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Office provided health insurance?

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  • Oct 31st, 2019 3:13 pm
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[OP]
Deal Addict
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Aug 11, 2003
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Office provided health insurance?

All,

I'm not sure about the long term & short term disability insurance provided by my office. So far I have not elected coverage. Thoughts?
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11 replies
Deal Guru
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Mar 9, 2007
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Think of the Childre…
and why not? What kind of coverage you talking about?
doomhammer wrote: All,

I'm not sure about the long term & short term disability insurance provided by my office. So far I have not elected coverage. Thoughts?

WOULD SOMEBODY THINK OF THE CHILDREN!!!
[OP]
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Aug 11, 2003
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OldMarriedGuy wrote: Thoughts on what exactly?
Yah sorry I mean should I elect the LTD & STD?
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[OP]
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Aug 11, 2003
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Havo wrote: Need more details. Did you start a new job and don't have benefits? Have you not opted in because there are deductions?
Yes there are deductions every pay cycle.

I'm wondering if I should elect to enroll in LTD & STD?
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Deal Addict
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Dec 24, 2007
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doomhammer wrote: Yes there are deductions every pay cycle.

I'm wondering if I should elect to enroll in LTD & STD?
LOL...without details of coverage and costs, it's like asking on RFD the question "should I get married?" as your only statement
Deal Addict
Nov 30, 2011
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Given you can get EI Sick benefits (in lieu of STD) and most LTD claims are rejected on first application (and then only last 1-2 years if you're lucky), if I had to do it again I would opt out and and put any premiums in my own savings account. If you are young and healthy, you may never need to use this type of benefit (which is what most insurance companies bank on anyway!).
Deal Addict
Jun 18, 2018
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Toronto
It's insurance... you don't know if you will need it until you do. Though if you are more elderly, it becomes more worthwhile to consider. It could even happen when you're young...

My company forces me to have it but they pay the deduction

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