QUESTIONS TO ASK ABOUT
YOUR DISABILITY COVERAGE
Group or association coverage:
• If you change employers or leave the association, can you convert to an individual plan without medical evidence of insurability?
• Under what circumstances can the plan be cancelled?
• Are benefits reduced as you grow older?
• Will you be covered during a strike or leave of absence?
• How long will the plan remain in place?
• Is it an insured plan or an Administrative Services Only (ASO) arrangement?
• Is renewal in the plan guaranteed? Will evidence of good health be required?
• Is the price schedule guaranteed? If not, do you know how much the cost could
increase?
Individual coverage
• Are benefits paid if you can work but not at full speed?
• If you are self-employed, can the plan be set up to pay your deferred income
taxes and/or cover other business expenses?
• Are there options designed to help you meet other financial objectives such as
saving for retirement?
• Is there a refund of premiums offered after you've been a member of the plan
for a specified period of time but haven't submitted a claim?
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