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According to a tally of short-term disability insurance claims submitted to Colonial Life & Accident Insurance Company in first quarter 2010, the top five most commonly reported disability claims are:
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Although health insurance can help pay for medical expenses related to a disability, it doesn't provide benefits to replace an employee's lost income. A voluntary short-term disability plan employees select and pay for at the workplace offers income protection if they become disabled from maternity, accidents, back pain or other causes.
Colonial Life's voluntary short-term disability plan is designed to help fill the gaps between the time when an employee's sick leave runs out and the company-provided long-term disability insurance kicks in. Top features and benefits to look for in a short-term disability plan are:
"Employees may think they're covered if they become disabled because they have long-term disability coverage from their employer," says Amy Criswell, director, product development at Colonial Life. "However, they may not realize there's a gap in coverage between sick leave and the long-term disability coverage, a gap that could be as much as six months. A voluntary short-term disability plan can help provide income to bridge the gap."
With May designated as Disability Insurance Awareness Month*, now is the opportune time to make sure company-provided benefits programs include voluntary short-term disability coverage.
For more information about Colonial Life's new voluntary short-term disability plan, call (803) 798-7000 or visit www.ColonialLife.com.
About Colonial Life
Colonial Life & Accident Insurance Company is a market leader in providing insurance benefits for employees and their families through their workplace, along with individual benefits education, advanced yet simple-to-use enrollment technology and quality personal service. Colonial Life offers disability, life and supplemental accident and health insurance policies in 49 states and the District of Columbia. Similar policies, if approved, are underwritten in New York by a Colonial Life affiliate, The Paul Revere Life Insurance Company, Worcester, Mass. Colonial Life is based in Columbia, S.C., and is a subsidiary of Unum Group, one of the world's leading providers of employee benefits. For more information, visit www.ColonialLife.com.
* Life and Health Insurance Foundation for Education (LIFE), www.lifehappens.org, May 2010
Exclusions and limitations may apply. Benefits may vary by state.
1. Maternity 2. Accidents 3. General sicknesses 4. Back pain 5. Digestive issues
SOURCE Colonial Life
