DISABILITY INSURANCE 101
Disability Insurance replaces income you lose if you have a long-term illness or injury and cannot work. This is an important type of coverage for working-age people to consider. Disability Insurance does not cover the cost of rehabilitation if you are injured. Check your major medical insurance to see if it is covered there.
Some employers offer Group Disability Insurance and this may be one of the benefits where you work. Or you might be eligible for some government-sponsored programs that provide disability benefits. Many different kinds of individual policies are available. See also our Disability Insurance Glossary.
Insurance Calculators:
Disability Income Needs Calculator
courtesy of LIFE-Line.org
Insurance Articles:
A New Form Of Insurance
Government Resources:
State Departments of Insurance Regulators
US Government Healthcare Resources Disability
LONG TERM CARE 101
Long Term Care Insurance, sold mostly only to people under age 40 or over age 84, is a contract between you and an insurance company that goes beyond medical care and nursing care to include all the assistance you could need if you ever have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time.
Medicare, private Medicare supplement insurance, and health insurance you may have either on your own or through your employer will not pay for long-term care.
People with Long Term Care Insurance, pay a known and affordable premium to offset the risk of a much larger out-of-pocket expense.
Several types of policies are available, most are indemnity policies. This means that they pay a fixed dollar amount for each day you receive specified care either in a nursing home or at home.
Long Term Care Insurance Calculators:
courtesy of LTCweb.org
Insurance Articles:
Getting to Know a Precious Alternative
Government Resources:
State Departments of Insurance Regulators
Insurance Commissioners Names and Addresses
For specific answers to your personal finance questions, we recommend that you contact us. A qualified, licensed, professional can personally advise you and offer you competitive quotes
HEALTH INSURANCE 101
What is Health Insurance?
Health Insurance is a contract between you and insurance companies that pay for the large expense that can be incurred when you see doctors, go to the hospital, or seek medical attention. Health Insurance allows you to get high quality medical care without severe financial drawbacks for you or your family. Health Insurance protects your assets and provides access to good medical care. See also our Health Insurance Glossary.
Types of Health Insurance:
health insurance for individuals and families
group health insurance
health insurance for seniors
Health Insurance Articles:
Medical Savings Accounts
Government Resources:
State Departments of Insurance
Insurance Commissioners Names and Addresses
US Government Healthcare Resources
For specific answers to your personal finance questions, we recommend that you contact us. A qualified, licensed, professional can personally advise you and offer you competitive quotes.