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A widow take home pay of 600 a week her disability insurance coverage replaces 70 percent of her earnings after a 4 week waiting period what amount would she receive in disability kept off for 16 week?
Missval357
70% of 600.00=$420.00 times 12 weeks (subtracted the 4 week waiting period) = $45040.00 or if you get the full 16 weeks, $420.00 times 16 = $6720.00
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What type of insurance replaces income if you have a lng-term illness or injury and cannot work?
Disability Insurance is what is referred to as income replacement coverage.
How can you insure yourself in case of disability?
Yes - that is the purpose of disability insurance. It replaces a portion of your income if you become unable to work because of a covered accident or illness. Contact an insurance agent to get a policy. Coverage needs to begin prior to becoming disabled.
How much does ny state disability insurance pay?
NY State Disability Insurance replaces up to 50% of your income, or $170 per week, whichever is less. Most workers in NY will find that this level of coverage inadequate. You can get supplemental short term disability to provide you with a higher level of income protection.
Can you purchase a second short term disability insurance if you already have short term disability insurance through your employer?
Yes you can get supplemental coverage. Most carriers will limit the total benefit amount to under 70% of your income. For example, if your current policy replaces 35% of your income, you can purchase a supplemental disability policy to replace an additional 35%
What type of insurance replaces income if you have a long term illness or injury and cannot work?
disability
What type of insurance replaces income if you have a long-term illness or injury and cannot work?
-disability
Why do disability insurance companies ask if you have other disability insurance?
Disability insurance often replaces up to 2/3 of your income. The idea is to keep money flowing in during times you are unable to work, but not to create an incentive for workers to stay disabled. Insurers want you returning to work as soon as possible, and shorter disabilities keep premiums affordable. Insurance companies ask if you have other coverage in order to make sure that you won't be making more money while hurt than when at work.
Can a person collect unemployment benefits and long term disability in Pennsylvania?
Disability insurance and unemployment insurance do different things.Disability insurance replaces your income in case you are sick or injured and unable to perform your work duties. Private companies provide this coverage in PA.Unemployment insurance replaces your income if you lose your job. This is a state program.If you are disabled and your employer terminates your position, you may be able to collect unemployment.Second opinion:No because first of all you're already getting money and second you're going back to work so they won't grant you it
What is short term disability Insurance?
Short term disability replaces your income if you become injured or sick and can't work. The benefit period is limited to 3, 6, 12, or 24 months. The policy stops paying benefits if your disability lasts longer than the benefit period.
Can you keep your primary medical insurance if you are eligble for disability insurance?
Yes - keep both coverages. They are designed for two very different purposes. Your medical insurance reimburses the doctors and hospitals that provide your medical treatments. Disability insurance replaces a portion of your income during the time you are sick or hurt and unable to work.
What percentage salary does short term disability insurance pay California?
California replaces 55% of your income, up to a max of $949 per week in 2009.
Does welfare count as income for tax purposes?
Yes, as it replaces earnings.
