Skip to main content
Menu File a Claim Login
American-Fidelity-logo
Menu
Menu File a Claim Login
American-Fidelity-logo
American Fidelity Logo American Fidelity Logo
  1. Strategy
      •  
      • Employee Benefits
      • Communication and Education
      • Enrollment and Admin
      • HR Assistance
      • Tax Savings
      • Compliance Updates
      •  
  2. Products
      •  
      • Benefits
      • Dependent Verification
      • HR Technology
      • Reimbursement Accounts
      • Retirement Savings
      • Section 125
      •  
  3. Why Us
      •  
      • For Education
      • For the Public Sector
      • For Automotive
      • Account Managers
      • Customer Testimonials
      •  
  4. Blog
      •  
      • Benefits Strategy
      • Reimbursement Accounts
      • Supplemental Benefits
      • Customer Stories
      • Compliance Updates
      •  
  5. Support
      •  
      • COVID-19
      • Employer Assistance
      • Videos
      • Contact Us
      •  
  6. Claims
      •  
      •  
Login
 
 
American Fidelity Logo

3 Questions You Should Ask About Disability Income Insurance During Your Benefits Enrollment

May 07, 2019

3 minute read

Category: Supplemental Benefits

woman at computer

Electing disability insurance can be one of the most important choices you’ll make during your benefits enrollment. When you choose disability insurance, you are choosing to help protect your income and your family in case you are ever unable to work because of a covered injury or illness.

Walk into your next enrollment prepared with the following questions.

1. How much disability insurance do I need?

When considering how much disability insurance you need, you should consider the amount needed to pay for your financial obligations if you were to lose your income due to a disability. The maximum benefit amount is typically around 60% of the insured’s salary – meaning, if you select the full benefit amount, you could receive up to 60% of your salary for the duration of a qualified disability.

Also, be sure to consider the elimination period or waiting period for a disability policy. This is the amount of time an insured must be disabled before benefits are payable. Because of this, you should consider how long you can go without receiving a disability benefit payment.

Many employers offer a variety of plans. For example, let’s say your employer offers a 90-day plan, a 30-day plan, and a 14-day plan. A 90-day plan means that this policy has a 90-day elimination period. During enrollment, you will choose how long your elimination period will be and the amount you will receive beginning on the day after your elimination period.

Be sure to carefully evaluate your employer’s specific plan offerings before making a decision.

2. What disabilities are covered?

In general, a disability is something that prevents you from working, such as a major injury or illness. Your specific policy will explain how to qualify for benefits, including exclusions and limitations.

3. What is a pre-existing condition?

A pre-existing condition is a condition for which you have received treatment, incurred expense, taken medication, or received services, a diagnosis, or advice from a physician during the period described in the policy immediately before the effective date of coverage.

Before purchasing your policy, you should discuss any concerns or questions you might have about pre-existing conditions with your account manager. They will be able to walk through your policy with you.  

Prepare for the Unexpected

We understand that choosing your benefits is a big decision, but it shouldn’t be stressful. Before and during your enrollment, American Fidelity offers educational materials, videos, group meetings, and/or one-on-one benefit reviews to help you understand your options. Because disability insurance has many nuances that can be confusing to understand, we want you to feel confident about your choice to help protect your income.

 

This blog is up to date as of April 2019 and has not been updated for changes in the law, administration or current events.

  • Tags:
  • Disability
  • Enrollment

Share:

 

Related Disability Articles

 

Short- vs. long-term disability insurance: How it works

October 28, 2022

4 minute read

Both plans are designed to help protect you financially, however, depending on your situation, one may be more beneficial than the other. Learn more.

  • Tags:
  • Disability

Disability insurance vs. critical illness insurance: Which is better for you?

May 10, 2022

2 minute read

Are you trying to decide between disability insurance and critical illness insurance? Learn why it may be important to have both.

  • Tags:
  • Critical Illness
  • Disability

Heart-healthy tips for American Heart Month

February 15, 2022

3 minute read

With heart diseases being one of the leading causes of death in the U.S., it’s important to learn what steps you can take to help prevent them.

  • Tags:
  • General
  • Wellness
  • Critical Illness
  • Disability
  • Gap
  • Education

 

Disability Income Insurance: This product may contain limitations, exclusions and waiting periods.

ESB-7473-0419

American Fidelity Assurance Company
americanfidelity.com

https://americanfidelity.com/blog/supplemental/3-questions-about-disability/

Site Map

About Us

News Center

Careers

Contact Us

© 2022 American Fidelity Assurance Company

  • Privacy Notices |
  • Report Fraud |
  • Terms of Service |
  • Licensing |
  • Special Notices |
  • Cameron Enterprises

Disability Income Insurance: This product may contain limitations, exclusions and waiting periods.

ESB-7473-0419

  • File a Claim
    Login
  • Home
  • Benefits Strategy
    • Employee Benefits
    • Communication and Education
    • Enrollment and Admin
    • HR Assistance
    • Tax Savings
    • Compliance Updates
  • Products
    • Benefits
    • Dependent Verification
    • HR Technology
    • Reimbursement Accounts
    • Retirement Savings
    • Section 125
  • Why Us
    • For Education
    • For the Public Sector
    • For Automotive
    • Account Managers
    • Customer Testimonials
  • Blog
    • Benefits Strategy
    • Reimbursement Accounts
    • Supplemental Benefits
    • Customer Stories
    • Compliance Updates
  • Support
    • COVID-19
    • Employer Assistance
    • Videos
    • Contact Us
  • Claims
  • Careers
    • Corporate Careers
    • Sales Careers
  • About Us
  • Site Map

Popular Topics:
  • Register for an Account
  • Forms
  • Unused FSA Funds
  • HCFSA Eligible Expenses
  • Carryovers, grace periods and runoff periods
  • HSA Eligible Expenses
  • HSA Tax Forms
  • Disability Tax Forms