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Small
Group Short Term Disability
Small Group Short Term Disability Insurance replaces a percentage of
your employees' pre-disability earnings up to a maximum benefit on a
weekly basis. It provides weekly benefits for disabilities lasting
up to 26 weeks and is available to you if you have three to nine
employees.
Maximum Benefit
Up to 60% of pre-disability earnings can be paid as the benefit,
with a maximum of $500 weekly for groups of three to four lives and
$1,000 weekly for groups with five to nine lives.
You
may also choose from two maximum benefit time periods, either 13 or
26 weeks.
Rate Guarantee Period
The rate you pay to insure your employees is guaranteed to remain
the same for one year. Changes in the premium could occur, however,
if an employee enters a new five-year age band, or experiences an
increase or decrease in predisability earnings. This can happen even
during the one-year guarantee.
Beginning Date
The beginning date indicates the length of time an insured must be
disabled before benefits begin to accrue. For a Small Group Short
Term Disability policy, the number of days employees wait before the
beginning date of their benefits accrual includes the days they are
disabled or partially disabled.
Our
Claims Management Philosophy
We don't just approve and deny claims. We appoint benefits analysts
who will pick up the phone and call the insured and develop a
working relationship. Our analysts are fully capable of evaluating
and properly adjusting all disability claims.
Our
claims procedures are sound and efficient. We go above and beyond to
track your claim experience and work with you to implement loss
control techniques. We have well established and effective programs
in place to help claimants receive Social Security disability
benefits. And most importantly, we provide in-house and outside
vendor vocational assistance to help claimants return to work.
Pre-Existing Condition Limitation
Employees will not be covered for a disability caused by a
pre-existing condition. A pre-existing condition is a mental or
physical condition for which an employee has consulted a physician
or practitioner, received medical treatment or services, or taken
prescribed drugs or medications at any time during the pre-existing
condition period.
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