit from disability insurance employee benefits. The field is predominately female, which translates into a need to replace income during maternity leave.
Short-term policies sold at worksites do cover normal childbirth. Large hospital systems often provide an option. Nurses working at smaller medical offices often know the benefits decision maker personally.
Short-term disability employee benefits are the secret key to unlocking paid maternity leave in the United States. Only policies sold at the worksite cover normal childbirth.
Employees can purchase individual policies and pay the premium through payroll deduction. Since employees pay the premiums, there is no direct cost to employers to provide the option.
Many self-employed workers seek out individual disability insurance in the belief that they have only one option. Policies purchased directly have limitations compared to those purchased through employer groups.
Sometimes the self-employed have employees of his or her own, or work as an independent contractor with a larger entity. Explore all options.