Hi, I'm Alan freezin, I have another suggestion for you to help you get the best value out of your group benefit program, short term disability or weekly indemnity, same term, and I'm going to refer to the short term disability. Short Term Disability is a benefit that replaces your earnings if you can't work for a short period of time. There are in the absence of short term disability, there's really two other things that people would rely on. They rely on the employer sick leave benefit program or they rely on the EEI employment insurance sick leave benefit. The Ei sick leave benefit has a relatively small benefit. It's taxable income when you receive it if you are disabled, and it has a two week waiting period before it starts.

So a lot of employers will look to put in a short term disability benefit program. There's three advantages to that. One being that the benefit is tax free. If you'd be I'm disabled to being that the amount of disability replacement, the amount of income replacement is higher. And the third part being that it starts earlier, it starts quicker. Another benefit, which is really more an employer benefit is that if you have a short term disability plan in place, then you can pay a lesser amount for your Ei premiums, instead of paying 1.4 times what the employee pays, then you could pay 1.28 times instead.

So you could save a little bit of money, which would offset the cost of implementing a short term disability plan. My contact information is right over here. Give me a call. look me up on Google Plus or LinkedIn or con look at my website, Alan freezin, calm and love to hear from you if I can help you or if you have some other questions for me. Thanks much and keep well