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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.

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14y ago
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11y ago

How can u determine how much disability you will get

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Q: What percentage does temporary disability pay?
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