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Don’t Overlook Disability Insurance

By November 11, 2022Insurance

Disability insurance is a great way to protect yourself from financial disaster if you become disabled. You’ll be able to provide for your mortgage, rent and groceries while clearing up medical bills with this policy! But, unfortunately, many people only think about it once they need it. And by then, it’s often too late. If you are among the majority of Americans who do not have disability insurance, it’s time to change that. In this blog post, we will discuss four reasons why you need disability insurance.

You could become disabled at any time

No one plans to become disabled, but the truth is that it could happen to anyone at any time. Whether you’re injured in an accident or diagnosed with a sudden illness, a disability can significantly impact your life.

If you’re unable to work, you may be worried about how you’ll pay your bills and support yourself and your family. That’s where disability insurance comes in. Disability insurance can help replace a portion of your income if you cannot work due to an injury or illness. In addition, it can give you peace of mind knowing that your family will take care of financially if something happens to you.

To protect your family

If you are the primary breadwinner in your family, your family may suffer financial issues if you cannot work due to an injury or sickness. Disability insurance is a great way to replace your lost income, which can help your family maintain their lifestyle. If you become disabled and can no longer work, it’s essential to have a plan in place to help financially support your family.

There are many different types of disability insurance, so it’s essential to research and find the right policy. Some things to consider when shopping for a policy include the following:

– How much coverage do you need

– What type of coverage do you need

– How long do you need coverage for

– Whether you want coverage that is taxable or tax-free

Be sure to talk with a trusted insurance professional about whether or not disability insurance is right for you.

Your health insurance will only cover some things

If you’re like most people, you probably think that your health insurance will cover anything. Unfortunately, that’s only sometimes the case. However, it can help you protect your living expenses and medical bills. This type of Insurance is essential because you never know when you may need it.

To protect your retirement

If you cannot work due to an injury or sickness, you may have to retire early, impacting your ability to save for retirement. You’ve been diligently saving for retirement, but have you considered what would happen if you became disabled and could no longer work? Your ability to earn an income is your biggest asset; if you can’t work, your retirement savings could quickly disappear. Disability insurance replaces a portion of your payment if you can’t work due to an illness or injury and can help ensure that you can maintain your lifestyle in retirement.

Types of Care That Your Insurance May Not Cover

Some types of care are not covered by Insurance or only partially. Here are some examples:

  1. Alternative care: 

Alternative care includes things like acupuncture, chiropractic care, and massage therapy. Unfortunately, insurance companies may not cover these services, or they may only cover a portion of the cost.

  1. Cosmetic procedures: 

Most insurance plans will not cover cosmetic procedures like botox injections or facelifts.

  1. Dental care: 

Dental care is often not covered by health insurance plans. That can include routine dental checkups and more extensive procedures like braces or dental implants.

  1. Vision care: 

Vision care is also often not covered by health insurance plans. That can include routine eye exams and glasses or contact lenses.

  1. Prescription drugs: 

Health insurance plans typically cover prescription drugs, but some restrictions may exist. For example, some plans only cover generic drugs, while others may limit how much you can spend on prescriptions each year.

You must check with your insurer if you need to figure out what your health insurance plan covers. They will be able to give you a list of what is and isn’t covered. Also, remember that even if your Insurance doesn’t cover something, you may still be able to get financial assistance to help pay for it.

Why Choose Kind Insurance:

Kind Insurance strives to make getting coverage simple and enjoyable for you. With our kind service, we can provide peace of mind knowing that your needs will be met no matter what comes up! We are proud to be based in Lemoyne, PA, serving clients throughout Pennsylvania. We also license our services across seven other states!