Life Can Be Unpredictable Preserving the Balance of Work and Family Life Workers shouldn’t have to choose between the job they need and the family members they love. The Family and Medical Leave Act (FMLA) was created to allow employees to take reasonable unpaid leave for a particular family or medical reason so they can maintain a work/life balance. What does it provide? The FMLA provides eligible employees up to 12 workweeks of unpaid leave a year with the requirement of group health benefits to be maintained during the leave as if employees were continuing to work. They are also entitled to resume their same or equivalent job at the end of their FMLA leave. Who is eligible for FMLA? FMLA applies to all public agencies, all public and private elementary and secondary schools, and companies with 50 or more employees. Employees can be eligible for FMLA if they have worked for their employer for at least 12 months, worked at least 1,250 hours over the past 12 months, and work at a location that employs 50 or more employees within 75 miles. When can I use FMLA leave? An eligible employee can be granted up to 12 workweeks of unpaid, job-protected leave in a 12-month period for the following reason(s): • Birth of and/or bonding with a newborn child • The placement of a child for adoption or foster care with the employee • To care for an immediate family member with a serious condition (child, spouse, or parent, but does not include parent in-laws) • To take medical leave when the employee is unable to work due to a serious health condition • For qualifying exigencies arising out of the fact that the employee’s spouse, child, or parent is on covered active duty or call to covered active-duty status as a member of the National Guard, Reserves, or Regular Armed Forces The FMLA exists so employees can tend to their families without worrying about their job, allowing them to provide the best care for their loved ones. For more information regarding whether or not your company is eligible for FMLA, check out your local government agency for more details.
• On average, group long-term disability claims last for 34.6 months. • Medical complications contribute to 62% of all bankruptcies filed in the U.S. With these stats in mind, it’s important that no matter your age, you recognize that you can potentially become injured in accidents or develop chronic illnesses, and because age is a factor in disability insurance rates, the longer you wait to purchase a policy, the higher your premiums will likely be! So, what exactly does disability insurance do for you? In the event that you become disabled, disability coverage can help to protect your income and safeguard your finances. If you become too ill or too severely injured to work, it will pay for a portion of your regular income. There are two different types and a variety of categories of disability insurance available to you as well as different costs and payouts to consider. For more information, contact us today and we can walk you through the process to ensure you are covered!
CALL FOR DETAILS OR TO MAKE YOUR APPOINTMENT TODAY (727) 748-2886 Chuck Chucri, CFP®, CLU®, ChFC®, FLMI Financial Advisor The Prudential Insurance Company of America Prudential.com/advisor/chuck-chucri Our financial advisors offer investment advice, and some may offer financial planning. Our financial advisors and financial planners offer financial planning and/or investment advice through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS). A financial advisor or financial planner offers securities products and services as a registered representative of Pruco and offers insurance products as an agent of issuing insurance companies. 1-800-778-2255 Vermost Insurance is an independent organization and is not an affiliate of Prudential Financial.
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