Sometimes the world can feel like a risky place — every day we’re bombarded by news reports of crime, accidents and natural disasters. But what about the effects of illness or injury? You may not think you need to plan for illness or injury, but they could keep you from working and thus be considered a disability. What are the chances that you or someone you care about could become disabled? • Roughly three in 10 Americans will suffer a disability lasting 90 days or longer before the age of 651 • Nearly one in five Americans will be disabled for one year or more during their working years2 The leading causes of these disabilities are not accidents or injuries — they are illnesses and chronic conditions such as cancer, cardiovascular disease and musculoskeletal disorders.3 The average length of a long-term disability is between two and three years, and this could place a significant strain on your resources. Many American families live paycheck to paycheck, and the majority couldn’t afford to go one month, let alone two or three years, without the support of a regular income.4 Therefore, it is important to be financially prepared. Many will use savings and retirement funds to make it through a time of disability. Government programs can also help, but Social Security and workers’ compensation may not be enough. • The average monthly Social Security Disability Insurance (SSDI) benefit is only $1,0045 • Workers’ compensation may not fill the gap, as 95% of reported disabilities are estimated to be non‑work related3 Any single source of income may not be enough to meet your needs when you’re not working. Disability insurance is a key step in helping you to be financially prepared. Being disabled is a very real risk, and in your lifetime it could affect you or someone you care about. The biggest risk may be in not planning for the possibility of a disability. With disability insurance, you can be confident that you’ll be financially prepared if disability happens. What is your risk for disability? Roughly three in 10 people will experience a disability lasting three months or longer during their working careers. Find out your chances of becoming disabled. Take the quiz at disabilitycanhappen.org/chances_disability/pdq.asp. Enroll today. Start receiving financial peace of mind with a disability plan from UnitedHealthcare.
Published by United Healthcare / Open Enrollment . View All Articles.
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