Long Term Disability?

[neadods]

The new job has an option to opt in for long-term disability payments. Part of me says "do it, you never know." The other part says "it's an equal gamble that you'll never need it and you could do other things with the money." Dad doesn't have an opinion either way, so I turn to the fount of all knowledge, the friends list.


[Poll #1163699]

Comments

[faireraven.livejournal.com]

LTD doesn't *really* keep you on your health insurance. It depends upon the plan, really. Usually it's up to your company (and they aren't required to do so after the first three months). However, it will help ease the transition to COBRA (COBRA is generally only good for 18 months in general, and up to an extra 12 months above that if you get the extended coverage due to disability. Medicare doesn't kick in until 24 months have passed. The extended COBRA is supposed to be there for people who will never be off disability again).