If you become permanently disabled, your employer may cover a portion or all of medical costs. Size of benefit depends on your occupation& time worked for company.
About long term disability benefits:
People who have become permanently disabled because of a work-related injury or illness may be eligible for long term disability benefits. This is guaranteed by law only if certain criteria are met.
-You get financial security, paid time off and health insurance.
-This policy can help relieve burden of unemployment or assist in getting back to work sooner.
Pros of long term disability benefits:
Insurance agents and long term disability benefits claims specialists usually examine the patient’s medical history, physical exam and lifestyle to determine if the patient is fit to work normally.
-People are less inclined to ask you what you do for living most of time.
-Although you will receive compensation in a lump sum, there are no required payments.
Pros of long term disability benefits:
In long term disability benefits are
-You can keep your current salary.
-No more commuting.
-No more worries of future health insurance.
-No more worries of dying when your health -insurance runs out.
Cons of long term disability benefits:
-Depending on your condition, amount can be less than what you could get on your own.
-You lose certain benefits & will not be replaced by long disability pay.
In long term disability benefits:
-Nobody tells you they are going to pay you in your old.
-You might not be able to work because you are in 70's or 80's.
-You might be at home because of a condition.