Disability insurance benefits bill moves forward in Rhode Island

health insurance rhode island

The legislation is designed to help to provide the temporary expansion of the coverage. A new Rhode Island disability insurance bill which is meant to expand the temporary benefits provided to residents who are required to leave work in order to care for a sick relative or a newborn, is now heading to the state Senate for their approval. This is following the bill’s passage by the Senate Finance Committee which occurred at the end of last week. The legislation was introduced by Senator Gayle Goldin (D-Providence). It would require…

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Disability insurance benefits collected from Social Security in record numbers

Disability Insurance benefits US workers

Official predictions for this month are that 8.82 million people are collecting. The Social Security Administration has just released their figures regarding the number of people who are collecting disability insurance from the program, and what they have found is that a record breaking number of people are currently collecting from the program. In fact, in December, 8.82 million people were recorded to have been receiving benefits from the program. This is a notable increase over the 8.80 million who had been collecting disability insurance benefits in November. Those who…

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Disability insurance struggles arising from application increase

Disability Insurance

As a growing number of Americans seek assistance, the program is facing serious challenges. It is now being estimated that the Social Security Administration’s funds to cover the costs of disability insurance will have been entirely spent in four years’ time. This will mean that the benefits will shrink for over 9 million disabled workers and their families. Income taxes will be providing enough money for only 79 percent of the disability insurance benefit, which will mean that – assuming the same number of individuals remain covered by the program…

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Disability insurance benefits are not awarded properly 1 out of 4 times

Disability Insurance News

A Senate report is showing that 25 percent of cases are potentially unnecessarily costing taxpayers millions. A new report from the Senate is showing that one quarter of disability insurance benefits awarded by the Social Security Administration were done improperly between the years 2006 and 2010, which could possibly have cost millions of dollars to taxpayers. The findings were the result of an investigation that was held over eighteen months. The research was performed by the chamber’s Permanent Subcommittee on Investigations. What it discovered that approximately one out of every…

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California workers compensation insurance overhauled

Workers Compensation Insurance

Governor signs workers compensation insurance legislation into law California Governor Jerry Brown has signed into law a legislation that will increase the disability insurance benefits workers receive if they are injured on the job. The legislation aims to provide workers with benefits more fitting to the rising costs of worker’s compensation insurance premiums. These premiums have been growing in California, largely due to the growing costs of medical care associated with workplace injuries and the prevalence of fraud. The legislation was approved by the state Legislature last month, but was…

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Liberty Mutual announces new disability insurance benefits to assist mid-sized businesses

Liberty Mutual Insurance has unveiled its new Benefits Select product line in an effort to better serve mid-sized businesses and the employee benefits consultants and brokers who work with them. The Benefits Select group disability product suite is designed to be a cost-effective way for these employers to be able to offer more attractive passengers to current and potential employees so that they will experience better retention while still keeping an eye on the bottom line. According to the chief operating officer at the group benefits unit of Liberty Mutual…

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The importance of understanding and obtaining disability insurance

Disability insurance is one of the most important decisions that you can make to help to protect your financial future and financial advisors, not just insurance agents, are recommending these products to their clients for just that reason. That said, the decision to obtain the insurance and the choice of insurer to provide it is up to you. There are many different issues to consider, from monthly premiums to the type of coverage that is provided. That said, you shouldn’t let a little bit of homework stop you from purchasing…

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The search for disability insurance

Group disability insurance is a form of protection for a group of people who are connected in some way – such as through an organization such as a trade association or employer – and covers the individuals from the losses to which they are exposed in the case of illness or an injury from an accident. Group disability insurance is typically less expensive than a policy purchased by an individual, though it should be noted that the benefits are limited to a maximum monthly income and a certain length of…

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Disability insurance becomes more complex and expensive

Employee disability benefits, as is the case with virtually every other kind of workplace benefit, has become an expense that workers are beginning to need to pay for and manage – at least to some degree – themselves. Now that the 2012 open enrollment season has begun, an increasing number of employers are requesting that workers take on some of the financial burden for some of the more high-end forms of disability protection. Mercer benefits consultant partner, Rich Fuerstenberg, said that he has been witnessing a gradual trend toward workers…

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Insurance changes to New Jersey’s disability insurance pool make coverage more affordable

New Jersey’s disability insurance fund will see some changes in the coming months, according to Governor Chris Christie. This week, the Governor announced that state employees can expect to see lower premiums for the state’s disability insurance pool. The Governor believes that state workers have been paying more than is necessary to keep the program afloat and has teamed with the commissioner of the Department of Labor and Workforce Development, Harold Wirths, to make changes to the state-run program. Currently, the state withholds funds from workers’ paychecks to cover the…

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