Taking out WGA gap insurance for my employee: is it possible?
If an employee is more than 35% incapacitated for work, they will face the WGA. The WGA gap is the loss of income that can occur when an employee is on long-term disability. There is a WGA gap if the employee receives WGA continuation benefits, whereby the total income falls below 70% of the annual wage insured for him. If a WHA gap occurs, it means that your employee's income drops significantly, by up to 30% of their former income. To protect your employee from this, as an employer you can take out WGA gap insurance. In this article on Alpina.nl we tell you more about it.
Why have WGA gap insurance for your employees?
WGA gap insurance is not a mandatory insurance. Nevertheless, WGA gap insurance can be a pleasant insurance for your employees. It is a supplement to the statutory WIA benefits. With a WGA gap insurance you give your employees more financial security. Moreover, it is an attractive fringe benefit. It is much seen as a sign of being a good employer.
Below we list the benefits of WGA gap insurance for your:
- WGA gap insurance supplements the WGA gap until state pension age
- The insurer provides assistance in reintegrating the employee
- Insurance contributes to the financial well-being of your employees
- WGA gap insurance premium is tax deductible
- The benefit is value based
Take out WGA gap insurance collectively
You can offer WGA gap insurance collectively to your employees. Your employees then decide for themselves whether or not they want to participate in the insurance. Although WGA gap insurance is not required by law, some collective bargaining agreements stipulate that such insurance must be taken out. Therefore, always check this in your CLA.
Request a free, no-obligation quote on Alpina.nl
At Alpina.nl you can request a free, no-obligation quote for WGA gap insurance. This way you will know exactly what you will pay in premium later on. To request the quote, we need some information about your employees and your company. Based on this information we can prepare an accurate quote for you. Do you have any questions about requesting a quote or taking out WGA gap insurance? Then please contact us!
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