Disability
Disability coverage provides an income replacement benefit in the event you are unable to work due to a non-job-related illness or accident. The ability to work is typically an employee’s most important financial asset. The Social Security Administration estimates that just over 1 in 4 of today’s 20-year-olds will become disabled before reaching age 67. Once an individual has become disabled for over 90 days, the average length of disability is 4 years.
Salad Collective provides eligible employees in Class 1 & 2 with Short Term Disability, and the option to purchase (Salad Collective paying 50% of the premium) for employees in Class 3.
For Long Term Disability, Salad Collective also provides eligible employees in Class 1 & 2 with this benefit, and the option to purchase (Salad Collective paying 50% of the premium) for employees in Class 3.
Short Term Disability
Short Term Disability coverage protects you with a financial benefit for disabilities for up to 11 weeks if you remain disabled and unable to work. Benefits begin on day 15 for injury or sickness.
Long Term Disability
Long Term Disability provides a benefit up to age 65 or Social Security Normal Retirement Age should your disability continue beyond the Short Term Disability period and if you continue to satisfy the definition of disability.
