This plan can help cover the cost of financial difficulty caused by disability. It can help family & friends pay for costs related to disability as well at emergencies.
About EDD disability insurance:
EDD Disability Insurance is a job-based benefit that is claimed by an employee at the time of his/her hire, and is calculated according to the procedures outlined in Title 13 C.R. Section 7507.
-It really seems like a good idea. But lack of information & education about disability and insurance among disabled people makes it pretty much useless in practice.
Pros of EDD disability insurance:
EDD disability insurance Provides you with coverage in case you do suffer from an illness or injury that prevents you from working. Insurance offers a pension plan so that you are guaranteed income.
-You don’t have to put more money into retirement fund, with full cover if you had catastrophic health situation.
-It allows you to remain employed as you get older.
Pros of EDD disability insurance:
EDD disability insurance pays a portion of medical bills for your out-of-pocket expenses offers medical expenses benefits for disabilities and does not penalize with excess hospitalization payments.
-Will not cover the health insurance costs which are the biggest expenses for most workers.
-May be required to submit to expensive medical examinations and tests.
Cons of EDD disability insurance:
EDD disability insurance has a huge demographic that has no idea how to access disability insurance and can’t see that it can be a solid choice for many purposes. But its dedicated to helping people.