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How Does Short Term Disability Work?

You would be a good candidate for short-term disability insurance if, through chronic medical issues, an injury, or an illness of some type, you are unable to work for some time.

What Exactly is Short Term Disability?

You can get this type of insurance either through your employer or independently, via a private insurance plan. Although many people have the idea that it’s easy to get short term disability, there are certain things that could result in applications being rejected or benefits being terminated. The trick is to be well prepared if you are thinking of applying for this type of insurance.

How Do you Know if you are Eligible for Benefits?

It Depends on the type of plan that you have, as there can be many different requirements to qualify. Each insurance plan has a different set of rules regarding what is needed in order to qualify. Here are some of the possible requirements:

  1. A minimum period that one has worked for their employer.
  2. A minimum period of disability – normally 8-9 weeks.
  3. Being employed full-time.
  4. Frequent medical updates.

Each plan’s requirements will be different but in most cases, you will be required to have some condition that will prevent you from being able to do your job for a long period of time, normally anywhere from two months to one year. Each plan does have what is called an “elimination period”, which is basically a waiting period before your benefits will start. You could have to use some of your sick days while you are waiting for this period to pass.

What Qualifies as a “Disability”?

There is no hard and fast definition that applies. It all depends on the policy or plan that you choose to take out. Generally speaking, it would be an illness or injury that would cause you to not be able to work.

It could be a major surgery that requires a long recovery, childbirth, or an injury caused by an accident. It is vital that you check what your plan covers if you wish to make a claim.

Does Mental Health Get Covered?

It is possible to get cover for mental health issues like depression, or any other type of mental problems that cause you to not be able to perform your duties at work.

You will need to check your plan and most companies will need to see proof that there has been a problem that has lasted for a long time. Before attempting to take leave from work, you should already be seeing a psychiatrist, as this will show that it is a real problem that needs to be covered.

How Much Time Will you Get Off With Short-Term Disability?

The amount of time that you will get off will depend on the plan that you have chosen. The duration can be anywhere from one month to one year, again, depending on your plan.

The amount of time that you will get off will depend on the type of problem that you have. Medical practitioners have guidelines that your employer can access, in order to know how long you will not be attending work. Any kind of disability that requires more than this amount of time off work, will then fall under long-term disability.

How Much Will You Get Paid?

When the time comes that you need to make use of your short-term disability benefit, the time that you are not at work will be paid, but you may not get the full amount.

What amount you get will depend on the plan that you have. Some offer the full salary and some do not. Most insurers will offer you between 60% and 70% of your usual weekly or monthly salary.

Some programs award you amounts depending on how long you have been with them, so it is important to make sure that you know from the beginning what you are covered for.

Should you live in a State where short-term benefits are required, then the amount you receive will also be regulated

How Often Will You Get Payments?

This is another Grey area, but you will be able to find all the information that you are looking for in your policy documents.

If the business that you work for is working with the insurer, the payments will normally be done by the insurer, therefore you might not get your payments on your standard pay date.

How Do You Apply for a Short-Term Disability Claim?

The first step that you will need to take is to get your injury or illness documented, as you will need medical backing. Once you have seen your Doctor, the report will then be reviewed by the insurance company.

The next step is to get your HR department to start the process of the claim. If the company that you work for does not have an HR department, then you should report to the manager who should be able to assist you with submitting your claim.

Lastly, be sure to check how long the elimination period is before making a claim. You do not want to use the time that could have been covered by sick days.

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What Is Supplemental Life Insurance?

Recent research from the Life Insurance and Market Research Association shows that about 30% of people with life insurance coverage only carry employer-sponsored life insurance. The most common type of employer-paid life insurance is group term life insurance, which offers coverage up to a set limit, such as $50,000 or two times your salary, depending on the plan. According to experts, this is hardly enough. More specifically, experts suggest that your death benefits should be 10 to 15 times your salary. This is where supplemental life insurance coverage comes in handy. Here’s everything you need to know about this topic.

What is Supplemental Life Insurance?

Otherwise known as voluntary supplemental life insurance or voluntary life insurance, supplemental life insurance is a type of life insurance policy that you can use to bridge the life insurance coverage gaps left by an employee-provided group terms life insurance policy. Most employers offer supplemental life insurance coverage as an optional feature on a standard basic group life insurance policy as a way of increasing employees’ death benefits.

