Should I take out a WGA gap insurance or not?
As an employer, you are required to continue paying wages for the first two years when your employee becomes disabled. After these two years, your employee will receive a WGA wage-related benefit. Subsequently, this benefit 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 his total income falls below 70% of the annual insured wage. To protect your employee against this, you can take out WGA gap insurance. Are you unsure whether or not to take out WGA gap insurance? In this article on Alpina.nl we tell you more about (the advantages of) taking out WGA gap insurance.
Is a WGA gap insurance mandatory?
No, WHA gap insurance is not compulsory. It is a voluntary insurance which you, as an employer, take out for your employees. You can offer a WGA gap insurance collectively to your employees. Your employees then decide themselves whether they want to participate in the insurance or not. Although a WGA gap insurance is not legally obligatory, some collective agreements stipulate that such an insurance has to be taken out. With a WGA gap insurance, you give your employees extra financial security.
Why take out a WGA gap insurance?
If a WGA gap insurance is not obligatory, why would you take one out anyway? First of all, a WGA gap insurance reduces the chance of financial problems for your employee. With 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. WGA gap insurance is also an attractive secondary employment condition. It is often seen as a sign of good employment practices.
What are the advantages 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
Do take out WGA gap insurance? Request a quote directly at Alpina.nl!
At Alpina.nl you can request a no-obligation quote for WGA gap insurance. To give you an accurate quote, we need some information about your organization and employees.
Do you have any questions about the quote or about taking out WGA gap insurance? Then please do not hesitate to contact us! Alpina can be reached by phone Monday through Friday from 8 a.m. to 6 p.m. at 088 - 688 3712. You can also send us a message via chat, WhatsApp or Messenger.
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