What’s more, health insurance covers only your medical bills; it offers no financial security for any of life’s everyday expenses. Finally, Social Security disability benefits cover “severe” disabilities only – those expected to last a year or more. To help close these gaps, you need the security of Disability insurance.
Most of us take our health – and our ability to work – for granted. But the fact is, nearly one in every five working-age Americans has a disability. For many, this means loss of income, family security and independence. It can happen to anyone, at any age. A disability that prevents you from working – even for a short time – can be hard on you and your family. A weekend sports injury, a back disorder, a car accident, a bout of pneumonia – all are common causes of short term disability, and all can keep you from your job and your paycheck.
If a disability prevents you from earning income, how will you pay your bills, your mortgage, your car payments and other expenses? And what about the added costs that may accompany a disability, such as expenses for adaptive equipment? There’s a lot depending on your paycheck – that is’ why disability income protection is so important. Disability insurance provides benefits to replace a portion of lost income for eligible employees who meet the definition of disability. This allows the policy holder to focus on their health and medical needs and not on how the mortgage and automobile loan will be paid.
Group disability insurance is reasonable and can be paid by the employer, employee, a combination of employer and employee, or on a voluntary basis. As one of the most experienced insurance agencies on the Central Coast in disability insurance, Kardel Insurance Services specializes in creating disability solutions to meet our client’s unique needs. Plans include 24 hour coverage and include up to $25,000 in worksite modifications to get employees back to work.