{"id":5201,"date":"2021-09-02T10:00:00","date_gmt":"2021-09-02T10:00:00","guid":{"rendered":"https:\/\/sonusbenefits.com\/?p=5201"},"modified":"2021-09-02T10:12:20","modified_gmt":"2021-09-02T10:12:20","slug":"disability-insurance-just-the-facts","status":"publish","type":"post","link":"https:\/\/sonusbenefits.com\/disability-insurance-just-the-facts\/","title":{"rendered":"Disability Insurance: Just the Facts"},"content":{"rendered":"
Insurance protects your employees and their families against any unexpected financial losses. Health insurance <\/em>protects against unexpected health expenses, and life insurance <\/em>gives your employees\u2019 families financial security after an unexpected passing. But what about disability insurance? What is it, and why is it important to offer to your employees? <\/p>\n Here\u2019s what you need to know about it.<\/p>\n Disability insurance, <\/em>also known as disability income insurance <\/em>or income protection insurance, <\/em>is a type of coverage that replaces a portion of your employees\u2019 income if an injury or illness prevents them from working. Disability insurance:<\/p>\n Not exactly. Disability insurance <\/span>replaces a portion of an employee\u2019s income lost due to not being able to work because of injuries or illnesses. In contrast, health insurance covers medical expenses that arise due to an injury or illness.<\/p>\n While people may think of major injuries as the only thing disability insurance covers, here are just a few of the things disability insurance might cover:<\/p>\n It doesn\u2019t mean injuries like sprains and fractures aren\u2019t disabling. What it does mean is the scope of injuries that can prevent people from earning an income is broad.<\/p>\n A massive 68%<\/em> of non-government workers carry no form of disability insurance.<\/a> With this in mind, here is why disability insurance is essential to offer\u2014and necessary for employees to have.<\/p>\n Disability insurance covers the risk involved with being affected by injuries, situations, or illnesses. Also, workers\u2019 compensation and Social Security do not cover most financial challenges<\/a>:<\/p>\n Disability insurance gives employees an extra layer of protection to help prepare them and their families for any long-term challenges. Absence of emergency savings and rising medical costs are a concern for many employees.<\/span><\/span><\/span> Without added income protection, people may experience severe financial difficulty if they miss work due to injury or illness. Consider adding disability insurance benefits to your employee benefits package and be sure to talk to a trusted advisor to learn more. <\/span><\/p>\n <\/p>\n Content provided by <\/em>Q4iNetwork<\/em><\/a> and partners<\/em><\/p>\nWhat is disability insurance?<\/h3>\n
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Is it the same thing as health insurance?<\/h3>\n
What does disability insurance cover? <\/strong><\/h3>\n
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Why is disability insurance important?<\/h3>\n
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\n <\/p>\nConsider offering disability insurance benefits<\/span><\/h3>\n