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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
905 Questions
Why don't insurance companies sell income insurance?
There are a number of reasons, but the most obvious is moral hazard. If you were guaranteed a certain level of income by an insurer, what incentive would you have to stay at your job?
If you file a mental disability with IRS will that impact future insurance or job applications?
How do you file it with the IRS? Do you mean (maybe) SS? It certainly would be a prior or pre-exsisting condition, and also would have to claim or admit it on certain job applications, not all and few jobs would require this disclosure. But there are some.
Call and ask the claims dept of your STD plan.
In most cases, complication of pregnancy is a covered sickness. You will receive a benefit for the time you miss work, less your policy elimination period.
Which insurance companies will insure a massage therapist for disability insurance?
For those who are looking to save some money, it may be beneficial to research some ways to reduce the costs of car insurance premiums. There are a variety of ways to pay less money each month. The following are some ideas to consider implementing in order to reduce monthly spending:Liability Coverage on Older Vehicles For anyone who has older vehicles, carrying only liability insurance is one way to reduce premiums.
What is considered dismemberment in a death and dismemberment insurance policy?
Most important: READ YOUR POLICY!!!!!!!! Most policys prorate based on the severity of the dismemberment; i.e. If you policy is for 100,000 and you lost a finger, you may get 250.00 (or 2500.00 for a thumb), but you would only get the whole 100,000.00 for loss of either both arms, or both legs. The bad thing is, after the policy pays, it usually cancels. In other words, if you pay 20 dollars a month for 10 years and end up getting paid for the loss of a finger (250.00) the policy is now void. So again: READ YOUR POLICY!!!!!
What is full tort insurance and why would you need it?
Limited tort is Pennsylvania's version of the "verbal threshold". The Pennsylvania Motor Vehicle Financial Responsibility Act requires insurance companies to give the insured the option of selecting "Limited Tort" or "Full Tort," with the full tort option being only slightly more expensive than the limited tort option. If you select limited tort, you will not be able to sue for pain and suffering unless you sustain a serious or permanent injury, which has been defined by the Pennsylvania Courts as a "serious impairment of a bodily function." Although limited tort is touted by auto-insurance companies as a way for an insured to reduce auto-insurance premiums, the limited tort option severely reduces the insured's ability to receive compensation for injury while only marginally reducing the premium expense.
Are VA disability benefits included as income when it pertains to the awarding of alimony?
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The answer here is no, it is not lawful to include disability as income when considering alimony. And as in Florida, in upholding 38 USC 5301, not even if you voluntarily assign it over. This is, tax free disability compensation which has been waived from a veterans' retired pay.
Title 10 USC Sec. 1408; (4) the term "disposable retired pay" means the total monthly retired pay to which a member is entitled less amounts which-- (A) are owed by that member to the United States for previous overpayments of retired pay and for recoupments required by law resulting from entitlement to retired pay; (B) are deducted from the retired pay of such member as a result of forfeitures of retired pay ordered by a court-martial or as a result of a waiver of retired pay required by law in order to receive compensation under Title 5 or Title 38.
In Mansell v. Mansell the United States Supreme court addressed the extent to which state courts "may treat as property divisible upon divorce military retirement pay waived by the retiree in order to receive veterans' disability benefits." Mansell 490 U.S. at 583. In Abernethy, the Florida Supreme Court interpreted Mansell as prohibiting military personnel from assigning military disability benefits by settlement agreement and precluding state courts from enforcing such agreements. Abernethy, 699 So. 2d at 236. The Supreme court in Abernethy explained, "[T]he Court [in Mansell] held that the USFSPA [Uniformed Services Former Spouses' Protection Act] does not grant state courts the power to treat as divisible property military retirement pay which has been waived to receive veterans' disability benefits." Id. at 239.
Haiki
True VA, RRD and SSD are not subject to partitioning in the matter of spousal maintenance (alimony). Such benefits are subject to attachment when the issue is a matter of child support or federal and state taxes owed.
Last year a bill was passed called the VDPA (Veteran Disability Protection Act) which bars all courts across the U.S from taking disability/compensation as alimony.
