LTD FINANCIAL INCENTIVES TO RETURN TO WORK DURING A DISABILITY
The majority of long-term disability insurance companies offer financial and benefit-based incentives for individuals who are disabled to return to work. Some of the incentives include the following:
· Return to work incentive: Provides employees with an incentive to return to work by enabling disabled workers to earn up to 100 percent of their pre-disability income through a combination of monthly LTD benefits and earned wages during the first 12 or 24 months after returning to work.
· Return to work responsibility: Sets a clear expectation for partially disabled employees to return to work if they are able to earn 20 percent or more of their indexed pre-disability earnings.
· Rehabilitation plan provision generally pays some or all of the costs incurred by a worker for approved education and training; family care; job search; and other job associates expenses that support helping the employee return to work.
· Temporary recovery: Permits employees who suffer from a relapse and again become disabled from the same cause(s) to reopen their claims without being forced to serve another benefit waiting period.
· Reasonable accommodation expense benefit: Repays employers up to $25,000 for approved jobsite modifications that are made in the interest of a disabled person and allow the employee to return to work. The modifications must be approved by the LTD insurance company prior to getting the work done.