DISABILITY: 

Disability insurance is a critical benefit that protects employees’ income if they become unable to work due to illness or injury. It comes in two main forms: short-term disability (STD), which typically covers absences from a few weeks up to three-six months, and long-term disability (LTD), which begins after STD ends and can continue for years or until retirement age, depending on the plan. These policies generally replace a percentage of the employee’s salary—commonly around 60%—and can be employer-paid, employee-paid, or a combination of both. Disability insurance is essential for maintaining financial stability during health-related work absences and is often cited by employees as one of the most valued benefits, especially for those with families or ongoing financial obligations. By offering this benefit, employers provide peace of mind and help mitigate the risk of financial hardship for their workforce.