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Such are the dreams of the everyday disabled veteran. "It is well established that disability benefits are a protected property interest and may not be discontinued without due process of law. See Atkins v. Parker, 472 U.S. 115, 128 (1985); Mathews v. Eldridge, 424 U.S. 319, 332 (1976)"
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38 USC 5301 Nonassignability and exempt status of benefits. "Payments of benefits due or to become due under any law administered by the Secretary shall not be assignable except to the extent specifically authorized by law,.. a beneficiary shall be exempt from taxation, shall be exempt from the claim of creditors, and shall not be liable to attachment, levy or seizure by or under any legal or equitable process whatever, either before or after receipt by the beneficiary.
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The question being, how is it, that state court judges can arbitrarily and capriciously award as alimony, with the mere wave of a hand, waive away a portion of a veteran's VA disability rated compensation? Moneys in the form of disability compensation, the disability rights of a veteran, whose disability rating that maybe determined and factored in as critical? Judgment as if all disabilities are exactly the same. A disabled veteran's plead to the judge, "I have a severe serious back injury, I need all of my VA disability compensation." The judge would reply, "Are you a doctor?"
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But yet, state court judges, are in reality playing doctor, without medical license or knowledge .. a practice forbidden, providing penalties by law , and border on medical negligence. All without any input, or approval from the Veterans Administration. Overstepping those whose authority it belongs, the dedicated VA medical professionals, in the practice of medicine, re-evaluation, and rehabilitation of the veteran. While at the same time violating federal law, 38 USC 5301, 42 USC 1408, and the 14th Amendment.
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Ninth Circuit Says Congress, Not Courts, Have Say Over VA Health Care.
VETERANS FOR COMMON SENSE v. SHINSEKI December 13, 2011
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Continually, State court judges disregard the law, as reduction in disability compensation cannot be "reduced unless an improvement in the veteran's disability is shown to have occurred." USC 1155 Authority for schedule for rating disabilities.
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How are judges allowed the discretion to award as alimony disability compensation based on 'statutory' awards? Which are not predicated directly on the average reduction in earning capacity, but primarily upon consideration of noneconomic factors such as personal inconvenience, social inadaptability, or the profound nature of the disability. The purpose of the statutory award for loss or loss of use of a creative organ is to account for psychological factors.
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"Clear and substantial" major damage to federal interests occurs when state court judges make lasting decisions, that seriously impact disabled veterans' rated compensation and complicate Veterans Administration goals, and responsibilities. Upsetting, and overruling VA medical compensation decisions, which involve many hours of work that VA medical professionals have invested in the medical care, control, follow-up, and rehabilitation of disabled veterans. All this happens with VA complicity, when a state court, arbitrarily is allowed to take away a veterans VA disability compensation in third party alimony awards in violation of….. 38 USC 5301. 42 USC § 407 - Assignment of benefits, carries similar language.
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Where is it written, the VA authority, when a state judge can arbitrarily overrule the VA, the VA medical doctors and other medical professionals' that determine a veterans' medical rating compensation? His future now without the compensation that was by law assured? Tax payer monies mandated by Congress purposely, as veterans service compensation for injuries received, life altering as they are, now being diverted purposely by state courts to healthy third parties in many cases, in a determined and engaging violation of the law. To allow what has been happening, was it the intent of Congress that state court judges substitute their judgment for the judgment of VA doctors and medical professionals? I don't think so!
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Perhaps, state legislators will or have proposed legislation such as Massachusetts, West Virginia, California, as well as other states, due to the changing realities of family life, either proposed or passed that 'permanent current alimony' obligations be eliminated in alimony reform legislation? Legislation having broad appeal, proposed, and as happened, passed into law without thought or consideration of the disabled veteran wanting, under similar circumstances.
