1 Answer

Whatisshort-termdisabilityinsurance?
Short-termdisabilityinsurancepaysapercentageofyoursalaryif youbecometemporarilydisabled,meaningthatyouarenotabletoworkforashortperiodoftimeduetosicknessorinjur (excludingon-the-jobinjurieswhicharecoveredbyworkerscompensationinsurance)A typicalshort-termdisabilityinsurancepolicyprovidesyouwith40to65percentofyourpre-disabilitybasesalary,accordingtotheLifeandHealthInsuranceFoundationforEducationTheNationalAssociationofInsuranceCommissionersestimatesthatthesebenefitsgenerallylastbetweenthreeandsixmonthsMostshort-termdisabilityinsurancepolicieshavea"cap,"meaningyoureceiveamaximumbenefitamountpermonth.Short-termdisabilityinsurancepoliciesalsohavealimitontheamountoftimeyoucanreceivebenefits—uptotwoyears,accordingtotheInsuranceInformationInstitute(III).