Get (WA) DI STD Policy D82M-23254. Pdf - Mutual Of Omaha

Short-term disability insurance pays a percentage of your salary while you're unable to work. The period of time that you receive benefits is determined by how long you are disabled, and the benefits you receive depend on your elimination period.

If you pay for the premiums yourself with taxed income, your short-term disability benefits are not taxable. In some cases, this payment may automatically be deducted from your paycheck. If your employer pays for the premiums, you must pay taxes on short-term disability.

Full-scale coverage with numerous options With extensive base benefits and a large selection of optional riders, long-term disability income insurance can offer coverage for two years to age 67.

The payments you receive from short-term disability income insurance usually last less than 1 year. Typical situations covered by short-term disability income insurance include: An injury that prevents you from being able to work. Prolonged illness.

Call 1-800-877-5176 to start the claims process.

Individual coverage through Mutual of Omaha's Mutual Income Solutions is available to consumers ages 18 through 61, with monthly benefits ranging from $300 to $20,000 in $100 increments, depending on the policyholder's annual income.

Also, the payments from disability insurance that you purchase on your own are paid tax-free to you, while money paid by employer plans are considered taxable income. How it works: Disability policies include a waiting period, also called the “elimination period,” before you'll receive any payments.

If your provisional income is more than the base amount, up to 50% of your social security disability benefits will usually be taxable. However up to 85% of benefits will be taxable if your provisional income is more than the adjusted base amount.