Short-term disability insurance, or a STD, pays a portion of your salary if you are to become briefly disabled. This means that due to an illness or an injury you are suddenly not able to work for a short amount of time. A normal STD policy grants you with 40 to 65 percent of your usual base salary before the injury or illness occurred. This assistance usually lasts between 3 to 6 months. Also, the majority of STD policies have a "cap," stating a maximum amount that you will receive each month. In addition, STD policies will have a maximum amount of time in which you can receive benefits. This usually is up to two years.
The usual waiting period for an STD is 0 to 14 days after you become ill or injured. This usually depends on whether you were injured or struck ill. If you endure an injury, you will start being paid your benefits immediately. If you become ill, the time in which you receive your benefits may take longer due to having to show how grave the illness is.
Call us now to help you make the right choices when it comes to Short-term disability insurance. Call 1-800-820-9707 now to speak with a Short-term disability insurance Expert.