Understanding Short Term and Long Term Disability Benefits: A Guide for NavSav Insurance Clients


Navigating the complexities of disability benefits can be challenging. At NavSav Insurance, we believe in empowering our clients with knowledge to make informed decisions. This guide provides essential information on Short Term Disability (STD) and Long Term Disability (LTD) benefits, ensuring you’re well-prepared for life’s uncertainties.

Short Term Disability Benefits: Your Safety Net for Temporary Incapacitation

Short Term Disability (STD) insurance is designed to protect your income for a brief period when you’re unable to work due to illness, injury, or pregnancy. Here’s what you need to know:

  • Coverage Duration: STD benefits typically cover you for three to six months, providing financial support when you need it most.
  • Benefit Amount: You can expect to receive about 40% to 70% of your pre-disability earnings, depending on your policy.
  • Qualifying Conditions: Non-work-related illnesses, injuries, and pregnancies are the most common reasons for claiming STD benefits.
  • Waiting Period: There’s usually a short waiting period, such as a week, before benefits kick in.

Long Term Disability Benefits: Ensuring Financial Stability During Extended Absences

Long Term Disability (LTD) insurance offers a continuation of income when you’re facing a prolonged period away from work due to a disabling condition. Here’s what you should understand:

  • Coverage Duration: LTD benefits can last from five years up to retirement age, depending on your policy.
  • Benefit Amount: LTD policies generally provide 60% to 80% of your monthly salary.
  • Qualifying Conditions: To qualify, you must meet the insurer’s definition of disability, which often requires an inability to perform any occupation.
  • Waiting Period: LTD benefits typically have a longer waiting period, reflecting the extended nature of the coverage.

Maximizing Your Benefits: Tips for NavSav Insurance Policyholders

To ensure you make the most of your disability benefits, consider the following tips:

  • Understand Your Policy: Familiarize yourself with the specifics of your STD and LTD coverage. Knowing the details can help you navigate the claims process smoothly.
  • Keep Documentation: Maintain thorough records of your medical treatments and any correspondence with healthcare providers.
  • Stay Proactive: Communicate regularly with your employer and insurance provider to keep them updated on your status.

Please note: This content is for informational purposes only and is not a substitute for professional advice or a policy document. For detailed policy information, please refer to your NavSav Insurance policy or consult with a licensed agent.

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