Colorado Springs Social Security Disability Lawyer

Colorado Springs Social Security Disability Lawyer

Colorado Springs Social Security Disability Lawyer

Posted on: January 07, 2012 - 12:44 am
by Admin

Although regularly neglected, having some form of disability income insurance in place is extremely important. According to the Health Insurance Association of America, almost a third of Americans in the 36 to 65 age group will suffer a disability that lasts for a minimum of three months. Unless that person has savings set aside, not being able to pay the bills could lead to mortgage arrears, eviction or even foreclosure.

Alternatives to Private Disability Insurance Coverage

A disability insurance policy provides up to two-thirds of any lost income should the insured be unable to work due to a medical condition, as defined by the insurance policy schedule. Although everyone wants the best disability insurance, low and fixed income families may require an inexpensive or free alternative to this.

Workers' Compensation and Disability Income Insurance

The majority of U.S. states legally require employers to offer their employees some disability insurance coverage. Should a disability occur whilst at work, the employee may receive a payment for a minimum of 26 weeks. Not all employers are legally obligated to offer this coverage under state law and payments tend to be small when they are available.