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Basic advantages and disadvantages of short-term disability insurance


According to the Social Security administration, 3 out of 10 workers have a good chance of becoming disabled at some point. If you were one of those people, would you be prepared to endure the financial impact that might appear in this kind of situation? Unless you have other financial sources that you can use to pay off your mortgage or other monthly financial obligations, it would probably be a good idea to purchase short-term disability insurance.

Work-related injuries are generally covered by workers compensation. Of course, as you may have already guessed, out-of-service injuries are not. It may very well pay a percentage of your monthly income or a rate that will need to be paid on a weekly basis. Employers can offer short-term disability insurance from 6 weeks to 2 years, with a restriction on how much you can receive during a certain period. In order for you to be eligible, you will need to work for a certain period of time. Employer group coverage may even be available to you for free and for a fee.

If, by chance, your employer doesn't offer you any coverage or if you just want to purchase additional coverage, you might consider purchasing individual short-term disability insurance. Unlike employer coverage, individual insurance coverage will be limited depending on your state of health. Beside that, individual insurance coverage is generally more expensive in many situations. Individual coverage, just like employer protection, normally gives you coverage for up to 2 years. With this type of insurance, you are able to determine the percentage of your own monthly income that you want to repay.

As you may have already noticed, short term disability insurance has its pros and cons and only you know what the right decision is.

Willis J. Watson has been a freelance writer since 2006 living in the United States and writes about how he benefits from the most ... insurance policies. If you want to know more about occupational disability insurance.

The Right Health Insurance Provider For You: A Few Options


Health insurance plans fall into several different categories. Each has its advantages and disadvantages.

Catastrophic health insurance plans are designed to help you meet the costs if you are faced with a real medical emergency. A medical emergency is defined as a chronic illness like diabetes or a sudden condition like cancer. This form of insurance will provide you with coverage once you reach a specific deductible. After this point, most if not all of your medical expenses should be covered. This can be a good option if you are currently young and in good health and have at least some savings to meet your basic deductible.

Another form of insurance is a reduced plan. Minimized plans are offered by some employers. You could pay as little as fifteen or twenty dollars a month. In return, you get a few limited services, including access to a certain number of doctor's visits each year. Some plans also offer health care for more serious illnesses such as asthma or heart disease. Unfortunately, copycat plans are expensive in the short term and don't offer a lot of coverage if you really need it. Many of these plans are not really suitable for most people, even very healthy ones.

Comprehensive insurance is designed to meet all of your medical needs. Many people have comprehensive plans with an employer or spouse. It is probably the best form of insurance if you can access it. For as little as $ 100 per month, most of your medical expenses should be covered by this type of plan. Unfortunately, many people are denied access to this type of medical insurance if they suffer from a pre-existing illness or if they lose their jobs. Some states allow many people to access this form of health care even if they suffer from such conditions. Check with your state representative.

Medicare and medicaid are forms of health insurance administered by the state and the federal government. The first is used by the elderly and disabled. The second concerns low-income people. If you can benefit from this type of medical plan, most of your medical needs will likely be met. Eligibility depends on your income, citizenship status, and annual income. Many states also offer insurance designed for the needs of children. Even if the adult in the family does not have insurance, a child may still be eligible. Having a child covered is a great way to allow yourself to meet other medical needs. You may be able to purchase individual health insurance and thereby save money. Eligibility depends on your family's income and immigration status.

The right plan for you depends on many factors. Look carefully before making a choice. A plan should cover as many medical issues as possible without huge financial risk.

Pros and Cons of Wellness Programs


At the level of society as a whole, public health standards have declined dramatically in many ways in recent years. As the number of health problems increases, the average level of physical activity on the part of individuals decreases. It has also contributed to the decline in the general health of the population.

In order to curb this troubling trend, organizations have begun to design (or implement externally designed wellness programs). The fundamental objective of these programs is to improve the emotional and physical health of the target group of employees.

The idea behind any wellness program is to improve the health of the individual. This effort is often initiated by insurance companies, businesses and non-profit organizations for their employees or other stakeholders. The programs address health issues, including the emotional, physical and mental dimensions of a person's life. They seek to change the lifestyle of program participants by increasing their level of physical activity and changing their eating habits.

Many companies offer participation incentives such as freebies, vacation days, and even insurance premium reductions. The success of the whole program will depend on the nature of the target group.

The advantages and benefits of implementing well-managed wellness programs are profound and important. A better lifestyle - accompanied by increased physical activity - will lead to a reduction in common health problems like cholesterol, diabetes, obesity and stroke. A happy and fulfilling life is not possible without adequate health.

For businesses, as well as for small and medium-sized businesses, wellness programs help increase job satisfaction. Having healthier employees helps the company control health care costs and increase worker performance. An increase in the vitality and health of the employee has a direct correlation with his efficiency in the workplace. Stress management can also be treated effectively through wellness programs.

While wellness programs have their benefits, they also have their challenges. On the one hand, the fundamental success of any program depends on the enthusiasm of the participants. Most people tend not to participate in such programs with the necessary motivation or energy. It is often difficult for individuals to take the time to take such initiatives. In employee wellness programs, the primary issue is the company's ability to create an atmosphere of active participation, while committing the necessary resources to support the program. The start-up investment is often substantial and will take time to actually be realized in the form of bottom line savings. Many employees also have privacy concerns, as many of these programs involve a full assessment of their health. Often, the employees who would benefit the most also lack the motivation to join.

The guiding principle of any corporate wellness program is quite simple: It is an attempt to make people's lives better and more productive. Lack of physical activity, coupled with a poor diet, will usually lead to higher health costs. The benefits associated with such a program are obvious and can never be underestimated. The fundamental obstacle to the success of any given program is chronic lack of motivation. It is only when the individual commits to rectifying their lifestyle that such a program can be truly effective. 
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