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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
Can employer paid disability plans be considered taxable?
Yes, employer paid disability insurance plans are normally paid with pre-tax money, therefore the benefits will be taxed.
How many weeks is short term disability?
You can choose a short-term disability plan with 12 weeks, 24, 52 weeks of benefit.
A good disability insurance broker should be able to show different options.
o days! Not all employers offer that through.
Can you collect short term disability from two different employers at the same time?
Yes. For more information you might want to check out the links on the right. If you injury was work related in the first place, I'm not sure why didn't file a worker's compensation claim. If you do file a worker's comp claim, the disability insurance company will likely want to collect much of the money you receive because typically worker's comp is an offset or an exclusion from disability plans.
Is an insurance settlement considered earned income?
no
only if you are actually gaining. for example, if you settled for $4000 because someone decided to do something dumb, and that is how much that cost to repair, then it will not count because that is what is was worth before it was damaged. however, if you made like $8k, then the extra $4k would be taxable, because it is profit.
Can you collect disability if you are have schizophrenia?
Yes, if your disability insurance policy covers mental/nervous illnesses.Most disability insurance policies have a 2 years benefit period limitation on mental/nervous disabilities.
Ask your agent if your policy covers these illnesses, and for how long.
What do you do if you don't have short term disability insurance?
Basically you are screwed. I know, because I am currently in that same situation.
At some time you had the opportunity to choose your benefits and you signed the application for the disability insurance. If you want the insurance you will have to pay for it. If not go to your personnel office and cancel it. You may have to wait until the renewal date if the company only lets you change benefits at certain times. The good part of you paying for the premiums of long term disability is that the benefits are not taxable if you ever get disabled. If the employer pays for the premiums or if it is paid for with before tax funds then the benefits are subject to income taxes.
Can someone receiving disability benefits get kicked off of medicaid insurance?
No. However, disability income may exceed the standard in the person's State. In such a case, the person will have a spend-down to meet before qualifying for Medicaid.
Does the state tax your long term disability payouts?
well for one thing i have no freaking idea and yeah its not my problem noob.
Does Arizona have state disability insurance?
No Arizona does not have state mandated short term disability insurance. Only five states have this coverage. Arizona is one of 35 states without mandated coverage.
Is buy sell agreement disability income insurance premiums tax deductible?
No. Also, it is probably not a good idea to try and deduct the premiums for diability or life insurance because if you deduct the premiums or if the employer pays the premiums then any benefits are then taxable. You certainly would not want to have to pay income tax on a large life insurance benefit just because you wanted to deduct a few hundred dollars of insurance premiums.
Believe this will come down to state by state but in my state no but after more then 180 consecutive days yes after 365 consecutive days they can terminate your employment. Best to call state unemployment office or seek advice from a lawyer. They can tell you if it's a state or federal issue and easy enough to google for either. Many people been where you have in your state trust me.
Does Geico provide disability insurance rates?
You can check out there site at Geico and talk to there representative. It is a car insurance so I do not think they do provide that. Check just to make sure.
Is it hard to get disability insurance if your disability isn't serious?
This depends on what you mean by not "serious". A disability is a disability. Check the disability laws for the state you reside in to find out what the requirements are in order for one to collect disability insurance. If your disability prevents you from working or performing normally, then it is still serious.
How much does it cost to get disability insurance?
The exact cost for disability insurance will depend on a lot of factors, including the amount of coverage desired, the age and health of the individual, and the area of the country where you live.
Under most disability plans if you were on disability prior to termination the benefit continue. Most companies will not terminate you if they believe the disability is short term because they expose themselves to potential liability for wrongfull termination.
