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Disability Insurance

Parent Category: Insurance
A form of insurance that insures the beneficiary's income against a potential disability that will make an employee incapable working

Subcategories

Long term disability benefits may be a benefit of employment, or provided under an individual policy purchased by the insured. In either event, the terms of the benefit will be defined in the plan or policy. These include the duration of time that the insured must be out of work, due to a disabling...
If she no longer a dependent of yours she should no longer be  entitled to the payments. They should have been paid to you anyway  for her behalf if I'm not mistaken. I'm sure a check was never sent  in the name of a minor. Make sure she does not call them pretending  to be you and change the...
You may apply for Social Security Disability Benefits. They will  then determine whether or not you are qualified. Just because you  are currently out of work certainly does not mean that you are  qualified. If you were just working fairly recently, I can tell you  that you will probably be...
This will most likely depend on the policy itself and the terms  within the policy. I would think that unless there is a specific  clause preventing payment during incarceration, the disability  payments will continue to be paid as long as you are disabled.
Not until you reach the age of 64.5 years of age. If you are not  qualified to receive Medicare disability benefits then you will not  going to get them. Making a claim on someone else's is based on  death of another individual.
Sure. WC does not prohibit you from applying for SSDI. If you are  approved you need to tell both to make sure you don't end up owing  back money you didn't know about.
Disability has nothing to do with your life insurance. These are  two different things.
Once you reach retirement age, your Social Security Disability benefits convert to regular retirement benefits, payable at the same rate. You cannot collect an additional amount due to disability. It is possible that you could qualify for the SSI supplemental security income, which is based on...
Only if your daughter is a disabled person; if she qualifies for SSI now.
This is not declared income and you will not have to pay income taxes on it. Same thing for child support. However, Alimony payments have to be delclared and will be taxed.
The Family Medical Leave Act provides 12 weeks of job protected leave, and applies to employers with 50 or more employees. If you are out of work longer than 12 weeks, and/or your employer has less than 50 employees - you can be fired.
You would want to get a degree in business management, it would take about 4 yrs give or take depending upon the size of your class load. You would also probably want to get licensed, but that should only take a couple of months tops.
Usually not, unless you can prove your injury did not happen at work and having it listed as such was an error (made by someone other than you). I know being injured is the worst, dealing with people who want to give their 2 cents worth about your medical care is the pits, but if you have to be...
If you quit a job where does short term disability come into play.  Perhaps a little more information will help us to give you an  accurate answer. Sorry.
  == Answer ==   Renewable means as long as you pay the premiums you will always have the policy. Convertible means you can convert your policy to perm without further evidence of insurability. This should be under Life Insurance questions.
Yes - keep both coverages. They are designed for two very different purposes. Your medical insurance reimburses the doctors and hospitals that provide your medical treatments. Disability insurance replaces a portion of your income during the time you are sick or hurt and unable to work.
as the interviewee you shouldn't show the interviewer you want to put too much emphasis the fact you want to know about all the benefits of the company in the first few interviews. the interviewer wants to know that you are interested in the position/company and everything they have to offer vs...
Yes, many. In the US some are on SSDI and some are on SSI.
    I guess you'd need money first? Does this person have any income? How would disability insurance benefit a person without a job?   If your husband is makeing money, yes! Be safe.
Yes.   Modification: You might collect both IF you are physically, mentally able and available according to "Basic Eligibility Requirements" on page 4 of the Related Link below. This would mean the Social Security Disability must not be too severe (and SSD investigators thoroughly check out a...
Insurance is a recession proof industry so as long as the BM is doing his her job properly and is profitable they will have great job security.
According to the Related Link below, to be eligible for unemployment you have to be available to go to work immediately with no restrictions on your ability to work (among other requirements) If the disability prevents you from doing this, then no. Also, if you qualified otherwise, the benefits...
  == Answer ==   The purpose of auto insurance is to help pay the cost of damages to at least the other persons car depending on the type of insurance it may cover your car it may even cover your car because of fire , wind, and water damage. If you get in an accident an you don't have any...
A full or total disability will trigger a total claim. The amount of benefit that a person received is dependent on the amount of benefit provided by the specific Disability insurance policy. To find out how much benefit your specific policy pays in a total disability claim, either revert to your...
Yes, if you own a private Disability insurance policy, the guidelines and benefits are accounted for separately from Social Security benefits. A person can be eligible to receive both benefits. A private Disability policy can have two types of benefits: Base and Social Insurance benefit. Base...
Fifty to one hundred percent of your highest rank pay during your time in service, and based on the nature of the disibility and how you acquired it
The insurance carrier will issue a 1099 with your disability income if it is subject to taxation. The benefit is taxed if you paid the premium pre-tax, or if your employer funded a portion of the premium.
The reasoning behind the Disability Benefits program, is to grant a monthly check to those people who are "no longer able" to perform the duties required to hold their job, or work due to some medical issue. But Unemployment Benefits should be paid when a person finds themselves without a job, but...
