What is short-term disability insurance?
- It is used to protect income in case of illness or injury for people younger than 65 who are not able to work for at least a year.
- It is often sponsored by the employer and provides income protection to an employee while they cannot work for a temporary period of time.
- It is money that is paid out for the first two weeks after an employee has an accident or an illness occurs.
- It covers the employee’s income and medical costs when they are hurt on the job and cannot work.