Continued income, security for employees when the unexpected happens
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Group Disability Insurance
Offering group disability insurance in your group benefits package has several advantages, including serving as an excellent recruitment and retention tool for attracting and retaining quality employees. In addition, with group disability, you can leverage design flexibility to fit your company’s budget and provide income assistance for your employees if a health issue keeps them out of work.
Premiums can be paid with pre-tax or after-tax dollars by you, your employees, or a combination of the two. Furthermore, you can deduct pre-tax company-paid premiums from your business taxes. A group policy can often help employees obtain this valuable coverage when they cannot do so on their own due to medical history or financial constraints.
Our clients can choose between short-and long-term group disability insurance at JCA. Both are intended to provide a safety net for your employees, protecting their most valuable asset: the ability to earn an income if they become ill or injured and are unable to work. An employee’s savings might not be enough if an illness or injury keeps them out of work beyond their paid sick days.
Group Short-Term Disability Insurance
Short-term disability insurance protects employees’ incomes during extended work absences. It can assist employees in meeting their financial obligations when they cannot work due to a covered claim. After a brief waiting (elimination) period, short-term policies pay benefits for a specified time – typically three months, six months, or one year.
Group Long-Term Disability Insurance
Long-term disability insurance replaces a portion of an employee’s income when they cannot work due to a disabling illness or accident. This policy usually has an elimination date of at least 90 days. Following that, benefits are paid for a more extended period, typically two years, five years, ten years, to the age of 67, or for life, depending on the policy and disability. Long-term disability insurance can help employees meet day-to-day financial obligations by providing a consistent income stream while they cannot work.
Our team works hard to find flexible plans that provide valuable income protection to employees at a reasonable cost. Rates and benefits under these plans vary depending on your employees’ age, duties, and earnings. Our group benefits experts will assist you in weighing all of your options.
We’re Ready
to Help You
Our commitment is to provide clients with the tools, resources, and strategies to make fully informed decisions regarding benefit plans – for the protection and well-being of their most critical asset: their employees, and families.
For more information about how we can make a difference for your business and employees, give us a call at (850) 561-8700.