Short-term Disability Insurance
Short-term disability (STD) insurance provides temporary income replacement when you are unable to work for a limited period due to illness, injury, or surgery. It helps protect your income during the early stages of a disability, usually before long-term disability (LTD) benefits begin. This coverage ensures financial stability while you recover and are expected to return to work within a few weeks or months.
How It Works
Short-term disability is income-replacement coverage designed to protect your income when you cannot work for health reasons, usually resulting from an illness or injury. It typically provides benefits for up to six months while you are sick or injured, and it is most often offered as part of a group benefits package, with benefits that vary from employer to employer. Some plans pay for only 17 weeks, while others pay up to a year. Employer short-term disability plans typically pay 60 to 85 percent of your income while you cannot work, and the coverage can apply to a wide range of health conditions, including physical injuries like a broken bone or torn ligament, as well as mental health issues such as depression and anxiety. If your employer has a short-term disability plan, you must make your claims through that disability plan. Short-term disability is the layer that often responds first early in a claim, providing income support that hands off into longer-duration long-term disability coverage if recovery takes longer than expected.
Example:
A Canadian worker covered under a group benefits plan is unable to work for ten weeks after surgery. The plan provides short-term disability after a short waiting period and pays a percentage of the worker's earnings while they remain unable to perform their role. If the recovery takes longer than expected, the file may later be reviewed for long-term disability rather than ending with short-term disability alone.
What to Watch For:
Workers without an employer short-term disability plan may be eligible for federal Employment Insurance (EI) sickness benefits as a safety net, which do not require additional premiums beyond payroll EI contributions. If your plan is designed to qualify for an EI premium reduction, its waiting period for payment of benefits cannot be more than seven consecutive days, with benefits paid no later than the eighth day following the start of the disability. Because plan terms differ so widely, confirm how long your benefits last and how much of your income they replace before you need to rely on them.