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4 Questions to Ask Before Seeking New Jersey TDB

All of us would agree on the fact that it is imperative for you to secure yourself from the unavoidable. Take the instance of a disability. You may be going to work on a regular day when a road accident changes everything. If such a situation arises, you should be prepared to deal with it. One way to do this is by seeking the NJ TDB, a scheme for employees that provides tax benefits in case of a non- occupational injury.

However, before you are ready to buy temporary disability insurance in NJ, here is a list of some of the questions you should buy.

1. What does TDB include?

One of the first things that you need to know is about the details included in the TDB. A short term disability plan mandated by the state, it seeks to provide a benefit of 66 2/3% of the average weekly salary of an employee in New Jersey. Besides, it provides coverage to a maximum of 5 a week who are not able to work due to a non- occupational injury. This helps in providing individuals with the necessary aid during post their injury.

2. Who funds for NJ TDB?

The next question you should ask is about the fact that who funds for NJ TDB. In most cases, the plan is funded by both the employees and the employers of an organization. Employees fund for the NJ TDB by contributing the other 0.20% of their taxable wage base. The remaining 0.20% is contributed by the employers in the plan. If the plan is insured through the state, then the employee contribution to the plan ranges from 0.10% to 0.75%.

3. What are the eligibility criteria?

Another question you should ask is about the eligibility criteria. You would want to know who is eligible for the scheme of not. As per the regulations, an employee should have had a minimum of 20 weeks of NJ covered employment or should have earned a minimum of ,400 during the 52 weeks immediately before the week in which the disability began. You should fulfill the requirements to get NJ TDB.

4. Do you have to reside in NJ?

Finally, you should know whether you have to live in NJ to get temporary disability benefits. As per the state regulations, you don't need to live in NJ to seek the benefits. You should work for an NJ covered employer to be eligible for the benefits. Also, if you are from NJ and work as an employee for an organization outside NJ, your employer is bound to provide you the temporary disability benefits for NJ.

If you wish to get the best temporary disability insurance in NJ, you should visit the websites of various NJ TDB providers on the web.

Author’s Bio- The author is an avid writer. This article is about NJ TDB.


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