How to Buy the Cheapest Disability Insurance
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Skip to main content. Small Business Human Resources Health Insurance by Jessica Jones The nature of your occupation may influence the amount of disability coverage needed in the event of an accident or injury. Contact your health insurance provider to determine if disability insurance is included in the policy. You may need to purchase additional coverage or purchase a separate insurance policy if your employer health insurance policy does not include disability insurance coverage. Obtaining several quotes from licensed insurance providers and researching coverage types allows you to find cheap jerseys the cheapest policy available for your needs.
1. Search for a group disability insurance plan as group plans tend to cost less than private disability insurance plans. Inquire about disability insurance through your employer, civic group, alumni or professional association or charity to ask about monthly premiums and coverage options.
2. Determine whether to purchase short term disability insurance or long term disability insurance policy. Short term insurance provides coverage immediately following an injury and provides coverage for up to two years. Long term disability insurance provides coverage about http://www.cheapjerseys11.com/ 30 days after an injury and continues to provide coverage throughout the life of the insured. Short term policies are easier to secure because of the length of coverage time and are typically less expensive than long term disability insurance coverage.
3. Determine the amount of coverage needed when purchasing a short term or long term insurance policy. Consider the nature of your job and the potential for accidents or injuries in the workplace. Consider outdoor hobbies or other hobbies you pursue on a regular basis that could pose a risk to your health and physical well being.
4. Contact at least three licensed insurance providers, including your current health insurance provider to obtain premium quotes. Provide details about your insurance needs so the provider can quote an accurate premium for coverage. Ask about coverage options, the exclusion of pre existing conditions and residual benefits that help pay for bills and other expenses while you are on disability.
Things Needed Insurance quotes from licensed insurance providers
Tip Visit the Texas Department of Insurance to find a licensed insurance provider.
Warning Low monthly premiums may not provide enough coverage. Carefully review all insurance policies before making a purchase. Jones earned a Master of Fine Arts in fiction writing from Lesley University.
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