health sectionhealth sectionLong-term disability insurance pays you a monthly benefit if you're unable to work due to an injury, illness or other disability. You may purchase a long-term disability insurance policy for yourself, or your employer may provide the insurance as a benefit of your employment. Depending on who pays for the disability policy, you may owe taxes on the money you receive in payments. You'll need to report the payments on your income tax statement, and you may also need to make quarterly tax payments.
The death of a family member is often difficult for everyone involved. And it is not just a matter of emotions and dealing with the loss of a loved one, there is also the issue of dealing with the estate, and the many hours of work involved in cleaning up the personal effects and financial matters of the deceased. Recipients of any inheritance need to be aware of the potential consequences of receiving it, both in terms of taxes and in terms of impact on any means-tested benefits they may be receiving.
Disability payments and benefits are awarded to some individuals with diagnosed disabilities by the U.S. Social Security Administration. Payments are financial, while other benefits may include employment assistance, life and job coaching, Medicaid and other health insurance benefits and counseling services. To obtain disability benefits and payments, you must first be diagnosed with a disability that falls under the Social Security Administration's list of qualified disabilities.
Short-term disability coverage with Aetna provides a portion of your salary if you're temporarily disabled, either through sickness or injury. While injuries that happen at work are covered by worker's compensation, short-term disability care ensures that you don't lose all of your income during a non-job-related convalescence. The amount of money you get from Aetna's short-term disability plan depends on your salary, how long you're disabled and the level of coverage you've purchased. Be prompt with requested paperwork when requesting short-term disability benefits through Aetna.
Disability insurance provides financial support for workers who are no longer able to earn an income. Different programs have different benefit amounts, but all benefits are paid directly to the worker or a designated guardian if the worker is unable to handle money or have access to financial accounts. From the three major disability benefit providers---Social Security, Veterans Affairs and private insurers---the benefits can be lump-sum or monthly payments for the duration of the disability's time frame.
The U.S. government offers financial assistance to individuals with disabilities through two different Social Security programs, disability insurance (SSDI) and Supplemental Security Income (SSI). The disability payments offered through these programs can help you if your disability prevents you from being able to work. If you suffer from a severe mental disability, such as obsessive-compulsive disorder or manic depression, you might be eligible to receive disability payments. Elements to highlight on your Social Security application include your limitations and need for financial assistance.
The Social Security Administration (SSA) offers disability benefits to individuals who have a sufficient work history involving payment of Social Security taxes and are determined to be disabled. Disabled individuals without a sufficient work history may qualify for Supplemental Security Income (SSI), a public assistance program by SSA that provides recipients with a monthly check similar to disability recipients.
Asthma can be a debilitating condition that can prevent those who have it from working. At present, the U.S. Social Security Administration recognizes asthma as a disability and may provide disability payments to those who suffer from chronic asthmatic bronchitis and/or frequent attacks.
