Group LTD Benefit Highlights:
Return to Work Incentives
Zero day residual benefits with no requirement of total disability before benefits are payable are available with many carriers. Return to work incentives typically allow combined earnings (earned income and benefits) of up to 100% during the return to work period.
Disability Management
Most quality carriers provide comprehensive rehabilitation services through on-staff specialists and as part of their case management offer customized return to work plans; physical, recreational and vocational therapy, job search assistance, and financial assistance for worksite accommodations and other expenses.
Social Security Disability Insurance Qualification
Most good carriers provide proactive assistance to disabled workers in applying and qualifying for Social Security Disability Insurance.
Definition of Total Disability
If an employee is unable to perform the material and substantial duties of the employee's own occupation he/she is typically considered disabled. When the own occ period is completed, an employee is still considered disabled when unable to perform the duties of any gainful occupation for which he/she is reasonably qualified by education, training or experience.
Partial Disability Benefits
Most quality carriers we want to help employees back to work, even if only on a part time basis, without their having fear of losing income. A partial disability benefit is typically payable based on an indexed earnings test during the period of partial employment.
Benefit Offsets
Group LTD benefits typically have an offset for Family Social Security benefits, as well as other sources of income. Benefit offsets may vary by employee class.
Earnings Definition
Earnings are typically defined as salary, excluding bonuses, overtime and commissions, although most carriers have some flexibility as to how covered compensation is defined. Also, earnings definitions may vary by employee class.
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Last Updated on Monday, 28 April 2008 10:04 |
Employee Benefits Topics 
