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Protect Your Income With Disability Insurance
Protect your paycheck!
Special Open Enrollment through December 31, 2019
Do you depend on your paycheck to pay your bills? If the answer is yes, there’s a way to protect your income. Most people think their expenses will be covered by some insurance policy (car, health, workers’ comp) if they’re injured in any way. This can be true depending upon the circumstances. But what happens if you become pregnant, fall down the stairs when you’re at home cleaning or hurt yourself while skiing with the family in New Hampshire? If an unfortunate situation arises, your health insurance or your employer won’t be responsible for paying you or helping cover your living expenses. You may have racked up some sick days, but do you have enough to survive for weeks or even months if disabled? Disability insurance can help you stay afloat because it provides a portion of your earnings when you’re out of work due to an illness or injury.
Because you might not have this chance again! The MTA disability plan has never had an all-members-are-eligible open enrollment. If you don’t have coverage now and have already passed up the opportunity to get it through your district, this enrollment period is for YOU.
Disability insurance can be very inexpensive. Based on your salary, you could pay as little as $50 dollars a month to be compensated 60 percent of your income while you can’t work. In addition to low premiums, the MTA plan guarantees coverage when you apply, and the short-term disability plan now offers more maternity coverage. Be sure to act fast because you might not have another chance to enroll! Enrollment ends December 31, 2019.
To make it even easier for you, there are a bunch of ways to learn more and enroll:
Option 1: Call to obtain a quote – 1.877.401.4083
Option 2: For more information – text #readysetenrollmta to 87487
Option 3: Schedule your appointment to speak with an MTA Benefit Counselor at www.myenrollmentschedule.com/mta
Why is disability insurance important?
Your most valuable asset is your ability to earn a paycheck. How would you pay rent, utilities, car loans and groceries without an income? Most people think they won’t be affected by a disability, but in fact, there’s a 33% chance a person will be disabled for at least 6 months during their working years according to Financial Security for Working Americans. In today’s economy it would be difficult losing even just one paycheck. A sickness or injury could have you out of work for weeks, months or even years. If you don’t have a large personal savings account to cover you for an extended amount of time, your disability insurance coverage would come into play. There are both short- and long-term coverage options. Benefits are paid directly to you and can be used for whatever you want.
Make a smart decision for your future. Only 48 percent of American adults say they have enough savings to cover three months of living expenses in the event they’re not earning any income. One of the biggest myths people believe is, “I’ll get it when I need it.” But when you need it, it’s already too late to