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Disability insurance was designed to provide a monthly income or to replace your paycheck in case you can't work due to an illness or accident. Unlike Major Medical health insurance which pays part of the doctors visits fees, medications, treatments cost, the disability insurance benefit can be used for anything you need, like a gap for medical deductibles or co-payments, or utilities, groceries, mortgage payments, or any other expenses including alternative treatments, vacation, etc. There is no limitation on how you should spend your disability insurance benefits.

Some disability insurance policies have additional benefits paid specifically for home adjustments (for example, to make your home wheelchair accessible) - this additional benefits can only be spent for that purpose.

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โˆ™ 2012-04-11 13:07:17
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Q: Can disability insurance be taken for medical bills in Colorado?
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Related questions

What are the benefits of disability insurance?

Disability insurance covers you in case you are not able to work due to a disability. This may pay for your bills, medical expenses, and other costs of living.

Purchase Disability Insurance?

form_title=Purchase Disability Insurance form_header=If you're suffering from a disability, insurance can help pay for bills and other needs. Have you received disability insurance in the past?= () Yes () No Does your employer offer disability insurance?= () Yes () No How quickly, and for how long, do you need disability insurance?=_

Is the spouse responsible for medical bills after death of a spouse in Colorado?

s the spouse responsible for medical bills after death of a spouse in Colorado?

What is the function of disability insurance?

Disability Insurance pays when you get injured working. It's used to pay bills like the electric, and the mortgage.

Do car insurance give you the money to medical bills?

If you have medical payments in your insurance. Liability only does not pay medical benefits. And the medical bills have to be the result of an auto accident.

Does insurance pay medical bills whenyou have breast caancer?

yes they pay for your medical bills

Does liability insurance cover your medical bills?


Understand Disability Insurance Income?

Many people depend on disability insurance income for paying off medical bills and receiving funds for basic necessities in life. If you are receiving income from a disability insurance company, be sure not to subject this income to taxes. Unfortunately, so many people think they have to pay taxes on the income they receive from a disability insurance company. This is simply not true. You are not required to pay taxes on any of the income you receive from a disability insurance company. Be wary of companies that inform you paying taxes on disability insurance is essential because it is not necessary.

What are the benefits of individual disability insurance?

there are various benefits for disability insurance like aflak that will pay your bills if you need them too. other insuances will provide you with money or reparations.

Is disability insurance a good idea if you're in your twenties?

Any insurance is good because of the "what if's". A good disability insurance is Aaflac. It will help pay bills in the event of an accident or disability so that you don't end up with financial problems.

What is the statute of limitations on medical bills in Colorado?

The statute of limitations on past due medical bills in the state of Colorado is currently three years. This also goes for auto loans and consumer debt.

Do you have to reimburse private insurance company for medical bills?

May request you to reimburse those bills

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