Why Offer Group Disability Insurance?
Disability coverage is one of the most sought-after benefits a company can offer its work force. Such plans provide important income protection for your most valuable asset – your employees – and represent a valuable aid in employee retention.
Humana's Disability Plans
Plans vary by group size and riders selected by the employer. The length of payment schedules and size of payment benefits vary depending on the duration of the disability and the employer's size, respectively. Here's a general overview of plan features and options:
Features of group STD plans may include:
- Up to 66 2/3% reimbursement of insured's weekly earnings
- Coverage for non-occupational sickness, mental illness, substance abuse, and pregnancy
- Partial and residual benefits
- Recurrent disability benefits
- Multiple causes of disability benefits
- Vocational rehabilitation or rehabilitative employment benefits
Features of LTD plans may include:
- Choice of plan designs
- Multiple monthly benefit maximums and elimination periods
- Various income replacement percentages
- Definition of disability covering own occupation and any occupation
Optional LTD benefit features may include:
- Accidental dismemberment and loss of sight benefit
- Activities of daily living benefit
- Pension contribution benefit
- Cost-of-living adjustment
- Online work-life resource/EAP providing access to legal, financial, childcare, eldercare, and caregiver resources
- Customized rehabilitation programs
Plan Integration And Return-To-Work Support
Competitive group rates are but one advantage of Humana disability plans. Our group STD and LTD plans are designed to complement each other. A key element in managing LTD claims better is early involvement in the STD claims process. Because there is a complementary, integrated process, they naturally increase efficiencies in terms of claims administration, case management and overall cost profile.
This early intervention results in a dramatically increased success rate for our return-to-work services. These services, along with incentives toward the goal of recovery, promote a return to independent, productive work.
Professionals who specialize in disability claims management administer our claim evaluation services. With Humana Specialty Benefits, you can be certain we'll take care of the details, so you're free to concentrate on your business.
Get a quote for Humana disability insurance
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