Short Term Disability Insurance And Your Needs

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While you have many choices for your disability insurance coverage, you will want to look at short term disability insurance in order to get the most out of your plan. And with short term disability insurance, you may be paying significantly less because most of the time this comes within an employee benefits package. So if you have been looking at social security disability insurance and other forms of disability insurance, you will want to take another look at short term disability insurance.

Why You Should Get It

Short term disability insurance is usually the best choice for people because anyone the works full time for a company will often be provided a choice for short term disability insurance in their employee benefits package. So what does a short term plan provide you with, should you get into an accident?

The short term disability insurance will cover costs for you during the early period of your disability. In general, you can get coverage for a disability from two weeks up to two years after your accident. The elimination period (or waiting period) for short term disability insurance is much shorter than other plans. It could be at little as 0 to 14 days, depending on the insurance company and the severity of the disability.

Short term disability insurance will cover you for awhile during the time that you are out of work due to your disability, but it is not a solution to all of your problems. If your disability prevents you from working ever again, or just longer than the benefits from your coverage provides, you will want to look into other forms of disability insurance in order to keep yourself covered with covering your monthly expenses and other monetary needs.

Who Should Get It

Depending on the type of job or hobbies that you have, you may need to get extra coverage for disability. If you work at a job where you risk your life day in and day out, there is a significantly higher chance that you can become disabled on the job, no longer able to work in that field. But if you are still able bodied enough to work in another profession, short term disability insurance is the right choice for you. This plan will be able to get you through the rough times right after your accident, but will still let you continue on with living your life.

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