What is a WGA gap insurance?
Are you an employer and do you consider taking out a WGA gap insurance? Then you might be looking for some extra information on such insurance.
If one of your employees becomes disabled, as an employer you are obliged to continue paying wages for the first two years. After two years, the employee receives a WGA wage-related benefit. This benefit runs for a minimum of 3 months and a maximum of 24 months. It then turns into a WGA continuation benefit. This is where a WGA gap can occur. There is a WGA gap if the employee receives the WGA continuation benefit, and the total income thereby falls below 70% of his annual insured wage. To protect your employee against this, you can take out WGA gap insurance. WGA gap insurance is an insurance you can take out to protect your employees against loss of income if they become disabled for a long period of time. In this article at Alpina.nl we will tell you more about taking out WGA gap insurance.
Why take out a WGA gap insurance?
With a WGA gap insurance your employee receives a supplement to the statutory WGA continuation benefit in case of a WGA gap. In that case, the insurer supplements the employee's income to 70% times the disability percentage times the former salary. With a WGA gap insurance, you reduce the chance of financial problems for your employee. According to the law, it is not mandatory to take out a WGA gap insurance. However, in some collective agreements it is determined that such insurance should be taken out. Even though it is not obligatory, there are enough reasons to take out a WGA gap insurance. It is a supplement to the statutory WIA benefits. Such insurance gives your employees more financial security. Moreover, it is an attractive secondary employment condition. It is often seen as a sign of good employment practices.
Benefits of a WGA gap insurance
A WGA gap insurance has several advantages:
- A WGA gap insurance fills the WGA gap up to the AOW age
- The insurer offers assistance in the reintegration of the employee
- WGA gap insurance is a good secondary employment condition for your employees
- The insurance contributes to the financial well-being of your employees
- The premium of a WGA gap insurance is tax deductible
- The benefit is stable in value
Take out WGA gap insurance directly through Alpina
Taking out WGA gap insurance? You can request a no-obligation quote at Alpina.nl . Based on a number of details, we can give you an accurate quote. You can then easily compare the offer yourself.
Do you have any questions about the WGA gap insurance or about the offer? Please contact us! Our insurance specialists will be happy to help. You can call us Monday to Friday from 08.00 to 18.00 on 088 - 688 3700. You can also ask a question via chat, WhatsApp or Messenger.
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