Voluntary Short Term Disability (STD) – Reliance Insurance
Disability income insurance can provide a portion of the income you would lose if you became disabled and could not work. This would help to pay your everyday living expenses and it may assist you in maintaining the standard of living you and your family now enjoy.
Learn More about Short Term Disability Benefits
Short Term Disability Plan Information and Costs
The benefit amount is equal to 60% of your weekly covered earnings, from a minimum of $100, in increments of $25, to a maximum benefit of $1,250 per week.
Benefits are issued in response to the filing of a claim and can be collected for no more than 11 weeks. Short term disability benefits begin after an employee has been out of work for 14 days. Benefits are not taxable when received. After short term disability benefits are exhausted, long term disability coverage becomes available. CES provides employees with long term disability free of charge.
Why should I change the amount of my coverage?
Employees often think that their benefit increases when their salary does; however that is NOT the case. An employee must elect an increase, otherwise the benefit amount remains the same from year to year. Applications for benefits (new elections and increases in coverage) are subject to underwriting and may be denied.
How much can I collect?
You will select a weekly benefit amount.
You may elect coverage in increments of $25 from $100 to a maximum amount of $1,250, but not exceed 60% of your eligible earnings.
For more information, contact: hr@collaborative.org