Moving TDB from the State to a Private Carrier also has tremendous value. 10/1/20 is the next effective date to take action. The State DOL website is overloaded. Employers benefit from cost savings and Employees appreciate a faster process for benefits!
The benefits increases to 85% -$881 per week.
Catching overlap makes for smarter plans at claim time. Saving money is added value.
- LTD plans with 90 Day Elimination Periods will NOT PAY for the first 13 weeks of the LTD claim. - NJ TDB goes 26 weeks, any overlap will offset. Week 13-26 on TDB overlaps day 90-180 on LTD.
- STD plans on the first $75,000 per year of income will NOT PAY a benefit. - A 60% Group STD plan will be completely nullified by the TDB offset. Employees are already getting 85% to $881.
NOW is the time to review ALL your GROUP & STATE DISABILITY PLANS for overlapping coverage & cost savings.
SUBMIT YOUR CONTACT INFORMATION AND LET US SHOW YOU HOW!