Short-Term Disability

Invaluable Protection

2017 Administrative Fees:

  • $1.40 Per Employee Per Month, regardless of single or family coverage.
  • Set up Fee: $2.95 Per Employee (includes preparation of Summary Plan Description)

Key Features of Formula Short-Term Disabilty Plans:

Formula Benefits is extremely flexible and will work with each employer to design a plan that will best suit the company’s needs.

Formula Benefits pays Short-Term Disability Benefits as a payroll practice in accordance to the Department of Labor Regulations § 2510.3-1(b)(2).

This simply means that all payments for Short-Term Disability claims will be taken out of the general funds of the employer and paid to the employee coincident with the normal pay period of the employer.