{"id":174,"date":"2014-03-14T15:07:00","date_gmt":"2014-03-14T15:07:00","guid":{"rendered":"https:\/\/immixgroup.ca\/blog\/?p=174"},"modified":"2022-02-06T19:48:58","modified_gmt":"2022-02-07T03:48:58","slug":"long-term-disability-coverage","status":"publish","type":"post","link":"https:\/\/immixgroup.ca\/blog\/2014\/03\/14\/long-term-disability-coverage\/","title":{"rendered":"Long-term disability coverage"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"174\" class=\"elementor elementor-174\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d5f2cae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d5f2cae\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3360f4\" data-id=\"c3360f4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0596f1c elementor-widget elementor-widget-text-editor\" data-id=\"0596f1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t <ul>\n    <li>By\u00a0<a href=\"https:\/\/ca.linkedin.com\/in\/lindsaybyrka\" target=\"new\" rel=\"noopener\"><strong>Lindsay Byrka<\/strong>\u00a0| BA, BEd, CFP<br>\n      Vice President, Immix Group: An Employee Benefits Company<\/a><\/li>\n  <\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e678cf8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e678cf8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9081d4e\" data-id=\"9081d4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab9f1bd elementor-widget elementor-widget-text-editor\" data-id=\"ab9f1bd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Imagine for a moment that one of your employees got into a serious crash while commuting home. The employee is going to recover \u2013 but it will take months of intense therapy before he can return to work. By that time his Employment Insurance will have run out. So will his savings. He and his young family will face a tough time making ends meet. The accident was not work-related, so WorkSafe BC won&#8217;t pay anything.<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/p><p>You&#8217;d like to help. But, frankly, your company just can&#8217;t afford to pay someone who isn&#8217;t working.<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/p><p>Fortunately, your company has a benefits program that includes long-term disability coverage \u2013the kind of coverage designed for exactly this situation. The paperwork is simple. The claim will be quickly approved.<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/p><p>You feel relieved, because the employee will be looked after. Your other <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2021\/11\/17\/3-action-steps-employers-can-take-to-reduce-employee-financial-stress-and-increase-financial-literacy\/\">employees realize the value of working for an employer<\/a> who provides such a thorough \u2013 and compassionate \u2013 benefits package. And the injured worker and his family can relax, knowing that they will receive a tax-free income they can live on until he is fully able to return to work.<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/p><p>When we do an <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2021\/10\/29\/top-8-faqs-for-business-owners-when-implementing-an-employee-benefits-plan\/\">employee benefits<\/a> information session, it&#8217;s surprisingly common to hear such comments as:<\/p><ul><li>\u201cI didn&#8217;t realize that I was covered 24-7, even when I&#8217;m not at work.\u201d<\/li><\/ul><ul><li>\u201cI had no idea that, as long as I&#8217;m unable to work, I would keep receiving payments until retirement at age 65.\u201d<\/li><\/ul><ul><li>\u201cI didn&#8217;t realize this covered things like depression or stress. I thought \u2018disabled&#8217; meant only\u00a0<em>physically<\/em>\u00a0disabled.\u201d<\/li><\/ul><p>We tell our clients all the <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2021\/01\/15\/the-best-time-to-review-your-benefits-program-is-now\/\">time that the long-term disability portion of their benefits program<\/a> is the most valuable part of the plan. It&#8217;s also the most often misunderstood part. Most employers and their employees forget all about the disability coverage \u2013 until a serious accident occurs.<\/p><p>As the <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2020\/10\/01\/business-owners-how-to-design-the-best-group-savings-plan-for-your-company\/\">business owner<\/a>, having long-term disability coverage in your benefits package shifts the risks over to the insurer. If an <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2022\/03\/23\/the-hybrid-work-model-is-working-from-home-an-employee-benefit%ef%bf%bc\/\">employee has to be off work<\/a> for a long time due to some disability, the employer is relieved of any legal or moral responsibility for looking after the employee and his or her family.