As companies are cutting back, fewer employees are offered disability insurance as part of their "job perks," which is true for government and non-government jobs. It is now up to workers to purchase their own disability insurance coverage that will provide much-needed income benefits, if they find themselves with a medical condition that prevents them from working.
There is no question that purchasing disability insurance can be a confusing process and it is hard to understand what exactly is covered. The Wall Street Journal has reported that policies sometimes, "include conditions that make it tough for people filing claims to actually qualify for benefits." Some policies restrict the types of illnesses that are covered.
According to the article, "Just in Case: The Skinny on Buying Disability Insurance," posted on WSJ.com, as a consumer, you need to understand what benefits you are currently able to access and think about purchasing additional coverage to fill in the gaps. For example, do some research so that you know what the government provides, then determine if your employer has anything to offer in terms of disability insurance.
If you make the decision to buy disability insurance coverage, you need to figure out your anticipated expenses, if you were to become disabled. Knowing the amount of coverage you need, will help you plan.