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To this day, there is no eagerness of state legislators to extend this, or any proposal to eliminate veterans disability compensation awards from alimony, despite the law, or any reform measures. The laws protecting disability compensation are very clear. What is needed is reform in the court system, and legislative re-thinking, that for whatever reason, due process and property rights do not apply to disabled veterans? This is something disabled veterans', despite all efforts at law, over many years have tried to accomplish. Brushed aside for more important things.
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The law is clear as to a veteran's rights and a state court judge's improper judicial authority in denying protections that are guaranteed.
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However, any proposed legislation is discriminatory which completely ignores ALIMONY REFORM for disabled veterans. It is obvious, a pattern of unintentional discrimination is evident against disabled veterans.
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Disabled veteran's have had the exact same alimony issue as everybody else. However, correcting clearly improper and illegal court rulings imposed on disabled veteran's is the issue, as much as it is any reform proposal.
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I hope state legislators will honor them, with clarifying legislation supporting the property rights of the disabled veteran, setting an example for the rest of the nation.
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How do you fill out monthly disability forms for a torn miniscus?
If you are looking to collect DI coverage from a policy, the best bet is to call either your agent or the DI companies claims department and ask for help. 4lifeguild
If you have credit life on the loan, you should be able to supply the insurance company with a death certificate as well as with their claims form. Your purchasing dealership may help you. The insurance will not pay any late payments due prior to the death of the insured. In order to avoid problems, continue to make payments until they pay off the vehicle. The loan institution will refund all overpayments.
In the last 2 years, nearly 100% of the people that become disabled, are aware that they had DI in force and met the claims requirements, collected! Conversely, 100% of those that did not have DI in place did not collect! Interesting statistics. 4lifeguild
Does accidental death and disability insurance pay out on suicide?
== == It should, as long as your past the 2 year incontestiblity period. The best way to find out is to read the policy.
Probably. What does your policy say?
How long do you have to be off of antidepressants before being approved for disability insurance?
Maybe a year, BUT there is no black and white answer to this question. It would depend on the company, which medications, why you were on them, etc. Your health is the most important thing. Do NOT let an Insurance Company dictate what your MD should be telling you. What kind of disabilty Insurance? How much? Many policies are guaranteed issue. For more info see www.steveshorr.com/disability.htm
If you want to be on disability, why is being on an antidepressant a bad thing? My disability is depression; so, I'm on antidepressants. What state do you live in? Is this for SSDI, or a state disability insurance program. Are you talking about regular medical insurance? If you are, try not to let them know you were on antidepressants at all! HMOs love rejecting you for any reason.Sounds like it could. What is definition of a condition treated? Just because one is pregnant doesn't mean that you know you are. Is this policy provided under State Disability Insurance, a Group plan or individual? as maternity can't be excluded under a group policy - need to check if that includes disability or just medical. Most short term disability policies include an exclusion for normal birth within the first nine months of the policy effective date. So unless your baby is delivered really late, you will not qualify for a benefit.
Its sort of like wanting to buy Life Insurance after you die isn't it? I am sure you can get SDI but not to pay you when you take maternity leave. There are three parts to this question and answer:
1 - You can obtain short term disability coverage if you are already pregnant. It will cover you for accidents and illnesses only. Your future pregnancies will be covered if you continue the policy.
2 - Open enrollments are attached to programs you select on a pre-tax basis - per IRS Section 125 rules. You can pay for short term disability on a post tax basis, and enroll at any time. When you pay the premium using post tax dollars, your benefit is tax free.
3 - You should get short term disability at your place of employment. If your employer does not offer the option, its easy to ask for the benefit since you are paying the premium, not your employer. You do not qualify for benefits at your fiance's employer until you are married.
Does pot smoking affect disability insurance?
Yes. Just answer the question honestly, there's probably a separate form to fill out and then the Insurance Company will make a decision.
Will your existing disability insurance premium change if your new job is in a higher risk class?
This is a very good question and it depends on your current disability contract. If your existing disability contract is non-cancellable and guaranteed renewable then the answer is no. If a contract is guaranteed renewable then the company guarantees that coverage cannot be cancelled as long as premiums are paid, however the company can increase the rates. If a contract is non-cancellable in addition to guaranteed renewable then the company cannot change the policy provisions or increase the rates. In summary it if your existing policy is non-cancellable and guaranteed renewable then changing occupations will not change your premium or change your benefits.
