DOES ANYONE OUT THERE CARRY DISABILITY INSURANCE?

EJD-LPN · Jan 22, 2000

HI, I LIFE IN FLORIDA AND I DO CARRY PROFESSION Liability Insurance IT COST ME ABOUT 70 DOLLARS A year TO FIND OUT MORE THERE ADDRESS IS WWW.NSO.COM JANE

Originally posted by adireen:
Hi, I am wondering if you have this, and if so, through whom, and how much does it cost you per month?

Thanks.

[This message has been edited by EJD-LPN (edited January 23, 2000).]

adireen · Jan 23, 2000

you are talking about professional Liability Insurance, I was talking about disability insurance; I think they are two separate beasts, no?

nurseyperson · Jan 23, 2000

Yes, I work PRN and therefore get no benefits. I get disability insurance thru my regular insurance company that insures our house and cars. This is a Kansas company, Farm Bureau of Kansas, so I would think any insurance company would have it. I cannot remember the specifics of the policy and it is buried in other paperwork, but it is not real expensive. I pay $150 biannually for about $1,000 per month. I know that isn't much income, but it would pay the bills. (We have our home paid off and don't have a lot of bills) If I remember right, I can get the money back in the future (when I retire or something, or buy it out like a life insurance policy if you want to; can't remember for sure).

Hope this helps. Look into your regular insurance company...you may get a discount for multiple policies.

And as for the above post, I get my nursing Liability Insurance thru Nurses Service Organization (NSO) also, but it was $89 per YEAR...not per week...just paid it this week.

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nurseyperson

[This message has been edited by nurseyperson (edited January 23, 2000).]

jkh · Jan 25, 2000

I pay $5.10 every two weeks for my disability insurance. The hospital I'm

employed at pays the rest. Plan will pay 60% of monthly earnins up to %5000.00! (not sure who makes that much). My previous employer paid all the disabililty insurance premiums.

Sharon · Jan 27, 2000

Aidreen,

I work in the managed disability area, which includes long term disability. More people have a need for disability insurance then life insurance. Most working adults are very underinsured when it comes to long term disability. Long Term Disability helps to protect you financially after you have exhausted sick leave and/or short term disability. 40% of my clients that use long term disability are under age 39.

As more and more conditions become chronic and partially disabling and more employers change from a sick leave policy to a paid time off policy; long term disability insurance will become even more important for financial security.

In Tuesday's (1/25/2000) Washington Post there is a good explanation of Long Term Disability Insurance and how it works.

http://washingtonpost.com/wp-srv/health/feed/a24729-2000jan25.htm

Margy · Feb 1, 2000

Hi everyone.. Im from Australia and I pay 105.00$ a month for income protection. Its very expensive here for nurses because statistically we cost money I guess... I wouldnt be without it tho..

Cheers

DeathRowRn · Mar 9, 2000

I carry disability insurance, as well as Liability Insurance. I have both through NSO. Here's an # you can call for more info on disability ins. --- 1-800-986-4630, it's called Nurses Income Protection Plan and can pay as much as $2,000.00/mo if an illness or accident keeps you from working.

I never thought I needed the extra insurance until I required surgery after an softball injury, requiring 2 months off my feet. I found out then, a bit too late, my employer only paid 1 day for evey day I've been employeed, and then at only 60% of my income. At that time I'd been employeed 3 yrs giving me only 36 days compenstaion, at $67 dollars/day compared to making $112/day normally. As you can see it didn't cover the entire 60 days i was off, nor was I compensated at my full pay. This was very hard on me and my family, I got behind on my bills and on top of dealing with recovery I was stressed by the lack of income coming in. With the NSO plan you can keep the plan even if you change jobs, unlike employee benefits, it pays in addition to what your employee benefits pay and there's an easy application to fill out, no medical exam necessary. I hope this helps you

DeathRowRn · Mar 9, 2000

Correction..... i was paid one day for every month I had been employeed....sorry.