Does Disability Insurance Pay Medical Bills?
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63333 POINTSview profilePeggy MaceMost of the U.S.Disability Insurance pays medical bills only if you want it to pay medical bills. Disability Insurance pays you cash if you become disabled. This cash is a % of your normal salary. You are able to use that income to pay any bills or use any way that you desire.Answered on June 20, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDisability Insurance pays you. It’s paycheck protection. You in turn use it for your regular monthly bills whether as an individual or business owner. If you didn’t deduct the disability premium than the benefits pay tax free, if you did deduct the premium the benefits are taxable.Answered on June 20, 2013+01+1 this answer
0flag this answerview more answers by David Racich- 40 POINTSview profileJoan HolzerInsurance Advisor, DiPaola Financial Group, Long Island, New YorkDisability income insurance acts as a replacement for your income if you are injured or disabled and are unable to work. The money comes directly to you. It is your choice to make, to determine how the money is spent. You decide where the money goes, and for what it gets used.Answered on June 21, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNDisability insurance can just as easily be called income replacement insurance. While disability insurance is not directly designated to pay for medical bills, it may be used to pay medical bills. As the primary insured, you decide how to use the benefits or money. It can be used for living expenses, medical bills or devices to help during your disability, your choice.Answered on September 23, 2014flag this answer
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