How can you transfer your disability from British Columbia to Ontario?
I suggest calling the proper authority in Ontario to ask.
What is the cost of disability insurance for a massage therapist?
It completely depends on the Insurance company that you were to go through as all rates would vary depending on the insurance policy you choose. Some insurance companies will not insure massage theripist for carple tunnel, which is there exclusion, but some companies will, as the company that I was employed with.
Additional answer: just as an example - a recent client, Massage therapist, female age 35, non smoker, got a disability insurance plan that will pay $1000 per month if she can't work due to any illness or injury (including carpal tunnel). She pays $25 per month in premium.
Where can you get disability insurance quotes?
Many life and health insurance agents have markets for disability insurance, but it is a specialty area and you should determine the agent's expertise with disability policies.
It is also important to make sure that the agent with whom you work is licensed in the State in which he/she does business, and is "appointed" by the insurer for whom he/she is taking the application. An "appointment" means that the agent is authorized to represent the insurer in presenting the coverage to prospective insureds and to submit applications to the company. Certain legal liabilities and responsibilities arise from that relationship. For the most part, licensure and appointment can be determined through the State insurance regulator, and sometimes it is available online.
It is also vital that the insurer is itself "authorized" to transact business in your State, meaning that it is authorized to conduct insurance business there. Many consumer protections arise when an insurer is authorized in the State, including, that the insurer is subject to financial oversight. Many of those consumer protections do not apply when the insurer is not authorized. In fact, a big area of financial wrongdoing involves the operation of fake insurance companies that are established as frauds to take in premium dollars, but never have the intention of paying claims.
The agent does not him/herself "design" the policy. Instead, the insurer may have various essentially standard form policies that have been approved to sell by agents in the State. There are several options from which you may select, and those selections are made in your transaction with the agent. One common option is the duration of the "elimination period". This is the period of time that you must be disabled (according to the policy definition of disability) before benefits become payable. It can be analogized to the deductible that you select for the collision or comprehensive coverage on your car.
Because the length of the elimination period has a bearing upon how soon, and therefore, how much, the disability insurer has to pay for a covered claim, it also has a bearing upon the amount of the premium that you will be charged. For example, all other things being equal, a disability policy with a 30-day elimination period will be more costly than one with a 90-day elimination period. The agent does not set the premiums, but should be able to advise you, based upon your circumstances, which elimination period (or other options that affect premium) is most suitable.
Can private disability insurance drop you after you receive SSI?
No, as long as it's guaranteed non-cancellable and renewable. If you've qualified for SSI ssa.gov then you ought to be collecting under your DI policy too. Some policies will deduct the amount you receive from SSI when they make their benefit payment to you. It's calculated in the rates, so they are not cheating you. Many companies will also, at a charge pay you the SDI (State Disabilty edd.ca.gov and Social Security Benefit, if you are NOT receiving it - at an additional charge. When the companies issue - underwrite your policy they take into consideration that you may qualify for SSI and that's why then generally only insure up to 50% of income.
Can you receive disability insurance for bariatric surgery being out for 4 weeks?
What's the waiting period on your policy? SDI is 7 days What's the waiting period on your policy? SDI is 7 days For info in CA see http://www.edd.ca.gov/direp/diind.htm
Can you get mortgage insurance that includes life disability and unemployment?
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New answer 11/07/08 - if you are talking about private mortgage insurance, yes there are companies that offer PMI that have an option for disability and unemployment coverage.
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Add on answer 02/18/2011- You can purchase additional riders for the Mortgage Protection Insurance which is a form of Life Insurance with the premiums to be paid by the company if the owner is disabled or unemployed. Check with your agent first before jumping into any product and ask around.
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Yes, you can add unemplyment mortgage protection, as well as disability income benefits to your mortgage insurance policy. A good agent can compare different rates from multiple companies and help you through the process.
It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get that money is up to you.
