Could you pay your bills if an illness or injury prevented you from working? Disability benefits can help.
Disability benefits are administered by NY Life.
Short-Term Disability (STD)
STD benefits replace a portion of your income if you’re unable to work due to pregnancy, illness, or non-work-related injury.
Slalom automatically provides STD coverage for you free of charge.
Long-Term Disability (LTD)
Slalom automatically provides LTD coverage for you free of charge.
LTD benefits pick up where your STD benefits end—providing you with a portion of your income for as long as you remain eligible.
Things to Consider
Be sure to consider the following:
Other Income Sources
If you were unable to work, would other sources of income be available to you, such as sick pay, salary continuance, a short-term state disability plan, or Social Security? If so, consider whether you would have enough money to pay your ongoing expenses for a period of time.
Taxes
Disability benefits may be taxable as ordinary income. That means federal and state income taxes will be deducted from disability benefit checks. When choosing a disability coverage level, be aware that taxes may affect the dollar amount of your benefit.