Reasons To Buy Small Business Health Insurance in Morgantown and Beckley, WV

Being covered by an insurance policy can be beneficial for several reasons. Apart from life insurance that is only paid to the surviving beneficiaries after the insured person's death, disability insurance comes in handy during the lifetime of the concerned individual. Disability does not always refer to being handicapped for the rest of one's life. Instead, one may also claim short term disability insurance in Charleston and Morgantown, WV, as required.

It suffices to know that the insurance coverage will ensure payment of 40% to 70% of the lost wages. The eligible individual must return to work after a short period. The period of receiving the benefit varies between insurance carriers and the type of disability. The benefits are usually provided for 3 to 6 months. It is essential to know that the compensation is paid directly to the recipient who may use it as deemed fit and not be restricted to covering treatment costs. Interestingly, the employer may provide the short-term disability insurance plan as a group insurance plan. The terms & conditions depend on the group insurance type the employer provides.

Options Available

Disability insurance is not mandated by the State of West Virginia, contrary to California, New Jersey, New York, Puerto Rico, Hawaii, and Rhode Island. While a group insurance plan may include short-term disability, the premium payment process tends to vary depending on the specifics. It is essential to select the best plan from the following options:

· Traditional — the employer bears the entire cost

· Contributory — The premium is shared by the employer and employee

· Core buy-up —The employee may add additional coverage

· Voluntary — The employee is responsible for the disability benefit

Claims

Filing a claim is subject to specific terms & conditions. It is essential to get a medical check-up immediately after being disabled to file a claim at the earliest. The claim should include all required details about the disability to ensure success. The claim is usually likely to be approved within 7 to 14 days. The insured person begins to receive compensation within two weeks after filing the claim successfully.

Coverage

The extent of coverage is a significant factor. The coverage may vary depending on the type of disability. "The Council for Disability Awareness" lists the most common disability claims as:

· Pregnancy

· Strains, Fractures, And Sprains Affecting Muscles And Ligament

· Musculoskeletal Disorders Of The Spine, Back, Shoulders, Knees, and/or Hip Joint

· Gastritis and Hernias Along With Severe Digestive Issues

· Mental Health Conditions Such as depression and anxiety

Exclusions

Simply claiming temporary disability will not help one get the required benefits. While it is mandatory to check the employer's terms & conditions to determine the eligibility factor, it is essential to understand that self-inflicted injuries or criminal acts resulting in temporary disability will not be covered by insurance.

Shopping around for a suitable plan when buying small business health insurance in Morgantown and Beckley, WV, is essential.