DEFINITION:Canada Post Short Term Disability: A type of insurance coverage provided to employees of Canada Post that replaces a portion of their income in the event that they are unable to work due to a qualifying illness, injury, or disability for a limited duration of time.
FAQs:
1. What is the eligibility criteria for Canada Post Short Term Disability benefits?
To be eligible for Canada Post Short Term Disability benefits, employees must be actively at work and covered by the Canada Post Group Benefits Plan. They should have completed the qualifying period and must provide medical evidence to support their inability to work.
2. How long does Canada Post Short Term Disability coverage last?
Canada Post Short Term Disability coverage typically provides benefits for a maximum of 26 weeks (6 months). However, the actual duration may depend on the specific terms of the coverage and the nature of the disability.
3. What percentage of income does Canada Post Short Term Disability insurance replace?
Canada Post Short Term Disability insurance typically replaces a percentage (e.g., 70%) of an employee’s pre-disability income. The specific percentage may vary depending on the terms of the coverage.
4. Is there a waiting period before Canada Post Short Term Disability benefits begin?
Yes, there is usually a waiting period before Canada Post Short Term Disability benefits become payable. The waiting period is typically a specified number of days (e.g., 7 days) during which the employee must be continuously disabled before benefits commence.
5. Can employees receive other types of benefits while on Canada Post Short Term Disability?
Employees receiving Canada Post Short Term Disability benefits may be eligible for other benefits such as workers’ compensation or government disability benefits. However, the coordination of benefits may vary depending on the specific circumstances and insurance policies involved.
6. Can Canada Post Short Term Disability coverage be extended?
In some cases, Canada Post Short Term Disability coverage can be extended beyond the initial duration. This may happen if the employee’s medical condition prevents them from returning to work after the initial coverage period. However, such extensions are subject to approval based on medical assessments.
7. Are Canada Post Short Term Disability benefits taxable?
Canada Post Short Term Disability benefits are generally taxable, meaning they may be subject to income tax. However, specific taxation rules may vary based on factors such as the employee’s overall income and other applicable laws.