Sometimes in life, events or accidents occur that cause you to be unable to work for a certain period of time. Although, you should be compensated and protected if the circumstances of your unemployment are totally out of your control such as an injury or surgery. If you partner with Malden Solutions, you will have access to premier insurance carriers and the best rates possible. Luckily, understanding your disability insurance options is much simpler than you might think.
If your disability causes you to be out of work for a few weeks to a couple of months, then you should enroll in short-term disability insurance. The recovery period for common disabilities covered under this policy includes broken arms, minor surgeries, or maternity leave. You can only enroll in short-term disability through your employer so make sure your place of business offers this policy. When enrolling in any type of disability insurance, it is important to know that short-term disability does not overlap with a long-term disability policy.
When looking at your disability options, know that Malden Solutions offers a policy to cover you if you are physically unable to work for a few years to the rest of your life. Long-term disability insurance covers major surgeries and treatments for critical illnesses such as cancer. If you are recovering and receiving treatment for back pain, joint issues, or even mental illness, long-term disability insurance will protect you and your family financially. The payments for this type of insurance will begin once your short-term disability and employee benefits end. Since one in four will face a long-term disability during their work career, long-term disability insurance is vital to being a financial haven for your family.
Employer V. Individual
When choosing the best disability package for you and your family, you should know how you can enroll in each type. Short-term disability insurance is only offered through an employer compared to long-term disability which can be offered to an individual carrier. Remember that these plans do not overlap, so you cannot be under both policies at the same time.
Partner with Malden Solutions Today
Malden Solutions has a wealth of expertise providing employer insurance solutions, HR solutions, and individual insurance solutionsto businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits, but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us through Twitter, Facebook, Google+, and Linkedin.