The Benefits of Income Protection from The Hartford
What is Disability Insurance?
Disability insurance is protection for you income that can be applied either in the short term or the long term. It is used to replace your income when you are not working.
What is the difference between Health Insurance and Disability Insurance (Income Protection)?
Health insurance is used to pay doctors and hospitals. It does not cover other bills and expenses. Disability Insurance pays you when you run out of Sick Days and Sick Leave so that, if you are out of work, you can still cover your essential bills and expenses.
What about the difference between Disability Insurance and FMLA?
FMLA protects your job while you take off up to 12 weeks in a 12 month period. However, FMLA might not offer paid leave. Income protection does. FMLA can be used when a family member has a medical issue but, your current income protection policy protects only you or your spouse’s salary. If you have Sick Leave it may convert to FMLA.
What are the benefits of Disability Insurance?
Disability Insurance pays you in cash to cover your every day bills and expenses if you need to take off from work. It pays on top of the benefits you receive from the Board of Education and your health insurance, neither of which will cover all of your expenses. In addition, the Hartford offers exceptionally low rates, including low rates for spousal coverage.
How does the Hartford cover you?
- Pays based on your annual income
- Pays you up to 2 years or up to age 67.
- Pays for off or on the job accidents (when it is not paid by Workmen’s Compensation or Sick Leave)
- Provides payment for surgery or illness if you are out of leave
- There is no waiting period – begins on the first day you are out of work without pay
- Provides Short Term or Long Term Disability Insurance for spouses.
Financial Protection for Spouses from the hartford
The Hartford Disability Insurance for Spouses can cover your spouse’s salary if he or she is out of work.
Why does your spouse need disability insurance under this policy?
If your spouse is an independent contractor or owns their own company, they often do not have disability insurance. If your spouse needs to take days off from work due to an illness or accident, they will be missing pay.
Why isn’t health insurance enough?
Health insurance is meant to cover the cost of medical bills – it pays the doctors, not you. When you are out of work, it does not cover the cost of bills and expenses.
What does the Hartford offer to my spouse that other insurance companies do not?
The Hartford policy through PGCEA is the only insurance company that offers disability insurance for spouses. Individual plans may pay up to $4000 a month in benefits. The Hartford offers protection with rates averaging $7.00 to $30.00 per pay depending on their age and salary.
In 2010, 23% of all independent contractors were not covered by insurance
**“Data Spotlight: Independent Contractors On The Rise” by Joshua Wright
My spouse currently does not have Disability Insurance. Why do they need it now?
Health insurance will cover the cost of medical bills, but will not pay for the bills you pay normally (groceries, heating and air conditioning, cable…) when you are out of work. Disability insurance covers your bills if your spouse is on leave and isn’t paid.
What are the benefits of Disability Insurance?
Disability Insurance pays you in cash to cover your every day bills and expenses if you need to take off from work. It ensures you don’t miss pay because you are out of work.
36% of people say that if they became disabled, they would depend on their spouse’s income.
**CDA 2010 Consumer Disability Awareness Study
What is covered?
Depending on your plan, disability insurance:
- Pays based on your annual income
- Pays you up to 2 years or up to age 67.
- Pays for all on and off the job accidents after a 60, 90 or 180 day wait
- Provides payment for surgery or illness if you are out of leave
Contact an EPS Consultant for more information about coverage to supplement your current health insurance and sick leave. Call 1-877-884-3784 or email [email protected] – we will consult with you at your school or in your home.
