New developments in state and local legislation are making employers rethink Short Term Disability insurance. Here's a recap on paid leave laws in 2018 and how they're impacting employers' views on STD.
The first big Paid Family Leave move of 2019 has already happened. Gov. Phil Scott of Vermont and Gov. Chris Sununu of New Hampshire have teamed up to propose a new paid leave.
Trying to keep track of all the legislative action on Paid Family Leave can make your head spin. Here's a one-stop guide to what’s happening now and what’s on the horizon for 2019. Plus, a look at how political power shifts could favor the push for Paid Family Leave.
Two-thirds of all employees would leave their job for better family/lifestyle benefits. From Millennials to Gen X, Boomers and even Gen Z — each generation values time off to care for family members. Explore what is driving Paid Family Leave to the top of employees' wish lists.
Washington State employers have to make a big decision about Paid Family and Medical Leave before Dec. 31, 2018. Go with the state plan? Or offer your own voluntary plan? Check out five steps you can follow to get ready before premium collections begin Jan. 1.
Massachusetts is the latest state to approve a Paid Family and Medical Leave Program — effective Jan. 1, 2021. See what sets the program apart and how it will work.
New York's paid family leave program has five key changes in store for 2019. Remember, the program will scale up over the next three years. Here's a quick overview to help employees understand the changes.
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Jared's Story: Time for Family
Age: 36 - Occupation: pediatrician - Married, one child
How the Family Care Benefit provided the ability to care for a loved one
Jared's daughter was born with a heart defect. They visited multiple specialists to diagnose the condition and determine the appropriate treatment. Then his daughter underwent surgeries, hospital stays and months of follow-up appointments. Benefits from Jared’s Platinum Advantage policy helped make up for the income lost when Jared spent time away from work to attend physician appointments and to be with his daughter in the hospital and throughout her extended recovery — providing peace of mind during a trying time.
Jody's Story:
Supportive Office Equipment
Age: 42 - Occupation: accountant - Married, no children
Assistance on the road to recovery through a rehabilitation program
Jody's role as an accountant at a small firm requires a lot of computer work. After sustaining a serious back injury from a car accident, Jody was totally disabled under her Platinum Advantage policy. Jody’s doctor recommended she purchase assistive equipment to help her work comfortably at her desk without aggravating her condition. She was able to return to work full time after participating in a rehabilitation program in which expenses for a sitstand desk and other ergonomic accommodations were paid for under her Platinum Advantage policy. These modifications helped ensure she could return to work safely, without hindering her recovery.
David's Story: Starting a Medical Career Age: 33 - Occupation: dermatology physician - Single, no children
Benefits that match career growth through the Benefit Increase Rider
David is completing his dermatology residency and just accepted an offer at a private practice. Before the end of his residency, he purchased a Platinum Advantage policy that included the Benefit Increase Rider, knowing his income will rise significantly after he starts his first post-residency job. The benefit also will allow his policy to grow with him as he progresses in his career and receives additional salary increases. David values the fact that his coverage going forward will match his developing career.
Jason's Story: Accidents Happen Age: 35 • Occupation: orthopedic surgeon • Married, two children
Finding work in a new occupation with the Own Occupation Rider
Jason injured his right hand in an accident and was unable to return to his job as an orthopedic surgeon because he couldn't perform surgery. Due to his medical training, he was able to return to work as a family medicine physician. Jason was considered totally disabled in his regular occupation as an orthopedic surgeon — even though he earns an income from another occupation as a family medicine physician — because of the own occupation definition of total disability included in his Platinum Advantage policy. Because of this, he receives the policy's full basic monthly benefit, in addition to the income he receives in his new position.
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