Question

Do you think the long-term disability insurance benefit would be a valuable addition to Medfirst’s benefit offerings? Should the company include the partial disabilities coverage?

Answer 1

In this case it seems that there would be some value in providing a long-term disability benefit.   As the company is trying to attract and retain a long-term workforce, offering such a benefit can provide employees some assurance that they will be financially secure if faced with a longer-term illness or injury. Given that such incapacitation is more likely, and that employees have noted concern with financial security, it seems to be a good option for the company. If Medfirst moves forward, it would be wise to add the partial disabilities inclusion. The company can save if employees are able to return to work at least partially as opposed to continue to collect payment on full disability. Allowing employees to return to work part-time also helps Medfirst achieve its objective of retaining employees that have used the disability benefit by easing them back into the work routine.