Group Long-Term Disability Insurance FOR SMALL BUSINESS

The phrase “long-term disability” refers to the help that people with chronic illnesses, disabilities or other conditions need daily over an extended period of time. The type of help needed can range from assistance with simple activities (such as bathing, dressing and eating) to skilled care that’s provided by nurses, therapists or other professionals.

Small Group Disability Insurance

Medicare will cover a short stay in a nursing home, or a limited amount of at-home care, but only under very strict conditions. To help cover potential long-term disability expenses, some people choose to buy a small group long-term disability insurance plan for their employees. Our expert insurance brokers at Shelton Insurance will help you decipher the growing list of small group long-term disability insurance qualifications to find the best coverage for you and your business.

We offer:

  • Small group long-term disability insurance for Small Business Owners
  • Small group long-term disability insurance for Employers
  • Small group long-term disability insurance for Non-Profits

Since you can’t predict what your employees’ future long-term disability needs will be, you may want to buy a small group policy with flexible options. Depending on the policy options you select, long-term disability insurance can help you pay for the care your employees need, whether they are living at home or in an assisted living facility or nursing home. The insurance might also pay expenses for adult day care, care coordination and other services. Some policies will even help pay costs associated with modifying their home so they can keep living in it safely.

Most policies have some type of limit to the amount of benefits they can receive, such as a specific number of years or a total-dollar amount. When purchasing a small group long-term insurance policy, you select the benefit amount and duration to fit your business’ budget and employees’ anticipated needs.

Factors we’ll help you consider when thinking about Small Group Long-Term Disability Insurance:

  • Your employees’ age and current health, including pre-existing conditions
  • The premiums across the policy length
  • Your employees’ income now and in the future
  • Your employees’ support system and their involvement
  • Your employees’ savings and investments
  • Your employees’ taxes and tax benefits

Policies may cover the following care arrangements:

  • Nursing home: A facility that provides a full range of skilled health care, rehabilitation care, personal care and daily activities in a 24/7 setting.
  • Assisted living: A residence with apartment-style units that makes personal care and other individualized services (such as meal delivery) available when needed.
  • Adult day care services: A program outside the home that provides health, social and other support services in a supervised setting for adults who need some degree of help during the day.
  • Home care: An agency or individual who performs services, such as bathing, grooming and help with chores and housework.
  • Home modification: Adaptations, such as installing ramps or grab bars to make your home safer and more accessible.
  • Care coordination: Services provided by a trained or licensed professional who assists with determining needs, locating services and arranging for care. The policy may also cover the monitoring of care providers.
  • Future service options: If a new type of long-term care service is developed after you purchase the insurance, some policies have the flexibility to cover the new services. The "future service" option may be available if the policy contains specific language about alternative options.

Ready to get small group long-term disability insurance for your business? We’re here to listen to your questions and help you get answers. Sometimes talking over the phone is easier.
Call us at (831) 637-8941.