Type and Amount of Supplemental Life Insurance Coverage

As mentioned above, supplemental life insurance is essentially an employee benefit. For this reason, the amount and type of supplemental life insurance coverage typically varies from one employer to another. For example, some employers offer a choice between whole life and additional term insurance coverage, while others allow employees to add riders to their group life insurance policy. Still, for other employers, voluntary life insurance may refer to supplemental accidental death and dismemberment (AD&D) or burial coverage.

Supplemental Life Insurance – Coverage Limits

Similar to your employer-provided group life insurance coverage, most supplemental policies have coverage limits. Beyond these limits, which typically vary from one employer to another, your insurer may require you to provide more information, including your health and financial records. To adjust your policy, you do not necessarily need to use a private insurer, which can be a complex process. Instead, you can increase or decrease your coverage during open enrollment. It is also worth noting that if your policy is portable, you may be able to take it with your when you change employers or even lose your job, which is something you cannot do with most basic group life insurance policies.

Cost of Supplemental Life Insurance

In general, the cost of a standard supplemental life insurance policy depends on various factors including, among others, your age and your employer’s contribution, if any. To determine your rates and premiums, many group insurance companies will not put you through underwriting. Instead, they will use age ranges. Similar to other life insurance policies, younger policyholders enjoy lower rates compared to older policyholders. In addition to your age, insurers also base your premiums on your overall health. More specifically, if you decide to skip the insurer’s risk and health evaluation, expect to pay higher premiums. To put it another way, a voluntary life insurance policy for a guaranteed issue typically tends to be more expensive than an underwritten private policy. On the tax front, your beneficiaries may have to pay tax if the death benefit from your group life insurance exceeds $50,000. Additionally, if you purchase a supplemental life insurance policy for a dependent or a spouse with a face value of $2,000 or more, the entire pay out could be subject to tax.

Alternatives to Supplemental Life Insurance

While employer-sponsored group insurance policies may work for some people, they may not work for others. Fortunately, there are other ways to get voluntary life insurance coverage without necessarily going through your employer. Some of the common alternatives to employer-paid life insurance plans include:

• Permanent or private term life insurance — Granted, the process of getting this type of coverage is typically more complex compared to the process of joining an employer-sponsored life insurance plan. However, if you want additional coverage than your employer offers, then getting your own permanent or term life insurance coverage is arguably the next best option. It is worth noting that while both whole life and term insurance coverages may require your health data, you can choose no-exam insurance or accelerated underwriting option, allowing you to skip the medical exam part. Take note that a private policy is a portable policy, meaning you can take it with you when you lose your job or change employers. Additionally, a private policy is typically less expensive than a supplemental policy, and its premiums remain stable throughout its policy period.

• Life insurance riders — Insurance riders are policy features that allow you to adjust your coverage. Put differently, you can use riders to increase coverage for an existing life insurance policy either for yourself or for your loved one. For example, you can use riders to increase your coverage for child coverage or long-term care, albeit in small amounts. Take note that some insurers charge for riders while others do not, meaning it depends on your life insurance policy.

• Standalone private policies — If you’re looking for a specific type of supplemental life insurance coverage, such as an AD&D policy, then a standalone private policy is a good options. Depending on your health status, a standalone private policy can be less expensive than your employer-sponsored group life insurance policy.

Conclusion

Almost all employer-sponsored health insurance policies have huge coverage gaps. To cover those gaps, employers offer supplemental life insurance as part of employee benefit.

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What Happens If You Get Cancer And Don’t Have Health Insurance?

What happens if you get cancer and don’t have health insurance? The answer can be bleak because cancer insurance covers the catastrophic expenses of treatments and medications when cancer touches your life. When you don’t have insurance, anything you own can be liquidated to pay medical bills.

