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The short-term disability benefit provides coverage for illness or injury occurring on or off the job. Co-ordination with Workers Compensation benefits is standard along with a wide selection of benefit start dates, maximum benefit periods and taxable/non-taxable formulas.
| Short-Term Disability Benefits | |
|---|---|
| Waiting Period | Accident - 0, 7, 14 calendar days Sickness - 3, 7, 14 calendar days |
| Duration of Benefits | 15, 17, 26 weeks |
| Benefit Formula | Taxable: 55% or 66.67 - 75% of earnings Non-taxable: 60 - 66.67% of earnings |
| First Day Hospital | Optional |
| Occupational Coverage | Supplementary to Workers Compensation benefits |
| EI Premium Reduction | Qualifies with all plan designs |
The long-term disability benefit offers protection against disease or injury, which would prevent an employee from working for an extended period of time. A variety of options are available, allowing the program to be tailored to a client's needs. All group clients are offered generous non-evidence maximums based on the size of their group.
| Long-Term Disability Benefits | |
|---|---|
| Waiting Period | 120, 180 days if plan has short term disability 90, 120, 180, 365 days if plan is without short term disability |
| Definition of Disability | Initial assessment period: own job - 24 months Subsequent assessment period: any job - 50%, 60%, 70% of pre-disability earnings |
| Benefit Formulas | Taxable: 66.67 - 75% of earnings Non-taxable: 60 - 66.67% of earnings + graded formulas |
| Overall Maximum | $6,000 per month |
| Coordination Level | Taxable plans: 80% of gross earnings all-source maximum Non-taxable plans: 85% of take home pay all-source maximum |
| Benefit Period | 2 years, 5 years or to age 65 |
| Survivor Benefits | 0, 3 or 6 months |
| Cost of Living Adjustment | 0%, 3%, 4%, 5% |
| Grandfathering | With approval |
| Conversion Privilege | Optional |
| Pre-existing Condition Limitation | 90 days/1 year or 90 days/2 years insured |