Policy(Short term)
This type of disability insurance provides income replacement for a short duration, usually 3 to 6 months
What are illnesses and injuries
Short term disability usually covers disabilities caused by these types of conditions
What is 6 months?
Long term disability insurance provides coverage when a disability lasts beyond this period.
What is their job (or any job depending on the policy)?
Long term disability policies typically cover conditions that prevent individuals from performing this.
What is 0 to 14 days
The waiting period before benefits begin for short term disability insurance is typically this long.
A common exclusion in short term disability insurance is injuries resulting from these activities
What is 90 days to 6 months?
Unlike short term disability, long term disability policies often have this lengthier waiting period before benefits begin
What is 1 year?
After short term disability benefits end, long term disability coverage kicks in if the disability is expected to last at least this long
What is 50-70%
Short term disability insurance typically covers this percentage of your income
What is social security disability insurance (SSDI)?
This program does NOT provide short term disability
what is 50-60%
Long term disability insurance covers this percentage of a workers pre disability income
What Happens if they become abled.
Disability policies end benefits after the recipient has gained the ability to perform their job.
Is pregnancy and recovery from childbirth counted?
Yes
What is 3-6 Months
Short term disability coverage typically lasts this long before benefits run out
What is insurability?
Many long term disability policies require a medical exam or proof of this before approval
How is SSDI related to this?
Some long term disability policies require beneficiaries to apply for this government program after a certain period.
What is a private insurance policy
Some employers provide short term disability coverage, but employees may also obtain it through this option.
What is state mandated disability insurance
In some states, this type of short term disability coverage is required by law.
What is retirement age?(65-67)
Long term disability benefits usually end when a person Reaches this milestone.
What is group disability insurance?
A type of disability insurance offered by employers to employees.