The Overwhelming Cost of Health Care

if you don’t have cancer insurance, the cost of even routine health care becomes astronomical. A diagnosis of cancer doesn’t have to be fatal — more and more people survive cancer with advanced treatments. However, the costs of advanced treatments when you don’t have insurance can disrupt your financial security and change your lifestyle dramatically. Some of the typical expenses you face if you don’t have health insurance include:

• Tests and screenings that include mammograms, colonoscopies, etc.
• Costs of confirming diagnoses of different cancers, such as breast, ovarian, lung, kidney, skin, throat,leukemia, brain, neck or colon cancer
• Procedures that include imaging, surgery, reconstructive surgery, reproductive therapies and getting a second opinion
• Cancer treatments, such as chemotherapy, immunotherapy, radiation therapy, hormone therapy, nutritional planning, experimental treatments, etc.
• In-person care at hospitals, clinics, hospices, nursing homes, intensive care and ambulatory cancer centers
• Travel and lodging expenses
• Costs of transportation by ambulances and air ambulances

If You Don’t Have Health Insurance, Get Covered for Cancer

Even if you don’t have regular medical insurance, you can get a policy that covers cancer, the most expensive of common health problems. If you don’t protect yourself from the overwhelming financial costs of treating cancer. You might even want to consider getting cancer insurance even if you have regular health insurance.

Many cancer policies pay out lump-sum benefits in addition to any other insurance you might have. That can come in extremely handy because you might be unable to work, and the financial challenges of cancer are all-pervasive, increasing costs in every area of your life.

Cancer generates extreme financial hardships for most families at the worst possible time. Money struggles can aggravate cancer symptoms and compromise effective treatment by increasing stress levels. A CBS news report found that people who develop cancer are more than 2.5 times more likely to file for bankruptcy. Younger cancer victims are even more likely to go bankrupt.

Cancer survival rates continue to rise, but patients universally struggle with the high costs of treatment. The monthly cost of cancer treatment drugs runs as much as $100,000. Your out-of-pocket expenses could be extremely expensive, and some victims are simply priced out of hope for a cure or remission. The Mesothelioma Center reported that 63% of cancer patients struggle with costs.

Low-income Families and a Cancer Diagnosis

Low-income people and other Americans who are uninsured or underinsured face medical bills that run more than 400% of their annual income. Many victims become unable to work for some time after a cancer diagnosis, and these families simply can’t keep up with the continually rising costs associated with cancer treatment.

Even insured families face financial hardship based on co-pays, deductibles, out-of-pocket expenses related to cancer and the reduced ability to earn a regular income. Family members also generate expenses for hospital visits, time off work, travel and other incidentals.

Why It’s Essential to Take Out Cancer Insurance for Financial Stability

Cancer insurance provides essential coverage for all the expenses you face after a diagnosis of cancer. This affordable insurance can literally be a lifesaver for cancer victims who need to marshall all their resources to fight the cancer. Financial hardship should not be added to your burden if you have cancer.

Most people can’t conceive of the costs of cancer treatment, and the financial hardships can adversely affect your lifestyle, financial security and attitude. Cancer insurance provides affordable protection against the risks of cancer, and even low-income families can afford to get cancer insurance through work or an independent policy from the federal insurance marketplace.

What to Do If You Don’t Have Health Insurance

If cancer happens in your family, you’re faced with one of the most stressful situations in the modern world. The fact that cancer can be beaten forces families to pursue treatment, and the costs just keep going up. If you don’t have health insurance, you face an uphill battle.

The first step is to find a knowledgeable and empathetic financial advisor to act in your best interests. You can find free advice online from locally based experts who can help you find ways to cover treatment expenses. If you don’t have insurance or enough insurance, don’t assume that you can’t afford treatment or get financial help. Some of the possibilities for financial help include:

• Applying for assistance at your local hospital or cancer treatment center
• Applying for Medicaid
• Volunteering for experimental treatments
• Checking out nonprofit cancer-treatment organizations like CancerCare, Road to Recovery, Leukemia and Lymphoma Society, American Cancer Society and Cleaning for a Reason
• Researching local charitable organizations and health department programs for grants and other types of financial assistance
• Checking out St. Jude’s Hospital programs for children with cancer
• Crowdfunding pages on Facebook
• Researching state resources for financial assistance, which vary by state
• Enlisting local church support
• Looking for grants from organizations like Cancer.net and others

The Patrick Dempsey Center for Cancer Hope & Healing can often point you in the right direction. Although the group is located in Lewiston, Maine, the center can provide referrals to similar organizations in your area and share education, support services and integrated medicine for any cancer victim.

You might face a tougher battle finding financial support if you’re in the middle class than you would if you were poor, but help is available for anyone. Those who are in the middle class should take note and begin researching cancer insurance policies to manage the risk of facing the high cost of cancer.

