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Disability Insurance

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

500 Questions

Disability ins. benefits pay due to a covered accidental injury. What are the covered accidents?

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Asked by Wiki User

True Disability insurance does not just pay for a covered accidental injury - it pays for any injury or illness that prevents you from being able to work and earn an income. Therefore there is not a list of specific covered injuries.

An important provision to understand with respect to disability insurance is the definition of total disability. It is the definition of disability that will describe the circumstances in which a claim may be payable

If an individual plans to work to age 70 is it worth keeping disability insurance after age 62 if it only pays to age 65 or not less than 5 years?

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Asked by Wiki User

It depends on the specific terms and cost of the disability insurance policy. If the premiums are reasonable and the coverage provides significant financial protection in case of disability, it may be worth maintaining the policy until age 65. However, if the premiums are high or the coverage is limited, it may be more cost-effective to cancel the policy and explore other options for protecting against disability risks.

Can you collect short term disability while on workmans comp in Oregon?

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Asked by Wiki User

Because the 2 programs are identical in purpose (paying you because you are unable to work due to health reasons) you could collect on only one.

After disability runs out can you collect unemployment?

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Asked by Wiki User

If your benefits themselves, and not the benefit period, runs out, you generally have to earn a multiple of the weekly benefits you've been receiving, at a new job before you qualify again. As each state may be different, check with your own state's employment security office for details.

How long do you have to work before getting short term disability?

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Asked by Wiki User

You can apply immediately after leaving the workforce, but your disability must be expected to last at least 12 months, or result in death, in order for you to be eligible to receive Social Security Disability benefits.

What qualifies as a disability to be able to get disability income?

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Asked by Wiki User

Here is input and advice from FAQ Farmers: * No, but in most cases you can only buy up to 60% of your current income and you must be emplyed FT. 4lifeguild * Generally 20 to 25K. It's not a law. Check with your agent. State Disability and Social Security is mandatory. * Yes. The monthly benefit of personal disability insurance is determined by your income.

How much money can you earn while receiving Disability insurance?

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Asked by Wiki User

The amount of income you could receive in addition to Social Security benefits will depend on the type of benefit your Disability insurance coverage provides. Some benefits will offset with all Social Security benefits you qualify for, which essentially means the additional income you receive will be equal to the difference of your monthly benefit and your Social Security benefits.
$5,000 Disability insurance benefit (off-settable)
$1,000 Social Security benefit
You will receive a net $4,000 of additional income and a total of $5,000.


There is also a benefit called "base" benefit, which does not offset with Social Security benefits. In this scenario the additional income you will receive is equal to your entire Disability insurance benefit.
$5,000 Disability insurance benefit (not off-settable)
$1,000 Social Security benefit
You will receive a net $5,000 of additional income and a total of $6,000.

Can you be fired for going on disability in NJ?

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Asked by Wiki User

There are two law that provide job security during your leave for disability: the FMLA provides twelve weeks of unpaid leave for your disability. NJ has a separate law, but it provides leave for you to care for a sick family member - not your own disability. Your employer does not have to hold your job open if FMLA does not apply, or if your leave extends beyond 12 weeks.

Can you work and still receive short term disability?

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Asked by Wiki User

== == DI is meant to support you financially when you can't work. Insurance companies do not wish to pay you the benefit if you can still do your job. So the answer is no. There may be some loopholes with very good coverage such as an Own Occ policy where if you were a Dr and could not do your job, you would collect DI but maybe still be able to flip burgers at the same time. Also, there are some benefits that allow you to work PT and still collect part of your DI.

How do you extend CA state short term disability?

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Asked by Wiki User

Are you currently disabled?

If so, check with your employer and / or state's social security disability benefits.

If not currently disabled, you can get individual long-term disability protection from a handful of disability insurance companies, or through your employer.

Can you collect workers comp and short term disability?

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Asked by Wiki User

NO you can not lose your pay. If you are back to work light duty and need to see the work comp doctor or therapy then you receive your pay and work comp * If you are out of work due to an injury you WILL NOT RECEIVE YOUR REGULAR PAYCHECK from your employer. In a nut shell; you go to work, your employer pays you. If you cannot go to work due to a workmens comp claim you will have to file for comp from the State or the insurer. In the State of Nevada you only receive about 45 cents on the dollar compaired to what you would receive had you worked for your employer. * WCI benefits are paid to a worker when the person cannot perform the duties attributed to his or her job. The employee CANNOT receive regular pay and WCI benefits at the same time.

Does there have to be a certain amount of employees to have disability insurance?

