Frankel & Newfield, P.C.

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Posts tagged "Short Term Disability"

How are short-term disability benefits taxed?

When a worker develops an injury or illness that will keep them out of the workplace for several weeks or months, they may be thankful if they have short-term disability benefits, whether these benefits are an optional benefit offered by their employer or a policy they purchased on their own. These benefits supplement some of the lost income the worker incurs while they recover. Of course, like any other source of income, workers may wonder how short-term disability benefits are taxed.

Plan for the unexpected with a short-term disability policy

Most people in Garden City will take time off from work occasionally. People in the workforce can plan for their vacations, but something that could keep them out of work that they cannot plan for is a serious injury or illness. When taking a day or two of sick leave is not enough, injured or ill workers may need to look into other options.

What does short-term disability cover and when does it kick in?

It is known to most that workplace accidents in Garden City and nationwide can injure or kill workers, but the scope of the problem may surprise some. According to the AFL-CIO, as many as 150 workers lose their lives while at work each day, and annually there are between 7.4 million to 11.1 million workers who are injured on-the-job. In fact, the Council for Disability Awareness reports that one-quarter of workers in their 20s will suffer a disability before retiring.

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