Short-Term Disability vs. Long-Term Disability

Short-term disability and long-term disability are both coverages worth exploring. Knowing the differences between them is a crucial first step in determining the policy that meets your needs.

How Long Will It Take To Get Benefits?

Short-term policies can provide benefits more quickly than long-term disability policies. However, most short-term policies have at least one waiting period before you can receive benefits. For example, there could be a 14 day period after an injury and a longer period after an illness.

Long-term disability policies usually have a waiting period of 90 days, but waiting periods are typically between 30-720 days.

How Are Disability Plans Purchased?

Short-term and long-term disability plans can both be purchased from insurance companies. Many employers also offer disability policies as part of their benefit packages.

How Costly Are Disability Insurance Policies?

Long-term policies tend to be more expensive due to the potential length of benefit payouts. If you can only afford short-term or long-term disability, long-term is the right choice. A long-term disability policy can protect your income and wellbeing for decades.

In the event of a short-term illness or disability, you have other options. Worker's compensation, Social Security and other protections may be available to make ends meet.

Get Help With Your Disability Claim

DarrasLaw can take care of your insurance claim so you can focus on managing your injury or illness. Call us today at 800-458-4577 or email us to schedule your free consultation.