Download Disability Income Continuation

Disability Income
Continuation
Compensation Management
Disablities
 Disablity can be classified as regular
temprary total or partial
 When Employees are unable to work
due to some disability after an
accident on Job or outside some
organization continue to pay them
Short Term Disablity
 Organization pay the employee while
emploee remains absent from work
due to some accident
 Mostly insurance covers the medical
expanses but pay is given to keep the
kitchen of household alive
Long Term Disability (LTD)
 Long term disability insurance is
needed as when Employees are
disabled permanently or for a long
period they need extra funds for
medical as well as household
 This some times is tied up to pension
also
Worker’s Compensation
 State Laws require that Ocupational
Disablity Insurance must be provided
 When some one is disabled while
performing his/her Job
Non-occupational Temporary
Disability
 Some governments and organizations
also give compensation for disability
that arise form Non Occupational or
from outside injury or illness
 Employee receives certain benefit or
pay as he/she may not be able to
continue working
Social Security
 This also relates to permanent total
or partial disability
 Governments require the
organizations or the social Security
System to pay a certain amount to
such employees
 In Pakistan Social security is
governed by law for lower level
workers
Travel Accident Insurance
 Organizations provide Travel
Insurance plans for employees whose
jobs involve traveling from place to
place
 This can be a temporary benefit while
employee is traveling or long term
Other Incomes
 Sick Leaves
 Supplimental Disablity Insurance
 Accidental Death or Dismemberment
 Group life Insurance
 Retirement Plans