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Health Insurance

How Long Can You Stay on Long Term Disability – Long Term Disability Examples

How Long Can You Stay on Long Term Disability

As you all know, opting for health insurance is a great way to tackle unexpected problems. There are many types of insurance policies available to help you in the bad times and one of the most popular among them is long term disability. So today we will be going over how long can you stay on long term disability.

How Long Can You Stay on Long Term Disability

When it comes to disability insurance for physicians, or any occupation, it’s important to have the right type of coverage for your needs. Whether you have any occupation, own occupation, or any other type of insurance plan, you’re going to want to know the coverage you have and how long it can be used.

Long Term Disability Insurance

How Long Can You Stay on Long Term Disability
How Long Can You Stay on Long Term Disability

The main thing that long term disability insurance does is that it balances your finances after you experience an accident or disability. It makes sure that you get your income even if you become unable to work. So the right answer to the question how long you can stay on long term disability is that it depends on your policy. The benefits of long term disability insurance depend on your selected policy. This insurance doesn’t provide all the money at once instead it gives monthly benefits. To help you understand better, here is a brief explanation of how this insurance works.

To make the long term disability claim better in the future, it is very important to opt for the right options while filling the long term disability form. You must know about the available features and riders properly. You can speak with a disability insurance expert to ensure you’re receiving the right coverage for you. After that, you should decide the benefits period and the elimination length.

How to Choose the Right Elimination Period?

Choosing the right elimination period is very important because you won’t be able to get any benefits until you have passed your elimination period. To claim your insurance, you must be in the disabled state after the completion of your elimination period. So what’s the correct length? Well if you can manage your finances after your accident or disability, then you can choose longer periods like 3 months. On the other hand, if you are financially unstable, then a short elimination period is good for you.

If you choose the short elimination period, then you will start getting benefits early but the premiums for a shorter period are high. If you choose a longer elimination period, then you will have to pay fewer premiums. Apart from this, if you have been dealing with medical problems and have an adverse medical history, then you won’t be able to get the benefit period for more than 5 years. That’s why you should choose the benefit period carefully.

Bottom Line

Having coverage is important. From health insurance, to disability insurance, you need to be covered if anything happens. If you are unclear about how long can you stay on long term disability, then in simple words, it depends on the insurance policy you have. There are many types of policies in which you will get benefits for months, years, or even after retirement. That’s why it is recommended to read all the insurance documents carefully. 

Categories
Medicare

Can I Get Medicare Through My Spouse? – Your Questions, Answered

Can I Get Medicare Through My Spouse

Medicare is surely one of the most important aspects of life, especially when one gets a bit older. But many people wonder, can I get Medicare through my spouse? Well, even if you have not served the 40 calendar quarters of work during which you had to pay SST (Social Security Taxes) in the United States, but your spouse had done it, you will still be eligible for Medicare. You will be able to enjoy a premium-free Medicare Part A just based on the work history of your spouse. This is only possible when you turn 65. But one thing that you have to know is that if you have any disability before you turn 65 and you do not have enough work history, then you will not qualify for SSD (Social Security Disability) based on the work history of your spouse.

Can I Get Medicare Through My Spouse?

If you’re wondering, “Can I get Medicare through my spouse?” then some important things to know include that you can if your spouse meets the eligibility criteria.

Important Things to Know

As important as Medicare and health insurance is, there are some important aspects that you have to know when applying for Medicare. There are many if’s and but’s to the entire Medicare program through your spouse. You can be eligible for the a premium-free Medicare Part A based on the work history of your spouse after you turn 65 but there are some conditions. They include:

Can I Get Medicare Through My Spouse

  • Current marital status: Your current marital status must be married and your spouse must be eligible for the SSB (Social Security Benefits). Also, you must be married for at least a year before you apply for Medicare.
  • If you are divorced: Even if you are divorced and your previous spouse is eligible for the Social Security benefits. Before the divorce, you must be married for at least 10 years and you must be single now.
  • If you are widowed: Also, if you are widowed and you were married for at least 9 months before the death of your spouse, you will be eligible for Medicare. Although you must be single at the time of applying.

 

All of these are the conditions that are applicable for getting Medicare through your spouse. But you have to be aware that there are some exceptions to the aforementioned eligible rules. If you are still confused about your eligibility for the premium-free Medicare Part A, then you Can I Get Medicare Through My Spousecan call the Social Security Administration. Their official contact number is 800-772-1213. Also, be aware that there are different programs for Medicare and same may or may not cover surgery. In case you are a railroad worker, then you need to contact the local Railroad Retirement Board field office.

