The Business Journal

Archive for the ‘Insurance’ Category

Though you might think it highly unlikely that you will ever become disabled,
either on the job or outside of work, you are mistaken. According to the Health Insurance Association of American, at age 40, for example, you have a 19 percent probability of suffering at least one disability lasting more than 90 days. If you miss work for a short time, your employer will probably provide shortterm sick leave.

You might also collect benefits from workers’ compensation if you were injured on the job. Other government programs, such as veterans benefits, civil service disability, black lung insurance for miners, and Medicaid for lowincome people, might also kick in. If you were injured in a car accident, your auto insurance will pay you a certain amount of cash for a limited period of time. And if you are a union member, you might be eligible for group union disability coverage.