How Does Work Disability Insurance Work?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaDisability insurance pays (generally tax free) benefits in monthly income if you're unable to work because of prolonged sickness or recovery from an injury after the elimination or waiting period has been satisfied. Disability can be purchased as short or long term coverage and is like paycheck protection to maintain your lifestyle.Answered on September 10, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Work Disability Insurance is provided at group rates by an employer, or is paid for by the employer for employees. You need to be well acquainted with the summary page that outlines your plan's the benefits, requirements, and procedures. If you need to make a claim, ERISA sets guidelines on the timefrrame in which you must be informed of a decision. If your claim is approved, you will receive the disability income as described in your policy's summary page.Answered on September 12, 2013flag this answer
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