Disability Income Continuation

Disability might be classified as regular, temporary, overall, or partial. While employees are not able to work because of an accident or some health-related difficulty, disability income continuation payments assist them in maintaining their active lifestyle without chief modification. Several disability income continuation components provided monthly or weekly payments in lieu of the frequent earned income paycheck. The following eleven components are amongst the more frequently available disability income continuation plans. Though all of the components will rarely be available to workers, components may be packaged to maximize worker protection when maintaining costs within sensible limits for the employer. The main components are as follows:

1.         Long-term disability

2.         Short-term disability

3.         Social security

4.         Non-occupational disability

5.         Workforce compensation

6.         Sick leave

7.         Travel accident insurance

8.         Supplemental disability insurance

9.         Accidental death & dismemberment.

10.       Group life insurance: Overall Permanent Disability (TPD)

11.       Retirement plans