According to the Social Security Administration (SSA), almost a quarter of individuals who are 20 years old will face a disability that interferes with their ability to work before they reach 67. Disability insurance is essential, as it can substitute lost income if you’re unable to work due to a health issue not related to your job. In 2023, nearly half of U.S. workers had disability insurance, based on data from Guardian® Insurance.

There are two types of disability insurance; short-term and long-term. Short-term disability insurance, also known as paid medical leave, replaces your income if you’re unable to work due to a temporary health issue. This type of insurance typically lasts between three months and a year. Reasons for payouts commonly include accidents, injuries, illnesses, pregnancy, and maternity leaves.

Meanwhile, long-term disability insurance is designed for more serious illnesses or injuries. It can replace between 40% and 70% of your income for as short as 24 months or can extend until the remainder of your working years.

Supplemental disability insurance, on the other hand, covers gaps in an employer-sponsored short- or long-term policy. It provides higher payouts, longer coverage periods, and tax-free benefits.

Disability insurance helps anyone dependent on a regular paycheck, especially those with dependents. The best time to get disability insurance is before it’s needed, in order to avoid high premiums or rejection. If your employer’s coverage is inadequate, an individual disability insurance policy could be a viable alternative.

However, if you’re unable to work due to illness or injury, it can be difficult to navigate these procedures and communicate with the relevant entities. That’s why eddcaller.com is a valuable resource. Whether you’re seeking to get a deal with Paid Family Leave or contact SDI, or just want to know how to contact edd or looking for California unemployment customer service, eddcaller.com makes the process easier. Their website helps you get through numerous regulatory complexities and provides key information in a handy and accessible platform.