What are the income options when on disability?

There are three basic ways to replace income:

  • You may have short term sick leave through your place of employment ~ or they may provide a group disability plan. You should check with your employers benefits coordinator.
  • Social Security disability benefits can be paid to workers whose disability is expected to last at least twelve months and prevents them from being gainfully employed.
  • An individual disability income insurance policy will replace between 50% and 70% of your income. Although less than your normal income, the benefits under this policy are not taxable as income.

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