How does WIA work?
WIA stands for Work and Income according to Labor Capacity Act. If an employee becomes incapacitated for work, the employer is obliged to continue paying the employee's salary for the first two years. Once the employee has been unable to work for more than two years, the obligation to continue paying wages ends and the employee falls under the WIA. They will then receive a statutory WIA benefit from the UWV. The WIA consists of two types of benefits: the WGA (Return to Work Scheme for Persons with Partial Incapacity for Work) and the IVA (Income Provision for Persons with Total Incapacity for Work). The employee receives a WGA benefit if he has been ill for two years or longer and is between 35% and 80% incapacitated for work. He receives an IVA benefit if he is completely and permanently incapacitated for work. In that case, the employee is unable or barely able to work and there is very little chance of recovery. This concerns a percentage of more than 80% incapacity for work.
Various supplementary WIA insurance policies
Various supplementary WIA insurance policies are available:
WGA gap insurance
WGA stands for Return to Work Scheme for People with Partial Occupational Disability. If an employee is more than 35% incapacitated for work, they will be subject to the WGA. The WGA gap is the loss of income that can arise if an employee is incapacitated for work for a long period of time. After two years, when the employer's obligation to continue paying wages ends, the employee receives a WGA wage-related benefit. After a minimum of 3 months and a maximum of 24 months, this benefit is converted into a WGA benefit (wage supplement/follow-up). A WGA gap occurs if the employee receives the WGA follow-up benefit and their total income falls below 70% of their insured annual salary. If a WHA gap arises, this means that your employee's income will drop significantly, to as much as 30% of their former income. To protect your employee against this, you as an employer can take out WGA gap insurance.
With WGA gap insurance, your employee will receive a supplement to the statutory WGA follow-up benefit if there is a WGA gap. In that case, the insurer will supplement the employee's income to 70% of the disability percentage times the former salary.
WIA Excess insurance
WIA Excess insurance is for employees with a salary above the WIA wage limit or €100.00. Your employees are then insured for 70%, 75%, or 80% of their salary above the WIA wage limit or €100.00. The compensation period can run up to a fixed retirement age or up to the actual state pension age. The WIA wage limit is determined each year.
Want to take out supplementary WIA insurance? Request a quote at Alpina.nl
At Alpina.nl , you Alpina.nl request a no-obligation quote for WIA insurance. Based on some information about your organization, we can provide you with an accurate quote. Do you have any questions about taking out WIA insurance? Please don't hesitateto contactus! Our insurance specialists will be happy to help you.
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