Yes, you can collect both, but your unemployment will be offset by any disability benefits you receive. You also have to be ready, willing, able and actively seeking full time employment to qualify for the unemployment compensation. See the Related Link below for more details.
Being pregnant is not a short term disability issue and definitely was not caused by a work place incident.
Taxation of disability benefits from a private disability insurance policy are based on whether the premiums are being expensed or not. Assuming that the premiums are not expensed and you are paying with after-tax dollars, your benefits will not be taxable.
You could be subject to unemployment fraud if you do collect, because by definition, to qualify for full disability you would be unable to work. There might be a loophole somewhere, but you should check with the unemployment office for particulars.
  dis·a·ble   -verb (used with object),-bled, -bling.1.to make unable or unfit; weaken or destroy the capability of; cripple; incapacitate: He was disabled by blindness.2.to make legally incapable; disqualify.Posted word for word at dictionary.com
  == Answer ==   That's about the limit.  They don't want you making more $$$ injured than working.  Also, disability payments generally are not taxable.
the first state to implement a successsful disability plan was  delaware
Your physician would be the best person to determine whether you have a disability.
Essentially private DI insurance ends when you are eligible to return back to work.
Answer . \nIf you are in the state of Texas, most disability, both short term and long term disability will cover 60% of your income tax free.
Fibromyalgia can be or become a very serious issue over time, specially if not properly treated. It is a condition that insurance companies do not want to insure on an individual basis. If you have fibromyalgia, try to obtain income protection through work as it will be the best option for you to...
This will be dependent on the coverage that your are offered and have been paying for at work. Some companies allow for individuals to continue coverage on an individual basis and others do not. The best way to find out is simply to call your specific insurance company and ask. If you are in good...
When dealing with Short-Term Disability insurance, it is always ideal to have coverage offered at work, or to implement a program through work. The benefits provided are less limited and can be made available to everyone at a lower cost. However, if you are not offered coverage through work, you...
The amount your employer pays for the cost of your group Disability insurance is uncertain. Some companies will pay for the full premium, others pay for 50% and some will not pay any of the premium but offer coverage on a voluntary basis instead. You should also know that if your employer pays for...
Every company has a different maximum issue age. Because people are living longer and continuing to work later in life, many companies have started to increase their maximum issue age. Most companies are willing to offer coverage until age 61, but there is 1 or 2 companies that are willing to make...
Every state has different labor laws but generally no, most employers require you to be 100% fit(no restrictions) before they will allow you to return to work. EXCEPT, those larger employer subject to ADA must not require that you be 100% fit - but only able to perform the ESSENTIAL functions of...
If you had active coverage under your group short-term disability or long-term disability plan on November 9, 2007, then you may be eligible for benefits. You will have to find out what insurance company handled your disability benefits during that period of time, and then follow-up with them....
Yes as long as you are not receiving unemployment assistance.
If you can prove that you are disabled, yes. There are many factors that come into play to receive disability.
Collecting Social Security would not interfere with your compensation disability
Missouri does not mandate short term disability coverage. The choice is left up to the employer. Most employees pay for disability coverage 100% themselves via payroll deduction, so there is no direct cost to the employer to give employees this option.
  Check your policy language for details. Some insurers will pay benefits based upon your inability to perform certain Activities of Daily Living (ADL): eating, bathing, transferring, etc. Others will require confirmation that you were working prior to your disabling event.
Only if you live in the ghetto and have 14 kids from 14 different women who collect the Welfare...
If you are looking to implement an Electronic Medical Record  system, i would recommend you to go to CureMD. It is one of the  popular EMR choices with good user reviews. You can visit their  website curemd.com/emr.htm    However, if you are asking about where could you get an access to ...
Because the disability and lack of available work were no fault of your own should be no reason you would not be eligible for unemployment, on those issues.
If you're referring to private disability insurance, then your disability insurance contract will spell out the terms.If you're referring to Social Security then the current amount you can earn and still collect benefits is about $1000 per month.
If you can work, WORK! This is what is wrong with this country today, to many lazy people that can work are sitting home on disability when even a paraplegic can do something to make money. Cali is an expensive state to live in though, so I suggest going to the SS website and reading, or call SS and...
You could still apply for disability. Most people I know who apply for it end up applying at least 3 times before they get it.
Keep in mind, Ins.co. don't offer the highest amount of money as settlement right off the bet! 7% disability is not a joke (yet not that bad) and ultimately may or will progress into higher percetage as you grow old. Question is, what is your attorney saying about it? Or do you have one? This is...
It depends on why you are taking leave, and if you have short term disability coverage in force. Illinois does not have state mandated disability coverage so you would need to have a policy already in place. Short term disability will cover your disability, but will not pay benefits if you are...
Georgia does not have state mandated short term disability coverage.    Private short term disability policies will cover your pregnancy and maternity leave - provided you apply for coverage before getting pregnant.
