Atchley Insurance Blog
Could you cope financially with a disability?
The Golden State offers benefits to the disabled. A disability is a physical or mental condition that makes it impossible for you to perform your typical job. According to the California Insurance Code, section 2626, to be considered disabled, an individual must fit into one of the following groups.
- They have a severe physical or mental illness or injury. This could include health issues related to pregnancy and childbirth.
- They have been given a written order from a local or state health officer because they are infected, or thought to be infected, with a communicable disease.
- They are being medically treated for acute alcoholism or drug addiction; this could include individuals living in a rehabilitation center.
Do you fit in one of the above categories? Then you may be eligible to receive partial wages from the government to help you support yourself while disabled. Sometimes disabilities are permanent, which means you may need more than what the state disability fund offers.
This is where purchasing your own disability insurance coverage makes sense. This way you could have continuous scheduled payment to ensure you do not fall into financial ruin. Becoming disabled can certainly change your life, and not being able to cope financially can make it all the more devastating. Prepare now, and have the funds to keep yourself afloat during such difficult times.