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Long-Term Care insurance protects asstes, disability income protects income

No, long term care insurance covers all the costs of a caregiver that is not covered by Medicare, Medicate and disability insurance. These services are quite extensive and expensive.

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Q: Is long term care insurance the same as long term disability insurance?
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Is portable life insurance the same as long term health care?

No. You will only get "insurance" from an insurance company.


Can you collect long term disability insurance and social security retirement benefits at the same time?

check your answer


Are long-term care insurance policies the same?

Currently, there is no universal standard for defining long-term care facilities.


What options does one have if placed on disability and the auto was repossessed while awaiting receipt of payments in Texas?

Same as if you werent on disability. Read your contract. Did it mention 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.


What is the Difference between disability insurance and disability income insurance?

The difference between SSI benefits and disability benefits has to do with the circumstances under which each is given. SSI (Supplemental Security Income) is provided only to those 65 years and over while disability maybe be provided at any age.


What do you do if you don't have short term disability insurance?

Basically you are screwed. I know, because I am currently in that same situation.


Can you receive disability from your job and disability from social security at the same time?

Yes, it is very common for disability insurance plans to include a clause for social security disability, meaning the insurance company will pay a portion of the monthly benefit, expecting that you would apply for social security benefits to pay for the "Supplemental Social Security benefits". In the event you get declined by Social Security, then the insurance company would cover the additional supplemental benefits. Employer group plans as well as individual disability insurance plans can include that clause.


Can you receive disability benefits from a job and from the IRS at the same time?

The IRS doesn't pay disability benefits; they collect taxes. You may or may not be able to collect disability benefits from a private insurance policy and the Social Security Administration at the same time, but if you can, it's likely the income from one would be reduced to offset some or all of the income from the other. Check your insurance policy or consult with an insurance agent for more information.


Is private mortgage insurance the same as homeowners insurance?

They are not the same. Homeowner's insurance insures the property: dwelling, personal property, other structures on the property, etc. Private mortgage insurance pays the mortgage in case of the death or disability of the mortgagor.


Will moving to another state affect your disability benefits?

Your individual disability insurance policy is portable and benefits will not be affected by moving to a different state. If you have disability insurance through your employer, and move in a new state while working for the same employer, benefits will not be changed. However, if you leave your employer, you may lose the disability insurance benefits through a group DI policy. If you are currently disabled and are receiving disability benefits from the state, you will have to check with the new state regulations on social security DI; If you are receiving benefits through a personal/ individual insurance policy from an insurance company, then benefits are not going to be affected by the state of residence.


Who is a logical candidate for disability insurance?

You can get disability coverage after a disability under certain conditions. It depends upon the cause of your disability and how long you have been recovered. Each carrier has different underwriting standards. Some insurers will offer a guaranteed issue to employer groups. Your ability to get coverage will depend upon the required percentage of eligible employees electing coverage. Obtaining private disability insurance after sustaining a disability may be more tricky, because disability insurance is medically underwritten. From the insurer's perspective, it does not have the same "law of large numbers" with an individual policy (because only one person is insured), as it does in a group disability policy. In most cases, the initial disability will be ridered (meaning that there will be no coverage for it, and perhaps, related causes).