Conclusion

So, if you were wondering, “Can I get Medicare through my spouse?” then the answer is yes. For further details, you can contact the officials or the contact number given above. This will help you to get your all questions and queries answered. You need to check the aforementioned facts to make sure that you are eligible for Medicare and the health insurance that it provides. In case there is any kind of queries or questions, you can contact the help-desk. They will always be there to help you and answer all your queries related to the benefits of the Medicare program.

Categories
Insurance

What is Disability Insurance for Physicians

What is Disability Insurance for Physicians

What is a Disability Insurance for Physicians? This is a special insurance for physicians that acts as an income source in the event of any disabling event; basically, it’s a physician income insurance that will support you and your family during your recovery time. Not every Disability Insurance for resident physicians is the same, however, as there are different types that attend different needs, so don’t expect that all insurers will provide the same services. Speaking of which, should doctors get Disability Insurance? The answer is yes. Just because you’re a doctor doesn’t mean you’re immune to ailments. This article will present you the best insurance for doctors available that you can pick today.

What is Disability Insurance for Physicians

Just like the importance of health insurance and the benefits of Medicare, Disability Insurance for Physicians is crucial to consider. In this article, we’ll delve deeper into the topic of Disability Insurance for Physicians to help you gain insight into this matter. You’ll understand what is a Disability Insurance for Physicians, how do they work, and most importantly, when can you get yours today.

What is the Best Insurance for Doctors?

Right now, there are 3 types of Disability Insurance you can choose from:

  • Long-Term Disability Insurance. As the name implies, this insurance covers disabilities that will last far longer than a month or through age 65. The exact length is determined by your insurer, but the average is a three-month minimum.
  • Short-Term Disability Insurance. Industry professionals say this insurance covers Short-Term Disabilities that don’t last more than a few weeks; usually, no more than 3-6 months. Although this insurance has the least financial impact, it can help you access Long-Term Disability benefits later on, so it’s good to invest in a Short-Term Insurance, if the situation calls for it.
  • Social Security Disability Insurance. This one is not funded by insurers, but rather by taxpayers and administered by the Social Security Administration. This is the one we recommend the least, though, because the benefit amount is MUCH lower – not even close to your average physician’s monthly salary. Good thing is, it’s hard to qualify for this one, so don’t worry about having to rely automatically on this one.

Should Doctors Get A Disability Insurance?

Of course. If you’re a doctor and suffer a disability, you would be out of work for a good while; your financial responsibilities would not stop with you, and with your frozen income, you might get yourself into serious financial trouble.

A Disability Insurance for Physicians is a financial net that will help you pay your personal expenses if you suddenly stop receiving an income.

When to File a Disability Claim?

What is Disability Insurance for Physicians

What’s the best time to file a physician income insurance, you ask? Simply put, right now.

Even if you’re not suffering any disability right now, your current health will become a key factor on whether or not you are eligible for coverage. As a matter of fact, it can be too late for some doctors to get one, depending on their medical records. This is why you must get a physician income insurance soon: you’re a human being, prone to accidents that may or may not happen tomorrow; better be safe than sorry.

Now, if you suffer from a disability and want to file a Disability Claim, the first thing you need to know is the timeframe in which you can do it.

As a rule of thumb, most insurance providers require a 20- to 30-day timeframe that starts on the date of the disability. In addition to this, you need to meet all qualifications stated in their insurance policy. The best thing is to get in touch with your insurer and ask them for details when filing for your claim, as to avoid any misunderstanding and to get a broader overview of their coverages.

Why do doctors need Disability Insurance?

Basically, a Disability Insurance replaces your income when you’re unable to work. It’s a financial support that prevents you from losing your house or your car, if you’re still paying for them.

How does Disability Insurance work?

This insurance provides income replacement benefits that tend to cover up to 60% of your average earnings. Payments are usually monthly.

Bottom Line

Now that you know what is a Disability Insurance for Physicians you can see the importance of what it can do for you. Although we hope that you never have to depend on a Physician Income Insurance, Disability Insurance for Physicians is a great financial support that you can get right now, regardless of your health. In the long run, it will be a lifesaver.