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NEW ARRIVALS

How much does a dental bridge cost with insurance?

Have you ever had a sleepless night due to toothache? A dental bridge works well for you if you want to fill a gap left when a tooth has been lost. The gap existing in the gum can be bridged, and your doctor will cement on this area, attaching the bridge to other teeth.

Dental bridges help you look good and Boosts your confidence since no one can the; by looking at you if you have any extracted teeth. How much a dental bridge cost varies with the doctor’s policy and whether you have Insurance?

As you know, it has insurance plans to help you save money on medical bills and such services. It would be best if you considered the charges of Teeth Bridge before you book an appointment. So Why and how much does a dental bridge cost with insurance?

Why get a dental bridge?

If you have a tooth decay that’s giving you sleepless nights, have it removed. When a dentist extracts teeth, there is a gap between other teeth. Such a hole should be fixed to retain your looks and build up your confidence.

Dentists use unique materials and techniques to fill up the gap in your mouth, altering your looks. How people see you play a part in your self-esteem, and such a practice will help you keep your looks. However, the costs of tooth bridging must be considered, which is where dental Insurance comes in.

The materials used determines how much dental insurance will cover. These materials include gold, alloys, zirconia, and porcelain; they work effectively and accommodate several bridges. You can opt to foretell bridges, Maryland, cantilever, and implant-supported bridges based on your preference.

Types of dental bridge and respective cost estimates

Traditional and cantilever bridges cost $2,000 or $5,000 when you don’t have an insurance cover. This rate would be a high amount, especially if you did not have it in your budget. On the other hand, Maryland Bridges cost between $1, 0000, and 2,000 when wings are attached to the abutment teeth.
If you want an implant, you will have to pay up to $15,000. It would help if you contacted an insurance company first and understand their terms. Then contact the best dentist near me and request guidance on payments.
You now have an opportunity to achieve your dream look at affordable prices with dental Insurance. You might not need it for a while, but when you do, it comes in handy.

How much do a dental bridge cost?

Dental bridge cost depends on various factors involved in doing the procedure. However, these costs range between $1748 and $1911. If you have dental Insurance, this price will be different. Factors that affect the cost of dental bridge include;

Materials used during the procedure might be expensive; therefore, the dentist will increase the price. Another factor is the process since if you have any complication, it might lead to using medications, increasing the charges.

Most dentists have considered such factors when setting the inclusive; therefore, you don’t have to worry much. You can talk with your dentists and help you have a rough budget on the dental bridge price.

How much does a dental bridge cost with insurance?

If you have dental insurance, it should cover your medical bills, including tooth bridge costs. Dentists regulate dental bridge costs, but after extensive research, the approximate price, if you have Insurance, will be between $300 and $1000.

This price also varies with the type of bridge you need to look good. For instance, if you need a single tooth, you will pay less than when you need the all-porcelain bridge. Metal Porcelain Bridge also costs more than the others.

Dental Insurance plays an important role when it comes to dental bridges. If you don’t have dental insurance, you may end up paying more than $1500 per tooth. A bridge is as vital as any dental practice; therefore, it should be handled by an expert.

The percentage covered by Dental Insurance

Dental Insurance helps you replace any missing teeth without any worries about the costs. More than 50% so cut off for you by the insurance company. It’s hard to predict when you will have a tooth extracted, therefore being ready and having insurance cover.

Understand that you may have to wait for six months or more before you get such services. Contact a dental insurance company for guidance and a clear understanding of the concept. The cost also varies with your state, and it would help to search for a reliable estimation.

Why is dental Insurance important?

Dental insurance companies will also advise you on the best dental bridging protection cover to access this service when you want it. Oral health and dental implants are essential in giving you a new look, among other benefits.

Such a practice helps anchor your teeth, restoring your smile, speech, and pronunciation. You can also chew well since you will readjust your bite correctly.

Bottom Line

Dental Insurance comes in handy when you want to have a new look fill gaps existing in your gums. Such gaps affect your smile, looks, and speech, and the best solution is a dental bridge.

If you have dental Insurance, it will cover 50% of the costs involved. Without Insurance, you will pay more money, and such a situation can limit your desires. Contact us today for more information on dental insurance coverage plans.