Search thousands of topics on CostHelper

BROWSE ALL TOPICS >> babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business sports weddings
CostHelper > Personal Finance  > Insurance > Disability Insurance

Disability Insurance Cost


How Much Does Disability Insurance Cost?

 
 average costRange: 1-3% of salary 
post Post    
  Typical costs:
  • Expect to pay between 1 percent and 3 percent of your annual salary for a good disability plan, according to DisabilityQuotes.com[1] . That works out to $600-$1,800 for someone earning $60,000 a year.
  • Disability insurance provides income to help pay your living expenses if you are unable to work for a significant length of time because of injury or illness. Generally benefit payments are 60 percent of your total salary.
  • Short-term disability polices have a waiting period of 0-14 days and pay benefits for no more than two years. Long-term disability policies usually have a waiting period of several weeks to several months and benefits could be paid a few years up to the rest of your life, depending on the policy terms.
  • States such as Hawaii, New Jersey, New York and Rhode Island requires employers to provide disability benefits for up to 26 weeks, according to the Insurance Information Institute[2] . Some employers provide short-term disability insurance, although often the employees have to pay the premiums.
Related articles: Health Insurance, Life Insurance, Long Term Care Insurance

Discounts:
  • Premiums are lower for policies with a longer waiting period before benefits begin and/or a shorter benefit period.
Shopping for disability insurance:
  • The Federal Citizen Information Center[3] gives a detailed overview of long term disability insurance, listing common terms and tips for buying.
  • Insurance4USA.com[4] provides online quotes.
  • Your state insurance department can give you a list of registered disability insurance companies in your area. The National Association of Insurance Commissioners gives links to these state offices[5] and has a database to search for financial details and complaint histories for specific companies.
post Post    
CostHelper News


10 Quick and Inexpensive Home Makeover Projects To Do While At Home
You may not be able to host the large family gathering for the holidays, but there are still many ways to pick up items curbside to spruce up your indoor space for your everyday enjoyment and to bring a more festive spirit. || Posted December 30 2020


7 Lesser-Known Discounts for the 50+ Crowd
As they age, members of the Baby Boomer generation don't like to admit that they're senior citizens, but they love getting discounts. It's kind of a quandary, because some of the best deals available are reduced prices for older folks. || Posted October 21 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With Disability Insurance
 
Subject:  *
Amount Spent:  * per month
Percent of Salary: Coverage: 
Insurer: Policy: 
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  www.disabilityquotes.com/disability-insurance/disability-insurance-cost.cfm
  2.  www.iii.org/individuals/disability/employer/
  3.  publications.usa.gov/USAPubs.php?PubID=6042
  4.  www.insurance4usa.com/disability.cfm
  5.  www.naic.org/state_web_map.htm
More Personal Finance Topics
Check Out All Costs for Personal Finance How Much Do Funeral Flowers Cost? How Much Do Tax Returns Cost? How Much Does Closing a Home Cost?

Search Thousands of Topics on CostHelper.com

 
Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Small Project for Aboveground Pool
Paid: 200.00
We asked our normal gardener who charges $40 a visit to level a small rectangle of our backyard (30'x15') for an aboveground pool.We asked for an estimate, and at first they said $450, and we asked for what? We don't need sod... [more]
-Needed leveling for a pool
Land Grading Cost
Whoa! Too much.
Paid: 812.02
Ridiculous. W.O. insurance : $2,822.06 With Insurance: $812.02Sounds like double billing insurance fraud... [more]
-Heartfailure121
Blood Tests Cost
Extraction & bone graft
Paid: 986.00
Had an almost 10 year old crown that formed an abscess. Chose to have extracted with bone graft to eventually get an implant. Original quote $1,760 but he took pity on an ER nurse with no dental insurance and discounted to $986... [more]
-ErikainYuma
Dental Bone Graft Cost
Shingles Vaccine Joke
Paid: 190.00
Medicare doesn't cover it. Blue Shield supplement doesn't cover it. Humana prescription supplement doesn't cover it. Cheapest is WalMart local pharmacy for 190. I don't know if I'll shell out that much... [more]
-Beahah
Shingles Vaccine Cost
Molar extraction and bone Graft
Paid: 1724.00
Modern Dental Care in Vegas charged me 1724 for Extraction and bone graft... [more]
-Fereshteh
Dental Bone Graft Cost
Soft washing decking and roofs
Paid: 0.00
My first year soft washing houses in the Philadelphia area. My prices are questionable and I want to get it right. Currently I’m charging 15 per foot for a house wash (20 if it’s stucco) 30 per foot for a roof wash... [more]
-John Francis
Cleaning a Deck Cost