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Disability Insurance

Disability Insurance

There are different types of disability insurance. There is long-term and short-term. There is also disability that you get from a job and that which you get from the government. In any case, disability insurance provides funds when you are unable to work due to a disability.

Disability coverage offered by an employer provides regular income when you are disabled and cannot work for a period of time.

• The employee may choose short-term or long-term disability. Premiums are withdrawn from your regular paycheck.

• Long-term disability applies when an illness is expected to last 12 months or more. Short-term disability applies if the worker cannot work for six to 12 months. Workers in California, Hawaii, New York, Rhode Island, and New Jersey can access short-term insurance at no cost. The insured receives about two-thirds of the weekly paycheck, but not the entire sum.

Disability coverage is for any working person. It is a good incentive to offer this type of coverage. Employees will feel secure knowing they have options should they become disabled.

In order to access the benefits, the insured asks a doctor to certify the short or long-term condition. If the person has both short and long-term policies, then it’s probably best to use the short-term coverage first. Most insurers pay weekly, and the benefits are taxed like regular income.

The government also offers disability coverage. You usually have to apply for this type of coverage through the Social Security office. This coverage is for long-term disability for serious illness expected to last 12 months or more. Keep in mind it’s not easy to get benefits from Social Security. And applying for Social Security disability does not guarantee that benefits will be granted or that payments will begin in a timely manner.


The benefit of disability insurance is it helps you when you’re unable to work. You can use the money to pay for medical bills or household expenses.