Diabetes is not a disease that's presumed to be disabling. You would have to show that the symptoms cannot be controlled by recognized drugs/procedures and that they make it impossible for you to perofrm any job for which you would be qualified based on your age, education, and work history.
Minnesota does not have mandated state short term disability insurance. You would need to acquire private coverage.
No. If you are Disabled, you cannot work, therefore you cannot get Unemployment. If you can work, you are not disabled and therefore should not be on Social Security Disability Benefits. It's an either/or thing, one but not both -at least not legally, and if you DO pull it off, expect to lose ALL...
As prescribed by your doctor. Your employer needs to comply fully.
The same year that Social Security was created, the United States instituted an unemployment insurance program.
Can I be fired while being on short term disability. I was even urged by my employer to go ahead and take the time to get well.
Don't quote me on this as I really don't know for sure, but I'm on SSDI, and if I were to get a job that pays well enough for Social Security to say that I don't need them to pay me anymore, I wouldn't expect them to say that all of the checks that Social Security gave me in the past seven years, I...
As soon as the husband begins collecting it, but the ex wife can only collect it if there is a standing court order pertaining to to.
What is the basis for the concept of risk pooling? The basis for the concept of risk pooling is to share or reduce risks that no single member could absorb on their own. Hence, risk pooling reduces a person or fim's exposure to financial loss by spreading the risk among many members or companies....
No, but most can generally receive social security once they are out.
Yes, if you're referring to Social Security Disability (SSDI) or Supplemental Security Income (SSI) benefits, you can receive disability and unemployment compensation if you can meet the eligibility requirements of both programs. A few states, such as Illinois, Louisiana, South Dakota (until fund...
This will have a LOT to do with the definition of total disability your policy provides you. If you purchased a True Own Occupation Disability policy, then Yes you can work as a practice owner and still receive 100% of your Disability benefits. The primary requirement is that you continue to be...
If you are referring to State Disability, most likely not... MostCalifornia School District Employees do not pay into SDI, they payinto STRS, or PERS. These systems have built in disability benefitsfor permanent and long term disabilities (over 1 year) only if youare vested (5 years of service)....
I was approved in January and got it in April. But different people get it at different times. You can get it fast or you may get it in a couple of months.
There is no simple answer to this because pricing for Disability insurance is dependent on so many different things: Gender, age, Occupation risk, Health, benefit type, etc. To provide an accurate pricing, it is safe to estimate between 1-5% of your annual income.
Answer . \nThere are Fireman Benevolent Associations in most communitites. It is a nonprofit organization that gives financial aid to firemen and/or their families who are injured or temporarily/permanently disabled. The org. also provides death benefits for surviving spouses and/or children.
No, that would be illegal. Under the law, particularly Americans with Disabilities Act of 1990 (ADA), adverse employment actions such as firing or refusing to hire an employee on the basis of his medical condition or disability (ex. taking leaves because of health) are considered as discriminatory...
The simple answer is Yes. A person can certainly qualify to receive Long Term Disability benefits because of having cancer. However, it is not the fact that he/she has cancer that qualifies him/her for benefits. In order to qualify for Long Term Disability benefits, a person must satisfy the...
When you are in receipt of disability living allowance or DLA as it is also known you will also be on another state benefit such as income support or invalidity benefit and when you receive the money from the life insurance upon which you are waiting you will need to contact your local benefit...
yes you do have to file state disability in order to get short term disability.
Most Individual Disability policies have waiver of premium once you qualify for disability benefits built into the policies. If the premiums for the policy were not deducted as a business expense then the income from the disability policy should be received tax free. If you have a group disability...
That depends upon whether you are covered under FMLA, and the percentage of premium paid by your employer. If you are covered under FMLA, then your employer is required to continue coverage on the same basis as before your leave. For example if your employer was paying half the premium and you were...
Generally speaking, no, you cannot receive unemployment benefits after you apply for social security disability. This is because you have to be looking for work and just can't find any to draw unemployment. An SSDI claim means that you are unable to do any work. If you are unable to do any work, you...
The cost of Disability insurance dependent on too many factors to provide a cost amount. If you are looking to find out how much Disability insurance will cost for your specific circumstances, go to a Disability insurance website and request a quote. The simplest but accurate response is an...
In the Related Link below, under "Non Separation Eligibility Issues, item #2. you have to be able to work, and not be prevented, due to sickness or injury, from performing the job you were qualified for, until such time as you are able and report back to them. In this case you could not collect both...
Disability insurance by definition is a policy that replaces a portion of your income should you become unable to work due to illness or injury. The two are the same.
This would depend on the type of Injury payout the above question is about you could have some taxable amount and some nontaxable amounts involved in the payout amount. The items below would be added to all of your gross worldwide income and taxed as ordinary income at your marginal tax rate...
Yes, a widow or widower can draw reduced survivors' benefits at age 60, even if the spouse's source of income was SSDI. In order to receive the full amount, you would have to wait until normal retirement age (65 for people born before 1943; 66 for people born between 1943 and 1954) to file.