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Disability Insurance

 

Do you have 6 months or a years worth of income put aside in the case of accident or illness? Most people don't. And unfortunately, Connecticut doesn't have a mandated program covering off-the-job losses (this includes during maternity leave for women). That's why there's private disability insurance, which will pay a portion of your income if you cannot work due to an illness or injury. Don't wait to get a quote though - you must have a policy before getting sick, hurt or pregnant.

Massachusetts, on the other hand, is in the process of implementing their Paid Family and Medical Leave, which will begin in 2021 (See FAQs below).

 

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Let us impartially shop multiple top rated insurance companies, search out your best options and create a customized quote that's just right for you. We'll also explain your coverage options, so there won't be any unpleasant surprises later.

Who should consider disability insurance?

If you're an active adult hit with medical expenses from a sports injury or other accident, it can be a blow to your financial stability.

If you're a woman living in CT, considering having a baby, and your company doesn't offer paid maternity leave, you'll need short term disability insurance before you become pregnant.

If your income is essential to your family's stability, or if you are the sole income for your household, short term disability could be life-saving as it will pay a portion of your income if you are injured or ill.

If you have a high deductible health insurance plan, this coverage may help pay your deductibles in the case of an accidental injury or disability.

Once you're covered, we make managing your insurance simple, because we'll be your direct contact for all your future needs, such as making a change to your coverage, getting more information, or filing a claim.

Disability Insurance FAQs

What is Massachusetts Paid Family and Medical Leave?


Leave Entitlements and Benefits: Beginning January 1, 2021 12 weeks of paid family leave in a benefit year for the birth, adoption, or foster care placement of a child, or because of a qualifying exigency arising out of the fact that a family member is on active duty or has been notified of an impending call to active duty in the Armed Forces. 20 weeks of paid medical leave in a benefit year if the worker has a serious health condition that incapacitates them from work. 26 weeks of paid family leave in a benefit year to care for a family member who is a covered service member undergoing medical treatment or otherwise addressing consequences of a serious health condition relating to the family member’s military service. Beginning July 1, 2021 12 weeks of paid family leave in a benefit year to care for a family member with a serious health condition. Covered individuals are entitled to a maximum weekly benefit amount of $850/week during any period of approved leave. Employees are entitled to 26 total weeks, taken together, of paid family and medical leave in a single benefit year. Tax Implications: Employers and Covered Business Entities with 25 or more workers are responsible for a minimum of 60% of the medical leave contribution (00.372% of earnings), but are permitted to deduct from employees’ earnings up to 40% of the medical leave contribution (00.248% of earnings) and up to 100% of the family leave contribution (00.13% of earnings). Employers and Covered Business Entities with less than 25 workers contribute 00.378% of earnings. Of that 00.378% total contribution amount, there is a split: 34.60% is a family leave contribution and 65.40% is a medical leave contribution. Employers may deduct up to 100% of these contributions from covered individuals’ earnings.




What is short-term disability insurance?


Short-term disability (STD) is coverage that pays a percentage of your salary when you are unable to work due to a result of injury or illness. You can receive between 40% - 60% of your regular wages. Short term disability insurance is also the only option for women living in Connecticut who do not receive paid maternity leave through their jobs. You MUST elect to receive STD insurance before you become unable to work. You cannot sign up for the insurance after they are unable to work. For women looking to become pregnant, there may also be a waiting period, meaning if you become pregnant a week after purchasing STD insurance, you won't be covered. STD typically covers:

  • Back problems
  • Arthritis
  • Injuries from an accident
  • Childbirth
Pre-existing conditions, meaning illnesses or injuries that were found before short-term disability coverage began, are typically not covered. Pregnancy would qualify as a pre-existing condition.




How long does short-term disability coverage last?


Short-term disability coverage lasts for 9-52 weeks depending on your policy and kicks in sometime between 1-14 days after you are unable to work.




What is long-term disability insurance?


Long-term disability (LTD) coverage pays 50-70% of your salary and lasts for 5-10 years or as long as you are disabled until you turn age of 65. LTD coverage kicks in sometime between 10-53 weeks after you are first unable to work. If you have short-term disability coverage it could fill the gap until your long-term disability coverage kicks in. LTD typically covers:

  • Cancer
  • Musculoskeletal disorders
  • Nervous system disorders
  • Injuries from an accident
  • Mental health problems
Pre-existing conditions, meaning illnesses or injuries that were found before long-term disability coverage began, are typically not covered.





ABOUT

Connecticut

800 Cottage Grove Rd Bldg 4

Bloomfield, CT 06002

P: (860) 785-4854

F: (844) 273-8775

 

Massachusetts

Northampton, MA 01060

P: (413) 230-6665

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