Short Term Disability Insurance

Every working professional is at the risk of losing their income due to disability, may be due to a road accident, illness, or any other reason. Have you ever wondered how the regular expenses of your family will be managed, in case you also become unable to work due to physical or mental disability, even for the short term? This is where short-term disability policy comes into the picture, allowing you to protect the financial freedom of your family and manage regular expenses like electricity bills, medical bills, house rent, kids’ school or college fees, grocery, etc. You can easily get the best short-term disability insurance quote with Quixory and avoid the hassle later.

What Is A Short-Term Disability Insurance Policy?

Short-term disability insurance is a way to protect the financial security of your family members as this will ensure to replace your income, in the event of a short-term disability, which can happen due to injury at the workplace, illness, etc. When you buy short-term disability insurance, you can use it like your regular paycheck, thus avoiding falling behind on any expenses if you’re out of a job.

The policy is just like any other insurance plan that will provide you with regular income when you become unable to work due to disability for a short time. This is different than the long-term disability insurance policies, which typically cover disabilities lasting for an extended period. In general, your short-term disability policy will provide financial support for durations, usually ranging from a few weeks to a few months.

It is worth keeping in mind that the benefits provided with short-term disability insurance may vary depending on the specific terms of the policy. So, when you apply for short-term disability quotes, make sure to know everything about the policy as well as its limitations.

The benefit amount received under the short-term disability policy can be the sum of money you get each week or month during which you are unable to work. Although it doesn’t replace your entire monthly or weekly paycheck, it can pay you an amount that can be between 50% and 80% of your normal. The percentage of salary amount you receive will hugely depend on the terms of the plan you are going to buy. Make sure to check everything before you accept the short-term disability insurance quote online.

Although short-term disability insurance policies are often offered by employers, you can also get the policy as an individual to ensure the financial security of your loved ones. You can get a short-term disability insurance quote online from Quixory and then make the right choice as per your specific requirements and budget. When you buy short-term disability, make sure to check everything mentioned in the document of short-term disability insurance quotes to be sure about your coverage, waiting period, etc.

How Does Short-Term Disability Insurance Work?

·Step 1: An employee or an individual gets injured in a covered accident.

·Step 2: After the medical examination, the covered person is declared disabled and unable to work for a few or months.

·Step 3: You stay at home and start receiving disability coverage amount as per the policy.

What Does Short-Term Disability Insurance Cover?

First of all, in order to become eligible to get the benefits of short-term disability insurance coverage, one has to experience a covered injury, illness, or medical condition, that prevents you from working for a short term. Remember that not all insurance policies are made the same; some of them will also require the covered person to prove their inability to work by providing supporting medical documentation signed by the certified doctor or therapist.

Here are some common conditions that may qualify you to get the benefits of a short-term disability policy:

Medical conditions that may impact your ability to work on a short-term

• Severe illnesses that may impact your ability to work temporarily, such as arthritis, cancer, or a heart attack or stroke.
• Injuries that can be sustained due to workplace or other kind of accident and make it difficult to perform your job duties, the injuries may include musculoskeletal issues, head traumas, or broken bones.
• After a pregnancy, women need time to recover before being able to work. In the case of complicated pregnancy cases, the time can be increased.
• In the case of surgery and the subsequent rehabilitation duration, one needs time to recover during the post-operative period.
• Several types of mental health conditions can temporarily prevent you from working in the office. These may include depression, anxiety, or stress.

What Doesn’t Qualify For Short-Term Disability Insurance?

Before accepting the quote for short-term disability insurance for individuals, it is very important to understand the situations that aren’t covered in the policy plan. The qualifications for short-term disability insurance may vary by policy, however, the injuries that can happen at work or because of work are generally not eligible. In case a person gets injured at work, there are separate types of insurance plans such as workers’ compensation insurance.

Many short-term disability insurance plans will have exclusions and limitations, due to which they may not fully cover certain disabilities. Some conditions such as intentional injuries like suicide attempts or drug abuse may not be covered under a short-term disability policy.

How Do I Save Money On a Short-Term Insurance Plan?

One thing that not many people know, not every short-term disability policy is the same. Before you buy short-term disability, there are several ways you can try to save your money on premiums.

• Get it when you’re young – Your age makes a huge difference when it comes to the total cost of the premium you pay for short-term insurance policies. The earlier you buy short-term disability, the less will be your premium.
• Elect a longer elimination period – The elimination period of a short-term disability policy may last up to 30 days. You can save some more money by choosing the longer elimination period.
• Get a lower-income replacement percentage – When you buy a short-term disability plan, you get a monthly or weekly amount, which is the percentage of your income. The less amount you choose to receive in case of disability incident, the less will be the premium you pay for a policy.
• Choose a shorter benefit period – Another factor that affects the cost of short-term disability quotes is the benefit period for which you want to receive the financial benefits. The shorter the amount of time you choose, the lower be premiums you pay for the policy.

Ready To Help Protect Your Family’s Financial Freedom?

At Quixory, we are dedicated to offering you the best short-term disability insurance plans with the lowest quotes so that you can pick the best option, based on your specific needs and budget. Our short-term disability insurance quotes are customized to meet your income protection needs.

Our team connects with various short-term insurance providers to bring the options available in order to provide you the financial freedom, even when you are unable to work for a short time. Before making any choice, it is recommended to go through the benefits and other conditions of the policy to be sure about the desired benefits.

Contact us today to get your quote.