Accident disability income benefits provide you with weekly income when you can’t work due to an accidental injury. You can select the weekly benefit amount to best align with your monthly income or household bills. Many independent contractors, small business employees and self-employed entrepreneurs don’t have access to short term disability benefits.
Accident Weekly Total Disability Income Benefit
Total disability is defined as an accidental bodily injury from a covered accident occurring while the coverage is in force, and the member is not able to engage in any employment or occupation for which he or she is or becomes qualified by reason of education, training or experience and is not engaged in any occupation for wage or profit. The primary insured must be gainfully employed at the time of the accident to be eligible for payment.
After an elimination period of fourteen (14) days, benefits are paid monthly for up to 90 days per disability due to a covered accident.
One Simple, Very Important Health Insurance Phrase People Don’t Know About
What are metal plans? The Affordable Care Act (ACA) introduced “metal plans”—Bronze, Silver, Gold, and Platinum—to help consumers compare coverage options based on the level of cost-sharing they offer. Each plan covers a set percentage, meaning policyholders are responsible for paying a portion of all healthcare costs out-of-pocket. Understanding the cost balance and the annual […]
6 Nov, 2024
How Supplemental Insurance Can Complement ACA Plans
FlexBenefits supplemental insurance products are designed to go hand-in-hand with Affordable Care Act (ACA) plans FlexBenefits works by providing additional financial protections for individuals who may still face significant out-of-pocket medical expenses. Although ACA plans offer essential health benefits and protect against major medical costs, there are still upfront high deductibles, copays, and coinsurance, which […]
25 Oct, 2024
Why FlexBenefits?
By Brian Dow, President When asked why we created FlexBenefits, the answer is clear: to address the growing burden of out-of-pocket expenses faced by many individuals in various health plans. This issue is not limited to the individual ACA market but extends to the Medicare Advantage market and the small group markets. Deductibles continue to […]
15 Aug, 2024