New Short Term Disability Plan
This plan was designed to protect federal employees for the short term needs they face. Our new Short Term Disability plan is ideal for:
As a transitional plan for those employees who are close to retirement and are looking to adjust their coverage to meet their needs.
Employees looking for a low-cost solution to maternity leave.
Employees interested in replacing a portion of their income until government benefits kick in.
At a Glance: Your Benefit and Highlights:
Benefit Description | Short-Term Disability |
Waiting Period: |
30 Days |
Benefit Amount:
|
50% of Salary
|
Benefit Duration:
|
2 Years
|
Maximum Monthly Benefit:
|
$6,000
|
Minimum Monthly Benefit:
|
$100
|
Own Occupation:
|
2 Years
|
24-Hour Coverage:
|
Yes |
Rehabilitative Benefit:
|
10%
|
Back to Work Incentive:
|
10%
|
Additional Plan Highlights
- Low-cost coverage
- No Medical Required
- No Underwriting
- Benefits paid Income Tax-Free
- Premiums
paid through allotment
- No pre-existing for conversions.
How Short Term Disability Insurance Could Benefit You
As you near retirement your focus may change from protecting your income to preserving your retirement. This plan provides an affordable way for you to ensure if an accident, injury, or illness should occur you have a window of opportunity to prepare to retire.
While the Federal Employee Paid Leave Act provides time off for the birth of a new child, disability insurance provides protection should any complications arise during pregnancy, not to mention adds some additional time off.
Short term disability insurance can bridge the gap between an accident, illness, or some other disability and when your government benefits kick in. On average it takes 7.10 months for OPM to process disability retirement claims, with some claims taking 12 months or longer.*
Schedule an appointment with us today to discuss if short term disability insurance is the right option for you:
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