Quote:
Originally Posted by Asheville1
Good question. And I don't know the answer as I haven't delved into the policy or made the inquiry. It wouldn't be a issue in my case, based on what I was earning when working vs. monthly govt stipend.
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Most employer disability does not cover your full salary. Possibly 80% if you were high on the totem pole in your company. Mine covered 60%, people above me got 70%, further up the chain 80%. All were offset by any SSDI payments, after six months. Somehow, the insurance people believed one could achieve SSDI status in that time. From everything I've read, it takes two years, not six months.
As an aside, since 60% was too low for me as I had virtually no income tax liability and either took home or saved most of my income in tax-sheltered vehicles, I and a few others in my workplace also carried additional disability insurance besides our employer's. I never considered at the time that a private policy might further offset the employer's policy, but I'll bet they had that written in there, too.
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