Disability Insurance

Protection for your income and your family's way of life

What Is Disability Insurance?

Many people have life insurance. They know that their family will need more support if they pass away. Too often, though, they don't realize that disability insurance may be just as—if not more—important than life insurance.

Think of disability insurance as insurance for your salary. It provides you with a portion of your income if can't work due to an injury or illness. Depending on the type you choose, it can replace 40-70% of your base salary.

This protection can help pay for a lot, including:

  • Your mortgage or rent
  • Car payments
  • Student loan payments
  • Medical costs
  • Child care or education costs
  • Daily living expenses
  • Small business expenses

At Adroit Health Group, we know this extra protection is important. If you're unable to work, you'll not only need to help your family, you'll also need help with your ongoing living expenses and medical care.

Disability insurance is a crucial piece of your overall insurance coverage. At Adroit Health Group, we provide customizable options for today's families. We help bridge the gap, offering benefits beyond traditional insurance plans.

You save money. We provide peace of mind.

Our new member representatives are always available Monday through Saturday, 8 AM to 7 PM (Central), and customer service for current members is available Monday through Friday, 8 AM to 7 PM (Central). We have disability insurance plans in over 40 states. We'll discuss options that work for your family, and answer any questions you have.

Do I Need Disability Insurance?

You may be thinking that you won't need disability insurance any time soon, especially if you're young or work at an office job. Unfortunately, that's not always the case.

According to the Council for Disability Awareness:

  • Over 37 million people in the U.S. are disabled
  • More than 50% of disabled people are in their working years (ages 18-64)
  • A typical 35-year-old woman who works a desk job has a 24% chance of becoming disabled for three months or longer during her career

Also, it's not necessarily for major, catastrophic injuries that can occur in physical jobs. More often, the most common conditions related to disability insurance claims are:

  • Muscle, bone, and joint conditions (such as chronic back or neck pain)
  • Cancers
  • Heart conditions
  • Mental health disorders

Remember, your most valuable asset isn't your home or car. It's your ability to make a living.

Long-Term vs. Short-Term Disability Insurance

You have a few options when it comes to disability insurance. The two major ones are long-term and short-term disability insurance. Some people choose to have both short- and long-term coverage, especially if one is offered through their job.

These plans can replace a portion of your income, but they differ in some key areas.

  • Benefit term: Short-term covers disabilities for a few months to a year. Long-term can cover you until your disability ends or retirement age.
  • Waiting period: Long-term policies often have a 90-day waiting period (or longer). Short-term insurance waiting periods may only be two weeks.
  • Payout: Short-term policies typically pay for a larger percentage of your salary—up to 70%. Long-term options may only pay 40-60% of your base salary.
  • Added features: Disability insurance can come with additional benefits, such as workforce training, small business coverage, or cost of living adjustments.

Adroit Health Group offers both long- and short-term disability insurance through American Fidelity Security Life.

What Are My Other Disability Insurance Options?

Before purchasing disability insurance, look at what options you already have.

Many employers offer short- or long-term disability coverage to their employees. Some states, like California and New York, require employers to do so. Your employer may provide full disability coverage, or they might offer plans at reduced rates. With your existing health insurance plans, this provides good coverage for unexpected illnesses or injuries.

Do note that disability insurance is also different from workers' compensation, another protection your company provides. Workers' comp helps replace wages and covers medical costs if you're directly injured on the job.

If you're self-employed or benefits aren't offered through your work, you may have other options. These include:

  • Social Security Disability Insurance (SSDI) program
  • Veterans Administration disability benefits for eligible veterans
  • Access to union or civil servant disability programs

Fully research your options before making a decision about your disability coverage. Note, though, that many federally supported benefits (like SSDI) are typically not enough to fully cover your cost of living. SSDI benefits, for example, only have an average monthly payout of $1,130.

The National Association of Health Underwriters has a pamphlet that covers these options. You can access it here. You can also contact Adroit Health Group for more information. Feel free to give us a call at 1(800) 269-3563 or send us an email. Our customer service team is always here to help you learn more about your insurance options.

How Does Disability Insurance Work?

Disability insurance is an added protection for you and your family if you're injured. It's insurance for your paycheck and for your family's continued way of life.

First, your plan will have a defined waiting, or elimination, period. This is the amount of time you must wait before filing a disability claim.

Short-term disability insurance plans usually have a shorter waiting period. They may be as short as two weeks. You can save money when choosing a long-term disability plan by extending your waiting period. Some start within a few months, while others may not begin for a year.

Once you've met your waiting period, disability insurance kicks in if you suffer from a covered injury or illness. Some plans cover a broader category of disability that prevents you from working at your current job. More limited plans only cover certain disabilities that could stop you from working altogether.

Many people are only out on disability for a few weeks. Others may be unable to work indefinitely. During this time, disability insurance coverage pays out benefits directly to you. It depends on your plan, but this is typically 40-60% of your base salary. Most plans do not cover any bonuses or commissions.

Short-term disability benefits will often start immediately, and cover shorter periods (typically no longer than a year). If you have long-term disability benefits, they can last through retirement age or the end of your disability.

If you've purchased additional features under a long-term disability plan, your payout may increase with inflation and cost of living expenses over time. Some plans also offer workforce and occupational therapies programs. These help you return to work in the same or a similar role.

Do I Qualify For Disability Insurance?

Remember that disability insurance is different from standard health insurance. It's a complementary product that protects your income if you were disabled and unable to work. Because of this, the majority of people do qualify for this protection.

What may differ is the cost of your plan. If you have additional health challenges and risks, or a dangerous work environment, you may have a more expensive policy. We'll discuss this in more detail below.

Adroit Health Group has helped people nationwide find customized insurance options for them and their families. Whether you run your own business or don't have access to disability insurance through your job, we can help you find a solution that protects your family's way of life.

Give us a call at 1(800) 269-3563 or send us a message to see if you qualify for one of our short- or long-term disability insurance plans.

What Affects Disability Insurance Cost?

The cost of disability insurance is usually around 1-3% of your annual income. However, a variety of factors can influence this.

Your policy cost will depend on personal factors such as:

  • Age
  • Current health
  • Gender
  • Lifestyle habits, such as drinking or smoking
  • Occupation
  • Income

Your policy cost will also vary based on the policy you choose, including factors like:

  • How the policy defines disability (either broader or more specific)
  • The length of the waiting period, or elimination period, before your benefits start
  • Length of benefits
  • Additional features, like cost-of-living adjustments for long-term disability insurance

Our team at Adroit Health Group can help you review all the factors that influence the cost of disability insurance. That way, you can find the most affordable level of protection for you and your family.

When Should I Get Disability Insurance?

Each person has to make their own decisions about insurance and their health. It's a personal decision, reflecting:

  • Your unique health situation
  • How much money you have in savings
  • How much insurance you can realistically afford
  • What other disability benefits you have available to you
  • How many people depend on your income
  • Whether or not your family could survive without your salary

After you've thought about these factors, give us a call at Adroit Health Group. It's important to us that you fully understand what disability insurance covers. Our team members can help you calculate your potential savings or costs.

The information on this page is only the beginning of how we can help at Adroit Health Group. Your costs and benefits will depend on what coverage you decide on and your personal health history. We believe you should have access to disability protection that works for you and your family.

If you're ready to learn more, give us a call today to explore your options.