What is a disability elimination period best described as Quizlet?
Asked by: Chad Williamson | Last update: December 17, 2025Score: 4.7/5 (62 votes)
What is a disability elimination period best described as?
A disability insurance elimination period refers to how long you have to wait before the insurer will pay benefits. Also known as waiting periods, elimination periods vary greatly but typically range from 30 days to two years. They start on the date of your injury or diagnosis, rather than the date you file a claim.
Which of the following statements best describes a disability elimination period quizlet?
The correct answer is "Time period a disabled person must wait before benefits are paid". The elimination period of an individual disability insurance policy refers to the amount of time a disabled person must wait before benefits are paid.
What is a disability elimination period called?
An elimination period, also known as the benefit waiting period, is the length of time a member must be disabled before disability benefits are payable on a Short Term Disability (STD), State Mandated Disability (SMD) or Long Term Disability (LTD) contract.
What is the elimination period in Quizlet?
The elimination period in a disability income insurance policy: Serves as a time deductible before benefits are payable. The elimination period is the period for which an insured person must be disabled before benefits begin. Benefits begin only after this time period has been satisfied.
What is an elimination period?
What is the elimination phase of a drug?
Drug elimination is the removal of an administered drug from the body. It is accomplished in two ways, either by excretion of an unmetabolized drug in its intact form or by metabolic biotransformation followed by excretion.
What is a 20 day elimination period?
Elimination periods can range anywhere from 20 to 90 days. Kathy's long-term care policy had a 20-day elimination period. If she moved into an assisted living facility, she would have to pay out of her own pocket for 20 days before the long-term care insurance benefits would kick in.
What is the elimination period for SSDI?
Even after the Social Security Administration (SSA) approves your application for disability benefits, you may still have to wait a while before you receive your first check in the mail. This is because there is a five-month elimination period, or waiting period, for disability benefits.
What is an example of a presumptive disability?
What are “Presumptive Conditions”? If you are diagnosed with a chronic disease within one year of active-duty release, you should apply for disability compensation. Examples of chronic disease include: arthritis, diabetes or hypertension.
How long do you have to be out of work for aflac short-term disability?
There's usually a two-week waiting period after you become disabled or ill before you receive any payouts from your policy. This is called the elimination period. You may need to use paid time off (PTO) days to ensure you receive your salary until you receive your insurance benefits.
When a person returns to work after a period of total disability?
In most cases, once your provider offers a “return to work option” and OKs your return, your benefits could continue after you re-enter the workforce. Benefits may be reduced to take into account your new income, and may cease altogether if you begin earning an income comparable to your pre-disability income.
Which of the following statements best describes the definition of disability in qualifying for disability benefits under Social Security?
The law defines disability as the inability to engage in any substantial gainful activity (SGA) by reason of any medically determinable physical or mental impairment(s) which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.
What is the monthly benefit for an individual disability income policy?
An individual (personal) disability plan typically replaces income in the range of 50% to 70% of a policyholder's income, if events such as illness or injury prevent a person from earning wages. This could be tax-free, depending on who is paying the premium.
Do you get back paid for the elimination period?
It's important to note, however, that you won't receive any benefits during the elimination period. You'll need to cover your own expenses during this time, and the insurance company won't start paying benefits until the elimination period has elapsed.
What is a disability period?
Your period of disability begins on the day your disability begins if you are insured for disability on that day. If you are not insured for disability on that day, your period of disability will begin on the first day of the first calendar quarter after your disability began in which you become insured for disability.
Is aflac short-term disability worth it?
However, short-term disability can be a valuable asset for almost anyone wanting a safety net if they become ill or injured for a few weeks to a few months. Ask your employer if they offer Aflac short-term disability insurance and apply immediately to give yourself extra financial security.
What is the elimination period of an individual disability policy?
It is the number of days between the onset of the disability and when you become eligible to receive benefits. Think of it as a deductible. If a policy includes a 90-day elimination period, that indicates you must be disabled for 91 days or longer to qualify for benefits from the insurance carrier.
Do you have to pay back presumptive disability?
We do not ask you to repay these PD or PB payments, even if you are later found not to be disabled or blind. However, if you received an overpayment for other reasons, (for example, excess income, SGA, or resources), we may ask you to repay some of the PD or PB payments.
What is the easiest condition to get disability?
What Is the Most Approved Disability? Arthritis and other musculoskeletal system disabilities make up the most commonly approved conditions for social security disability benefits. This is because arthritis is so common. In the United States, over 58 million people suffer from arthritis.
What is the highest disability check?
In 2024, the maximum Social Security disability benefit for a disabled worker receiving Social Security Disability Insurance (SSDI) is $3,822 per month, according to the Social Security Administration (SSA).
What does elimination period mean?
Elimination period is a term used in insurance to refer to the time period between an injury and the receipt of benefit payments. In other words, it is the length of time between the beginning of an injury or illness and receiving benefit payments from an insurer.
What illness automatically qualifies for disability?
Neurological disorders (e.g., epilepsy, benign brain tumors) Mental disorders (e.g., bipolar disorder, anxiety, depression) Cancer (malignant neoplastic diseases) Immune system disorders (e.g., HIV infection, lupus, inflammatory arthritis)
What is the average elimination period?
The most common elimination period is 90 days.
However, it varies from policy to policy. While some policies have a 30-day elimination period, some can be as long as two years.
Is short-term disability worth it?
Ultimately, short-term disability insurance can be a valuable tool to help protect your financial stability during a time of unexpected hardship. Coverage is important for anyone who wants to protect their income and savings in case they become temporarily unable to work due to a disability, illness, or injury.
Which of the following is a characteristic of disability elimination?
The disability elimination period is a duration of time, beginning from when an individual becomes disabled, during which no benefits are paid out under a disability income insurance policy. Therefore, the characteristic of the disability elimination period is that benefits are not payable.