Disability Insurance

Question 1

Can you be fired if you are on disability due to a medical condition like cancer by your employer?

Question 2 Can your employer fire you while on a medical disability over 6 months

It is unclear what you are asking, but I will do my best.

If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, though that that may leave you short for other needs, but it is business decision for you to make.

The payer of the disability benefits has no obligation to buy a car for you under ordinary circumstances. It would be the very odd situation that would require a disability payer to do so. Nonetheless, a private insurer may consider doing so as a means of facilitating your return to work and thereby no longer qualifying for disability. In the long run, it may be cheaper for it to go "out of policy" and do this, than paying benefits for a very long time.

The contract controls what you can collect under a private policy; statutes control what you can collect under public sources of disability, such as Social Security Disability.

The primary factors impacting your premium are: the elimination period, benefit period, and benefit amount. You can lower your premium cost by choosing a less costly configuration on one, two, or all three of these features.

Many insurers wish to settle long term disability claims. This is especially true when the validity of the claim is clear, the likelihood of the insured returning to work is low, and the insured is fairly young. If those factors are met, the insurer could be on the hook for monthly payments pursuant to the disability policy for a long time.

The insurer may be inclined to offer a lump sum in order to satisfy all claims to future benefits. Briefly, the insurer calculates what it would end up paying in total were it to pay over the life of the policy, and then reduce that amount to "present value". Present value is a mathematical factor which essentially means that "$X" over a long term is worth something less than that if paid all at once now.

The insured is then free to invest what is paid, presumably in an investment that pays at least as much as would be paid periodically by the insurer. The insurer is then able to close its file.

Long-term aftercare for patients with testicular cancer includes frequent checkups in addition to radiation treatment or chemotherapy. Patients with prostate cancer may be given various hormonal therapies or radiation treatment.

no

No one can stop you from going on vacation while on disability but it may cause suspicion or even lead to an investigation in your case. The question your adjuster may ask is "If you are so disabled that you are unable to work, why are you able to take a vacation?" Basically it depends on your disability. If for example, you have a limitation on mobility and you go on vacation, it may draw suspicion. If you tell the adjuster, "I work because I can't walk" and then go Disney World...red flag. If you have a limitation on something like a hand or arm, maybe not so much unless you go on vacation to a place in which physical activity is performed and the use of that hand or arm.

Depending on your state, age, health, married or not - a good agent can find several options for you.

Features that you can add to a good Long-Term Care plan are: Cost of Living (Inflation rider), waiting period of 90 days or shorter, Waiver of elimination period - if affordable.

Aflac payments are generally considered to be tax-free if you paid the premiums with after-tax dollars. However, if your employer pays the premiums or if you receive the payments as part of a salary continuation plan, they may be taxable. It's always a good idea to consult a tax professional for personalized advice based on your specific situation.

There is no national database for insureds, you would need to do some legwork to find out if a policy was in force and call quite a few insurance companies.

Not specifically for a long term disability, but you can collect if you have a terminal illness.

Can you file on the taxes that are taken out of long term disability check

Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. Insurers want you returning to work as soon as possible, and shorter disabilities keep premiums affordable.

Insurance companies ask if you have other coverage in order to make sure that you won't be making more money while hurt than when at work.

Force you? They may not be able to force you but you should get your policy out and see if your benefits depend on following your recommendations. This is a better question for a lawyer to answer.

STD in non medical terms can be Short Term Disability; therefore it looks like you are covered with STD and possibly LTD as well. Check with your HR department.

Disability insurance protects a person's ability to work and earn an income. If a person is already retired, than they are no longer working or earning an income, which leaves no income to insure.

In retirement there is a type of coverage called Long-Term Care insurance, which should be considered instead. This type of coverage is very similar to disability insurance, only rather than protecting one's ability to work and earn an income, it protects a person's assets and savings. It shifts the risk of having to pay for long-term care from the individual to the insurance company.

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

Because the long term disability benefits are probably better than the unemployment ones and because you can't collect both and you can claim unemployment only for a base period of 15 months, you may not have a better choice, but it's being made for you.

Answer

I think you should check in with the EEOC, since your rights as an employee may be an issue. In any case, unemployment can take several weeks to work through the process, so applying a month before the end of long term disability would make sense. How much you will receive will be dependent on the number of quarters you worked...best check it out so you have all the good information.

An elimination period.

Sure. You can be sued on no income at all.