Short- & Long-Term Disability

What is the difference between short-term and long-term disability?

Short-term policies may payout for up to two years, though the majority last for a few months to a year. Long-term policies often provide benefits for a few years or the entire duration of the disability.

When should I enroll for short-term or long-term disability?

It's essential to sign up for STD and LTD coverage as soon as possible during the initial enrollment period. By taking action as quickly as possible, no pre-existing conditions will impact your coverage eligibility.

Is there a waiting period for long-term disability coverage?

Yes. While the waiting period varies based on the provider, most long-term disability coverage has a waiting period of 3-26 weeks after initial onboarding. This period aligns with eligibility for short-term disability that provides coverage during this transitional period.

What is defined as "disability" in a long-term disability policy?

Long-term disability policies generally have two disability periods: "Own Occupation" and "Any Occupation." Own Occupation is a period of up to two years of payable benefits in which the employee cannot perform their regular job or a similar position. Any Occupation is an indefinite period in which the policyholder cannot perform any job they are reasonably qualified to do.

Are there any additional requirements for long-term disability?

LTD requires you to frequently share medical information with your provider to ensure that you maintain coverage eligibility. Most providers also require interested parties to apply for Social Security Disability benefits, assisting as necessary throughout the process.