There are two kinds of disability coverage – the short-term and the long-term.

Any physical damage, illness, or pregnancy resulting in total disability for less or exactly 180 days falls under Short-term disability insurance. Coverage starts on the first day of disability in the case of an accident, and after the seventh day of a disability in the case of an illness or pregnancy. Benefits are not paid for the days you are not under the supervision of any physician, and a disability exceeding 180 days will not be given any more coverage. Benefits are not payable while you are qualified for your workers’ compensation benefit.

Short-term coverage may be purchased for monthly benefit amounts ranging from $300 to $5000, any amount within one-third of your gross monthly salary. The cost of insurance is established on the amount of your chosen monthly benefit. Employees may increase coverage any time, or even purchase a new one, by simply showing a clean bill of health.

Any physical damage, illness, or pregnancy resulting in total disability past 180 days falls under Long-term disability insurance. Income is provided, and the coverage starts after the 180th day of a total disability due to pregnancy, illness or physical damage, and is billed until your regular age of retirement determined by the date of your birth. The cost of long-term disability coverage is based on the amount of your chosen monthly benefit. Monthly benefit amounts also range from $300 to $5000 for long-term disability coverage purchase.

Still, there is more to filing a claim for disability benefits, either short-term or long-term. Filing for disability coverage requires time and effort. Get the necessary claim forms, depending on the type of coverage you want. After that, answer clearly and honestly. The form has several parts that will require the participation of people you know – the Employer Portion, the Physician Portion, and you, the Claimant.

The employer portion simply needs basic information about your employment – date of hire, salary, etc. The physician portion is the doctor’s objective professional input and opinion on your disability. The final portion is the claimant portion. Simply list complete details about you.
After completing the process, gather all completed portions of the mail form and have them photocopied before mailing them direct to the insurance company. Continue follow up a week or two later to make sure your application has been received and are being reviewed.

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Overall, what’s been happening is that some costs have gone up a lot whereas others stayed the same or have even gone down. For example, even though I use my phone hardly more than I did 20 years ago, my cell phone bill is hugely higher than my old phone bills were, thanks to the cell phone companies’ skills at charging extra for every little thing. Same for my TV bill. Although I probably watch less TV than in the past, somehow the satellite company managed to make it so that I can only get the few channels I really want by subscribing for packages with about 500 channels I never watch. The utility bills also have an ever-increasing number of surcharges and extra fees and additional taxes, but haven’t actually gone up all that much, which is surprising given the rising cost of energy.

Insurance is another area where it’s hard to figure out what we’re actually paying for. Health insurance costs have escalated obscenely and are now a crushing load for many. Where else can you find an industry that routinely increases premiums by 20 or 30 percent a year even during a recession? Home insurance is also an issue as most homes have declined in value, but premiums seem higher anyway. Then there’s auto insurance, another mandatory expense. If you drive you must have insurance, and so most of us have to deal with that as well.

I must say that personally I have always had good luck in that area. Maybe that’s because I have been with the same agent for a long time and they’ve been very good at giving me the best rates, or maybe it’s because of my good driving record, or because they consider me a low risk. I am counting my blessings here because most people aren’t that lucky, and a lot of my friends are paying through the nose for car insurance. There really isn’t such a thing as cheap car insurance anymore, but you can still get good deals that are fair to all involved.

Unless you’re okay with throwing money out the window, doing an auto insurance comparison and get auto insurance quotes about once a year is a good thing to do. There’s not even a need to call up a broker for that. Just use one of the auto insurance comparison websites to see where you stand. You may find that you can save a bundle by signing up with someone else, or you may find what you currently pay is fair. Either way, it’s good to know where you stand.

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