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Asked by Wiki User

In the US, California, Hawaii, New Jersey, New York, and Rhode Island impose mandatory state disability insurance programs for employees. The purpose of the programs is to provide some protection against wage loss caused by short-term non-work-related disabilities. The insurance premium is submitted to the insurer by the employer but paid either jointly by the employer and the employee, or entirely by the employer, depending on the employer's good will. There are some limits to what the employee may be required to contribute by the employer. This insurance is in addition to two well-known government disability programs: Worker's Compensation and Social Security. Employees' contributions are federal tax-deductible.

Simple answer: No. Group Disability Insurance is not like Group Health Insurance -- and all the ERISA regulations that control how this employee benefit works. With Group Disability Insurance, an employer can "carve out" a select group of employees -- meaning the employer can create a "plan for just one employee (himself!)".

An employer can also offer a contributory insurance plan, in which case the employee will contribute a certain percentage of premium. Or the employer can choose to offer a voluntary plan, where the employees enroll on their own accord and pay full premium.

What is the function of disability?

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Asked by Wiki User

A functional disability limits a person's ability to perform physical activities, have a significant sensory impairment or mental illness, need long-term care, use assistive devices or technology and have developmental delays.

Does Georgia cover short term disability for pregnancy?

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Asked by Wiki User

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.

What percentage does temporary disability pay?

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Asked by Wiki User

Disability insurance typically covers up to 2/3 of your gross income, up to certain monthly limits. The amount of take-home pay you will receive depends on several factors:

If your income is very high, you may hit the monthly benefit limit, and thus receive a benefit that is less than 2/3 of your gross.

If you pay for your policy at work with either pre-tax dollars, or if your employer contributes to the cost of your premium, your benefit will be taxed.

If you pay for the policy entirely by yourself, and you pay using after tax dollars you will receive your benefit tax free. A policy replacing 2/3 of your gross income, could actually replace close to all of your former take home pay.

Does your spouse have to be your beneficiary for long term disability?

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Asked by Wiki User

Since IRA accounts are not governed by ERISA law as are 401(k) plans and other qualified retirement plans (such as 403(b) and others), the spouse is not required to be the default beneficiary. For those plans governed by ERISA, a spouse must either be the beneficiary of the plan or must have authorized any other beneficiary designation.

IRAs (both traditional and Roth IRAs) do not have this restriction: you can name anyone you wish as the beneficiary of your IRA account.

How long is long term disability coverage?

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Asked by Wiki User

Are you asking about SSDI or a privately held Disability Insurance plan? SSDI will pay for life. If you are talking about DI insurance, it will pay as long as the policy allows. Benefit periods range from 6 mos to age 65 in most cases. You would need to reveiw the policy to see what your plan allowed. Also check the definition of occupation, if it is "any" occ, you may not be collecting as long as you wish. 4lifeguild

How do you sue insurance company for full benefit of disability?

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Asked by Wiki User

If you qualify for a DI payment under the terms of the contract, you should not have to sue. You just should have to simply file a claim with the claims department. Unfortunately not all valid claims are approved. If you obtained your disability insurance on your own, i.e. if it is an individual policy, then if all else fails to may sue the insurance company in state court, based on the laws of the state where you live. You should consult with a lwyer in your state about that since state laws do vary.

If you obtained your disability insurance through your employment, your claim is not subject to state law, but to federal law, under the Employee Retirement Income Security Act (ERISA). There are limited exceptions to this, such as if your employer is a church of a governmental entiry, but generally any employment-based coverage is governed by ERISA. Unfortunately ERISA is a very unfair law when it comes to enforcing insurance contracts, and you will find the deck is stacked against you in court (for further information see http:/problemiserisa.blogspot.com). You should still consult with an attorney, but you should make sure the attorney is well-versed in ERISA law, because it is highly complex and arcane and an inexperienced practitioner would have a difficult time getting up to speed.

If you collect private disability and then SSDI gives you back benefits do you owe money to your private insurance company?

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Asked by Wiki User

This will depend on the type of private benefits your policy provides you. If 100% of your monthly benefit is considered "base" benefit, than you will NOT have to repay any benefits. However if part of your benefits are "social insurance" or "social security offset" benefits, than this portion of benefits will offset dollar-for-dollar with any social security benefits received. In this circumstance you would be required to repay the amount of benefit you received from social security, up to the full amount of social offset benefit your policy provides.

Can you get disability due to being colorblind?

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Asked by Ljthomason

Probably not, unless you can show that your condition prevents you from performing your job duties, and your policy disability definition is an "own occupation" definition. Chances are that your color blindness allows you to work in many different occupations.

Is there state administered Short term disability insurance in the state of Ohio?

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Asked by Wiki User

Ohio does not have a state mandated short term disability program. The amount you can claim will depend on your individual policy details. Your policy should provide this information.