Planning for Possible Health Problems: How Much Disability Insurance Should You Have?

As Chris Clark writes in a article “Planning for Possible Health Problems: How Much Disability and Long-Term Care Insurance Should You Have?”, health problems are one of the most common reasons people retire before they intended.  But knowing how much and which disability and long-term care coverages to purchase can be complicated.  Disability attorney Ed Comitz provides some advice in Mr. Clark’s article:

Edward Comitz, an attorney who leads the health and disability insurance practice for Phoenix law firm [Comitz | Beethe], recommends buying individual policies instead of the typically cheaper group ones, because employer-sponsored plans are subject to employment-law restrictions that include limits on jury awards if a claimant ends up in court fighting for benefits.

And don’t pay the premiums from the practice, he says, because an individual policy could be characterized as a group one if the practice is paying the bills.