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Short Term & Long Term Disability Plans

Are you a small business that doesn't have a sick leave plan? Or maybe any business that would like to have a fixed cost plan that would give employees coverage if they became very ill or injured? Short and Long Term Disability plans were designed just for employers like you who are seeking to control costs while still covering employees who would need income in times when they are unable to work.

Most employees don't plan on being sick or injured for any period of time…but when it happens, they rely on some source of income to carry them through that period. Short-term disability can have a long term financial impact on employees and their families. It might be worth your time to investigate if you are interested in this benefit for your employees' well-being…just in case.

Long-term disability usually follows a period of time (generally 6 months) after short term disability payments have expired.

As the following statistic shows, disabilities may occur more than you think.

DISABILITY 2000: "......18.7% of the working-age population, ages 18-64 (32.1 million people) report a disability. Of these, severe disabilities were reported by 8.7% (14.9 million); non-severe disabilities account for the other 10% (17.2 million)."

Almost twenty percent of people between the ages of 15-64 report some level of disability.

Offering Disability insurance does more than offer income protection for your employees, most disability insurance actively seek to get the employee working by utilizing effective ‘back to work' intervention. This means the employer gets the benefit of the employee returning to work as soon as possible—a real advantage for the employer.

Long Term Disability protection is another benefit that you may want to know more about. If you do, please contact Roger Hicks & Associates Group Insurance, Inc.

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