As a federal or postal employee, you’ve dedicated your career to serving the nation. But what happens if an unexpected illness or injury prevents you from fulfilling your duties? That’s where disability insurance steps in, providing a safety net when you need it most. Yet, many federal employees are unaware of the importance of this coverage. Exploring why disability insurance is essential for peace of mind and financial security, not just a choice.

Why Disability Insurance?

Disability insurance acts as a crucial buffer, protecting your income if you’re unable to work due to a disability. While federal employees have some benefits through the Federal Employees Retirement System (FERS) and Social Security, these may not be sufficient. For instance, FERS disability benefits are often offset by Social Security, potentially leaving you with less than expected.

The Gap in Coverage

Federal and postal employees have access to sick leave and disability retirement, but these may not cover all expenses or last indefinitely. Short-term disability insurance fills this gap, providing immediate financial support when you’re temporarily unable to work. Long-term disability offers additional protection, ensuring you’re covered until you can return to work or reach retirement.

Understanding State Disability Insurance (SDI) and SSDI

State Disability Insurance (SDI) and Social Security Disability Insurance (SSDI) are two types of insurance that can provide additional support. SDI is a state program that offers short-term benefits to eligible workers, while SSDI provides long-term benefits to those who meet the federal definition of disability. Understanding these programs can help you make informed decisions about your coverage.

Making an Informed Decision

Choosing the right insurance policy requires careful consideration. You need to assess the benefits, the offset with your FERS and Social Security, and the premiums. It’s essential to find a balance that offers adequate coverage without overpaying. Consider factors such as the type of insurance, the definition of disability, and the medical conditions covered.

SAMBA’s Role

SAMBA is available to all active federal employees and provides long-term coverage that starts paying benefits after 60 continuous days of disability. This can be particularly helpful if you’ve exhausted your sick leave and are facing leave without pay. SAMBA’s voluntary plan ensures that you have the financial support you need during challenging times.

Protecting Your Future

As a federal or postal employee, it’s crucial to understand your rights and the benefits available to you. Disability insurance can serve as a supplement to your federal benefits, providing additional financial support during periods of disability. It’s not just about having a backup plan; it’s about ensuring you and your family are protected during life’s unforeseen challenges.

Don’t Wait Until It’s Too Late

Don’t wait until it’s too late. Contact us to learn more about your options for insurance and secure the coverage you deserve. Remember, it’s not just about protecting your income; it’s about safeguarding your future. Get in touch with us today and take the first step towards comprehensive disability coverage.