If you develop a disability and you are unable to perform your work as a result, you should look into your options for obtaining some sort of disability benefits. The type of disability benefits you will be able to access will depend on the circumstances regarding your disability. If you are injured at work, you may be able to file for workers' compensation benefits. If you have a low income, you may be able to qualify for cash benefits through the Social Security Administration (SSA).
If you are dealing with a long-term disability that you have recently acquired, it is likely that this has significantly affected your career prospects. You may not be able to work to the same capacity and efficiency as you did before, and it is likely that this will affect your ability to earn an income.
In Missouri, there are many different benefits that can help you financially if you are suffering due to a disability. One of these is an ABLE account. This is a bank account that has tax advantages for disabled people.
After suffering an illness or injury, your financial situation can change quickly. From the moment that you need to stop working in order to recover, it is likely that you will be losing wages. Long- and short-term disability insurance acts as a safety net for those who would otherwise suffer significantly after being unable to work.
Being injured at work can affect all aspects of your life. Unfortunately, serious injuries at work can lead to long-term disabilities. If you have an active role at work, your injury might prevent you from being able to continue working at the same position.
Living with a disability is difficult enough without having to navigate the complexities of insurance. One of the most important but confusing aspects of disability insurance is short-term versus long-term disability. What do they mean, and which one should you select?