Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Insurance Forums
Disability Insurance
What Is Unum Short Term Disability Insurance?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Edulet, post: 168973, member: 604"] [JUSTIFY]Unum is a short term disability benefits contract that can be found out with healthcare services. Under this contract, the company will guarantee the benefit period to an employee who becomes disabled. This contract is similar to the group sickness leave policy. The disability benefits run for one year and during this time, the employee will receive medical care under the direction of a doctor. The intention behind both the Unum and sickness leave policies is to ensure that the employee receives fair access to disability benefits. If an employee is rendered disabled due to illness or accident, the company has an obligation to take care of the employee until their eligibility for benefits is verified. Once eligibility has been verified, the employee will then be entitled to the benefits. If the company refuses to cover the employee, they may be liable for civil penalty under the Federal Employers Liability Act and the Berger Law. Both these laws protect the employees rights. The concept behind the Unum Short Term Disability Insurance is that the company will cover the employee for a certain period of time and the disability insurance will run out if the employee is not re-employed. For example, if the employee works at a business for three years and is made redundant the company has an obligation to make them resume in the same role. If the employee does not qualify for a longer benefit period, the employee will be covered under the short term disability insurance policy. If they do qualify for a longer period, they will be automatically transferred into the long term disability insurance policy. There are several options available to an employee when considering disability benefits. The most common forms of coverage are sickness leave, long term disability and maternity. Sick leave is paid for twenty four hours after an employee has been absent from work for seven days or more. Maternity coverage pays for pregnancy up to the first twelve weeks and for the twelve consecutive weeks after a woman has given birth. When it comes to deciding what type of policy would be the best choice for your business, it is important to consider your employees as well as yourself. If you want to cover all your employees you will need to purchase a package policy that provides benefits for every employee. In order to determine how many employees you should insure, you should consider the number of qualified employees that are in your company and also the amount of money you have available to spend on disability benefits. This will determine the best coverage policy that is both affordable and gives the best benefits. The other thing that should be considered is whether you want to provide coverage for your employees only during specific times such as holidays or vacations. When it comes to choosing a company that provides short term disability coverage, there are several factors that you should take into consideration. Make sure that the company has been in business for at least five years and that they have sufficient experience with the type of coverage that you are looking for. It is also a good idea to check with your state labor office to make sure that they are licensed to do this type of work. Another thing to consider is whether the company offers any kind of a no claim bonus. This can help to save you some money on any medical bills that arise. Remember, an employee's attitude can make all the difference in their health and well being and it never hurts to take the time to consider the options that are available to you.[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Insurance Forums
Disability Insurance
What Is Unum Short Term Disability Insurance?
Top