As part of a comprehensive group benefits program for a company, Insurance Connection USA, an independent insurance provider in Texas, can help you set up disability insurance for employees in an organization. Active employees who are eligible for regular benefits can choose to purchase disability insurance as an optional insurance plan. When a long-term illness or accident that is not related to your job prevents you from working, disability insurance replaces a portion of your income.
How likely is it that your employees will need disability insurance coverage?
According to a report from National Safety Council, injuries that result in disability occur in the US every second, while those that result in fatal injury happen every four minutes.
- Another report from Social Security Administration states that more than one in four people in their 20s become disabled before their retirement age.
- These facts are enough to tell you why businesses should offer or encourage their employees to get Disability Insurance in Texas as part of their group benefits programs.
Not only employees in an organization are eligible for disability insurance programs, but disability insurance policies for truck drivers and other individual professionals, who are at risk of on-duty injury, are also available.
About Disability Insurance Plans by Insurance Connection USA
The disability insurance plans offered by Insurance Connection USA are both convenient and affordable, regardless of the age group and employment type. The “employer-choice” or “employee-choice” options available with the disability insurance plans, such as but not limited to:
- Elimination Periods
- Benefit Duration
- Benefits as a Percentage of Salary
Insurance Connection USA offers both short-term and long-term disability insurance plans in Texas to meet specific requirements of an individual or employer. The details for each are given below.
Short-Term Disability Insurance
Short-term disability insurance is a great way to safeguard your income from transient conditions, such as broken bones or maternity leave, that prevent you from working. If you become ill or injured and are unable to work, it pays you direct weekly benefits that can begin right away and last up to two years. Typically, you will be compensated for 60% of your lost wages, depending on your policy. Most short-term disability insurance policies also have a benefit cap.
Long-Term Disability Insurance
In the event that you become too ill or injured to work, long-term disability insurance can help you pay your bills before getting back to work. The insurance coverage can start paying you direct monthly benefits in as little as 30 days and last until retirement age. Your benefit amount will typically be expressed as a percentage of your income, which can be anywhere between 60% to 80%.
Let Us Help You Find the Best Disability Insurance
Every disability insurance policy is made to safeguard your income against illness and injury. However, some forms of coverage are more effective than others. If you are unfamiliar with the terms of the benefits that are offered to you, getting insurance coverage can take a lot of time and be confusing. Contact us to know more about disability insurance in Texas and how we can help you pick the right policy as per your specific requirements and goals while saving your time in administering them.