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If you have long term disability insurance with your company but are paying for it 100 percent and are terminated from the job can you continue to pay the insurance privately and keep the policy?
Wiki User
∙ 14y ago
This will be dependent on the coverage that your are offered and have been paying for at work. Some companies allow for individuals to continue coverage on an individual basis and others do not. The best way to find out is simply to call your specific insurance company and ask.
If you are in good health, you may want to look into what is offered on the individual market as well. Group coverage is great for those who cannot qualify for individual coverage, but the benefits it provides are lacking in comparison. If you are able to qualify for individual coverage, even though it may cost more, it may be the best option.
Wiki User
∙ 14y ago
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Does disability follow you from state to state?
Individual Disability insurance will follow you to various states, as long as you remain in the United States. It will also continue to follow you even if you change employers.Group coverage will also follow you across states, but will not continue if you change employers.
Notice of Death to an Insurance Company?
Get StartedThis Notice of Death is used to advise an insurance company that an auto or homeowners policy can be terminated because of the death of the policy owner.A policy should not be terminated until the insurance coverage is no longer needed. If insurance coverage will be needed for a longer period of time after the death, an insurance company representative or agent should be contacted regarding premium payments and to make sure that insurance coverage will continue for the desired amount of time.
Can you continue to collect unemployment and Social Security Disability Insurance?
This depends on the severity of the disability, and the state laws regarding unemployment and disability issues. The SSDI might be interested in what you were doing, so its best to check with both the Federal and state offices to get clarification.
Can you collect disability insurance after being laid off from work if you already had a claim and where on it?
Under most disability plans if you were on disability prior to termination the benefit continue. Most companies will not terminate you if they believe the disability is short term because they expose themselves to potential liability for wrongfull termination.
Do works comp benefits continue if terminated?
yes.
Can your bipolar son be continued on your health insurance plan if he is not able to be full time student?
Most if not all health insurance companies will continue coverage children who have a disability that renders them physically or mentally incapable of self support. This can continue on into adulthood as long as there is no break in coverage. The disability must started when they were covered on your plan as a child Contact your insurance company to find out what documentation you need to provide and if there are any additional requirements that need to be met.
Can you be terminated while on long term disability?
Yes, an employee can and often will be terminated while on a Long-Term disability claim if there is indication he/she will not be returning to work. There is nothing stating or requiring an employer to keep an employee who is unable to perform the tasks required by their job description on staff.Clearly the Long-Term disability benefits will continue regardless. However, other benefits could be lost once terminated. Check with you insurance provider for specifics on this.
Two examples of fringe benefits?
Think of fringe benefits as "perks" offered by employers. Two common examples are: 1. Offering health insurance to employees, where the employer pays part or all of the insurance 2. Offering disability insurance. this allows employees to continue to have income in the event that they are disabled and cannot work. Most companies have both short term and long term disability insurance.
Why can't I collect long term disability and social security disability at the same time?
There is a very wide variety of "insurance" coverage from employers, public sources and private policies, and you should address your questions to the administrator of the insurance plan in order to get an accurate answer - but in general... Social Security Disability Benefits aren't a means tested program; eligibility doesn't depend on whether or not you have some other means of support. Most long term disability insurance is designed to replace your income in conjunction with Social Security disability benefit so that the sum of the two benefits enables you to continue in a lifestyle similar to the one you had before you became disabled.
If an employee is on approved FMLA and retires does the FMLA continue or do they fall under COBRA?
An employer is required by federal law to provide FMLA benefits - 12 weeks of unpaid leave per year - to employees. If you have terminated your employment by retiring, you are no longer an employee, and you would continue your health insurance through COBRA.
Does your insurance stop when you have short term disability?
While you are on leave you have the option of continuing your insurance coverage under the same terms as when you were employed - provided your employer is bound by FMLA. Once your FMLA leave expires and you remain disabled you can continue medical benefits via COBRA.
Why do you need disability insurance?
You rely on your income to pay your bills: mortgage, rent, car payment, utilities, groceries, etc. You need your income to save money for retirement and future emergency situations. If you get sick or hurt and become unable to work all your bills will continue to pour in, but there will be no income to offset these expenses. Disability insurance replaces a portion of your income while you are unable to work.
