Short Term Disability from The Standard

Standard Insurance Company's Short Term Disability insurance provides employees with income protection against disabilities resulting from a covered physical disease, injury, pregnancy or mental disorder. Short duration disabilities are more common than long term disabilities and are costly to employers both in lost productivity and actual expenses, especially if an employer currently has a salary continuance plan for short-term absences.

Flexible Provisions and Options

STD insurance offers an attractive way for employers to supplement their sick leave or statutory disability benefits programs and minimize the expense of continuing salaries while employees recuperate. The Standard’s STD plans feature the following flexible policy provisions and options:

STD Plan Features

• Up to 70 percent salary replacement for employer-paid plans
• Maximum benefit amount up to $5,000 per week
• Maximum benefit duration up to 52 weeks
• Benefit waiting periods starting at zero days for accidents and three days for illnesses and pregnancies
• Choice of non-occupational or 24-hour coverage
• Performance Guarantee for groups with at least 1,000 insured employees
• Reports Online^SM claims reports service available at no additional cost

Additional Cost Options

• First Day Hospital Benefit
• Daily Hospital Benefit
• FICA Payment and W-2 Preparation

Claims Management Services

A knowledgeable team of benefits analysts, vocational case managers and nurse case managers provides early screening, assesses disability duration and identifies return-to-work opportunities. As a result, employees may return to work sooner, and employers regain their valuable employees and contain disability claims costs.

Claims Administration Options

For businesses that self-insure their STD plans, The Standard offers three administration options. Each is available to employer groups of at least 250 employees also covered by our Long Term Disability insurance and provides the same claims management expertise and service that our fully-insured customers receive.

• Administrative Services Only: The Standard manages, calculates and issues checks for all approved claims.
• Advice To Pay: The Standard manages claims, calculates benefits and advises the plan sponsor how much to pay and for how long. Employers may choose to calculate benefit amounts themselves.
• Select Claim: Employers choose which claims they want The Standard to manage and which they wish to handle themselves.

Statutory Disability

Available in New Jersey, The Standard’s Temporary Disability Benefits (TDB) plans provide a temporary, weekly benefit to employees who are unable to perform the regular duties of their employment due to a sickness, pregnancy, mental disorder or an off-the-job, accidental injury. Our plans meet, at least, the minimum New Jersey State TDB coverage requirements.

Voluntary STD

The Standard offers Voluntary STD plans designed to meet the specific needs of different employer groups. The Standard provides personalized enrollment and product materials that help employers communicate the value of voluntary coverage to their employees.

For more details about Short Term Disability insurance from The Standard, please contact your local Employee Benefits Sales and Service Office today.