3 things to know about disability insurance during a global health crisis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

If you contract the coronavirus and cannot perform the regular duties of your job, you'll need a doctor's note to certify your condition before you can submit a claim for disability insurance benefits

And while employers have largely asked employees whose jobs can be conducted remotely to work from home, not everyone has that luxury. For instance, many restaurants and bars are closing indefinitely, leaving thousands, if not millions, of service workers on unpaid leave or even out of a job completely.

"There is no specific exclusion for coronavirus, but whether you're covered or not will be dependent on: What are the duties of your occupation? And if you contract the coronavirus, how does it affect your ability to complete those duties?" Mancuso explained. Disability insurance policies have an elimination period — sometimes called a waiting period — which is how long you have to wait before your benefits will start paying out. It's like a deductible on your health insurance or auto policy, but instead of money, it's time. Typical elimination periods range from 30 to 90 days. If your disability is going to last longer than your elimination period, as determined by your doctor, then you may qualify for benefits.

However, it's not as easy in the age of coronavirus to visit a hospital or doctor's office, and the US is facing aas it is. In a widespread effort to "flatten the curve" — or reduce the number of people who are sick at the peak of the virus' spread — local and state governments are encouraging people to hunker down at home for the foreseeable future.virtual appointment

is a way to do that," Mancuso said. "As long as the doctor's note says that the insured is too sick to perform the duties of their job, they may not need a specific COVID-19 test to file a disability insurance claim, but it definitely wouldn't hurt."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Very usefu article

How does one acquire a doctor's note, if there aren't enough doctors available to write such a note? They're kind of busy right now.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Macy's CEO tells employees he won't be paid during the coronavirus crisis - Business InsiderIn an email to employees on Wednesday, CEO Jeff Gennette said the company must take 'unusual measures to conserve cash throughout the crisis.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business Insider10 things in tech you need to know today
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business InsiderHackers tried to infiltrate the World Health Organization.
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 things in tech you need to know today - Business InsiderHackers tried to infiltrate the World Health Organization. 1 thing i know she is cheater
Source: BusinessInsider - 🏆 729. / 51 Read more »