What are the reasons to get both Short-term and long-term disability income insurance?
827542
ok, normally long term insurance has a elimnation period of 6 to 12 months before you get any payments.\n\nthe short term normally cover that first 6 months to a year.\n\nYou will need both to be fully covered.\n\nLets say you are in a car weck and can't work for 9 months,\nyou get no pay check, you can't pay your health insurance premuim  you lose your car and your house and so on.\n\nLets say you are in that same car wreck and can never work again, how will you live, pay your bills and so on.\n\nBut some people have enough money saved to pay all thier bills for that first year or first 6 months,  and can take the risk of not having short term,\n\nOthers can't afford the long term which costs alot more, so they buy the short term, to at least cover the more temp issues,
878586
SSI and Social Security Disability (SSD) are two different things.  SSI is different from State to State.  Some states automatically give you Medicaid when you apply for SSI, some states don't.  Who turned you down for medical insurance?  Why did they turn you down? Did you apply for Medicaid or your states version of medicaid? \n\nIf you have SSD, you will get medicare after you have been on SSD for 24 months.  The 24 months starts from the month of your application, not from the date they approved you on.  Medicare part D does pay for prescription medicines, but you can't get Medicare part D unless you have Medicare.  You can't get Medicare unless you have been on SSD for 24 months OR you are 65.\n\nIt sounds like you need to find out why they turned you down for medical coverage, and then address those issues.  The Medicaid office in my state will deny people for the most trivial of reasons.  If you are on SSI you have prooven that you have a VERY limited income and resources, so you obviously can't afford to buy a plan and you can't afford to pay the medical bills. Get more detail on your denial and fight it.  Call a lawyer if you need to, many areas have low cost or no cost lawyers to help people with this kind of thing.
593124
Well, it makes sense for some I presume tax reasons or school reasons. In a purely mathematical way you are 16 for the whole year, but remember, you are 16.0, 16.1. 16.2 etc... but when you get to 16.7, 16.8 you are closer to 17. So the regulations go with an -arbitrary- date of 31st august to make sure you don't get double benefits in 2 calendar years.
393360
First of all you can't just pick a price. There are alot of types of life and disability insurance. For instance life insurance is a whole different thing from disability insurance. There are many kinds of life insurance plans such as; cash value ins., whole life ins., universal life ins., variable life ins.My best suggestion is to find a local life agent with the knowledge to help you understand what all the difference are. Everything is pretty simple to understand you just have to specify your needs. Everyone has different plans for the future so find a local agent. Right now I would for a Farmers Agent in  and not just because I work there Farmers offers alot of great plans for people like you. And every Farmers agent has been trained with the lastest information on needs like yours.
1945
Current liabilities are things in the immediate that are either harmful or can immediately create harm. Long term disabilities need to be separated to determine if certain care is required, the long term costs involved, and to determine the opportunities or lack there of in the future.
42633
Yes. If people get sick or hurt they need something to fall back on. Plus it helps the employer too. People with health insurance can get back on their feet faster and, if the stay home briefly, don't get others sick. On top of which you probably can deduct this expense from the company's taxes.
417260
Sure, why not?  If you cannot perform work, then you certainly need it.  Some people abuse ssi, it seems you actually need it.
258100
The first link is to the Americans with Disabilities Act website.  The second is to Medicare.\n\nI am assuming you qualify for medicare - but with the new laws - I'd let ADA or the medicare site - or AARP, with a strong advocacy involvement - third link - these sites will have the most up-to-date info.
328928
It always depends on what kind of policy you have. You really do get what you pay for. You should always read your policy in it's entirety. If the insurance is paid by the employer and you don't have a choice, you can always purchase additional insurance. If this person is low income, she can apply for medical assistance through the state and they will pay any bills 3 months prior to the application. She may want to give that a try. You would be surprised at who they qualify for medical assistance.
898001
I am on a disability pension. Not much to do. I get great satisfaction in using my knowledge, accumalated over the years. What took years for me to learn, could help save others valuable time, as a paragraph or two could possibly solve their problem.\nIt nice to help others.
365013
Simply stated, it is very rare that there is a benefit from filing separately. More than likely the two have you should have filed jointly a long time ago. There are no implications except that you will likely save money.
335662
Disability insurance is great, and I highly recommend it. Think about it, if you are young you are much more likely to become disabled rather than to die. Disability is an excellent product. Aflac is good, just make sure you really read the policy that you choose from them, some are much better than others. Good Luck!
799723
Do you get SSDI or SSI?  Since you state that you worked all your life, I'm assuming you get SSDI.  Both are for disabilities, but SSDI is based on your income when you were working.  SSI is a type of welfare since it is for those who are disabled who did not work long enough to earn enough credits to qualify for SSDI.\n\nIf you are on SSDI, if you die, you daughter will be eligible for a monthly benefit check until the month when she turns 18 years old, even if she has not graduated from HS yet.  Your wife may be eligible for a check if she is caring for your daughter and does not have an income that exceeds a certain amount, which I believe is less than $1000 a month.  If your wife gets remarried, I believe her benefit check would stop, although the check for your daughter would continue as long as she is not adopted by a stepfather.\n\nYour daughter should be getting a monthly benefit check already since you are disabled and receiving SSDI.  If you are not receiving benefits for her, go to your local Social Security Office with her birth certificate and her Social Security Number, and apply for benefits for her.
240327
SS, Social Security for long term, and  SSI, Social Security Insurance for short term.\n\nYou have to be off a year with doctors approval, and documentaion. It will take over two years to get anything, but most people are turned down the first three times, and it will take a lawyer to get it, if any.
504022
Depends..\n\nAre you working for yourself, in your own practice?  Is so, you'll be buying your own insurance, vacation will be time you don't get paid, etc....\n\nAre you working in a corporate office?  Then your benefits are part of your package from the corporation, usually consisting of Insurance, Vacation, and other perks.
168195
Your premiums are deducted from your pay on a post-tax basis. This is done so that if you ever make an LTD claim, the benefit will not be taxable. Benefits experts agree that funding the plan with post-tax employee premiums is most advantageous to participants.  Please note that in the past, part of the cost was paid by the participant and part was paid by the employee.  Therfore, in certain cases the LTD benefit is partially taxable for participants already collecting LTD benefits.\n\nEmployees on LTD will be provided with tax reporting forms directly from UNUM.  These forms will indicate the taxable and non-taxable portion of the LTD benefit.
993877
That's why you need Disability Insurance......\nI am not sure but there are certain banks who would like to refi. Since the score has dropped, it will be higher rate, I would recommend you to consider Home equity instead and don't touch the 1st mortgage if its under 6.5%.\nDo any of you have any life insurance or retirement account? may b you can borrow money out of it. (if borrowing against life insurance, make sure to keep the coverage continue)\n\n\nTry www.bankrate.com