<\/p><p>If you haven&#8217;t already done so, consider adding long-term disability to your <a href=\"https:\/\/immixgroup.ca\/blog\/index.php\/2021\/07\/13\/hybrid-traditional-flexible-employee-benefits-a-sample-design-for-smbs\/\">employee benefits<\/a> program. I&#8217;ll be glad to provide more information, and to answer any questions you may have.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f09c38 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f09c38\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9366fe1\" data-id=\"9366fe1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0d6d70f elementor-widget elementor-widget-text-editor\" data-id=\"0d6d70f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<script src=\"https:\/\/apps.elfsight.com\/p\/platform.js\" defer><\/script>\n<div class=\"elfsight-app-83f14fdc-92b5-4456-9af4-0934ad166639\"><\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05ffba8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05ffba8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-2b23dbe\" data-id=\"2b23dbe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f51620 elementor-widget elementor-widget-image\" data-id=\"8f51620\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"960\" src=\"https:\/\/immixgroup.ca\/blog\/wp-content\/uploads\/2014\/03\/Lindsay-Byrka-683x1024.jpg\" class=\"attachment-large size-large wp-image-208\" alt=\"\" srcset=\"https:\/\/immixgroup.ca\/blog\/wp-content\/uploads\/2014\/03\/Lindsay-Byrka-683x1024.jpg 683w, https:\/\/immixgroup.ca\/blog\/wp-content\/uploads\/2014\/03\/Lindsay-Byrka-200x300.jpg 200w, https:\/\/immixgroup.ca\/blog\/wp-content\/uploads\/2014\/03\/Lindsay-Byrka-768x1152.jpg 768w, https:\/\/immixgroup.ca\/blog\/wp-content\/uploads\/2014\/03\/Lindsay-Byrka.jpg 1000w\" sizes=\"(max-width: 640px) 100vw, 640px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-235b401\" data-id=\"235b401\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8885f36 elementor-widget elementor-widget-text-editor\" data-id=\"8885f36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Lindsay Byrka<span class=\"cert\"> BA, BEd, CFP<\/span><\/h3><p>Vice President, Immix Group: An Employee Benefits Company<br \/><strong>A<\/strong>\u00a0<a href=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d2602.5699178039927!2d-123.12053598382099!3d49.28454617855886!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x54867181f97930d5%3A0x9797e526e8704198!2s888%20Dunsmuir%20St%20%23450%2C%20Vancouver%2C%20BC%20V6C%203K4!5e0!3m2!1sen!2sca!4v1583124389424!5m2!1sen!2sca\" target=\"new\" rel=\"noopener\">Suite 450 &#8211; 888 Dunsmuir St. Vancouver V6C 3K4<\/a><br \/><strong>O<\/strong>\u00a0<a href=\"tel:6046885262\">604-688-5262<\/a><strong>\u00a0E<\/strong>\u00a0<a href=\"mailto:lindsay@immixgroup.ca\">lindsay@immixgroup.ca<\/a><br \/><strong>W<\/strong>\u00a0<a href=\"http:\/\/www.immixgroup.ca\/\">www.immixgroup.ca<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By&nbsp;Lindsay Byrka&nbsp;| BA, BEd, CFP Vice President, Immix Group: An Employee Benefits Company Imagine for a moment that one of your employees got into a serious crash while commuting home. The employee is going to recover \u2013 but it will take months of intense therapy before he can return to work. By that time his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5],"class_list":["post-174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-long-term-disability-coverage","tag-long-term-disability-coverage"],"_links":{"self":[{"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/posts\/174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/comments?post=174"}],"version-history":[{"count":30,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/posts\/174\/revisions"}],"predecessor-version":[{"id":180,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/posts\/174\/revisions\/180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/media\/54"}],"wp:attachment":[{"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/media?parent=174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/categories?post=174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/immixgroup.ca\/blog\/wp-json\/wp\/v2\/tags?post=174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}