Under current Canada Revenue Agency regulations, the disability benefits you receive will be considered non-taxable income if you pay your premiums with after-tax dollars. Essentially, this means that if you deduct your disability insurance premiums on your tax return, you’ll have to pay tax on your benefits if you become disabled. Normally, premiums for Office Overhead Expense Insurance may be deducted as a business expense.

Generally benefits received from disability insurance paid for by individuals with after-tax premium dollars, are received income tax free. If premiums were paid for and deducted by a Professional Corporation (PC) the benefits would be subject to FICA and Medicare withholding as well as income tax. For more information about taxability of disability payments, please contact our customer service area and/or consult with your legal or tax advisor.

These are common terms for the Title II Social Security Disability program that provides monthly and Medicare benefits. Generally, you must have worked five out of the last ten years, unless you are under 31 years of age, or are blind.

No. You will continue to receive a disability benefit as long as your condition keeps you from working. Your case, however, will be reviewed periodically to see if there has been any improvement in your condition and whether you are still eligible for benefits. If you are still eligible when you reach 65, your disability benefits will be automatically converted to Social Security retirement benefits.

Federal law limits the amount of gross wages you may spend each month on tax-free transit or parking. For 2007, the limits are $110 per month for transit or vanpool, $215 per month for parking or $325 for a combination of transit, vanpool, and parking.

We are required to deduct FICA tax from any disability payment for the first six months that an insured is disabled. The FICA deduction is based upon the percent of the premium that is paid by the employer. Disability benefits are also reportable income on W-2 forms.

Generally, the receipt of life insurance proceeds are income tax free but not estate tax free. Proper planning can be undertaken, however, so that life insurance proceeds are also estate tax free. For example, an Irrevocable Insurance Trust can be utilized.

Whether or not premiums are tax deductible depends on how the premium is paid. If benefits are paid for by a professional corporation, for example, the premiums can be tax deductible. Generally, premiums paid by individuals are not tax deductible while, in this circumstance, disability income benefits would be tax-free to the insured. For more information concerning tax deductibility, please contact our customer service department and/or your tax or legal advisor.

You can apply for Social Security Disability Insurance benefits in-person at any SSA office, or by telephone and mail. Going in-person for your disability interview will get you free advice from the claims representative, an examination of your papers for errors and oversights, an opportunity to correct them before the papers are filed, and the opportunity to demonstrate your honesty and credibility to a representative of SSA.

If you are totally disabled from all forms of employment, it is theoretically possible for you to receive wage-loss benefits for the rest of your life. This, however, is unlikely to occur. If your injury occurred after June 24, 1996, and you have received one hundred and four weeks of total disability benefits, the company has the right to require you to submit to a medical examination to determine the extent of your permanent impairment.

I would talk to an attorney before filing, but you can file yourself, too. As soon as you become disabled, and are working erratically or not working, you may apply for disability at any Social Security office. You may also apply by phone. The best way to start is to call 1-800-772-1213. Most people who are comfortable writing answers find that a telephone appointment is the easiest way to file. If you are not comfortable with a lot of writing, set an appointment to apply in person.

If you have been told by a physician that you have pneumoconiosis or other lung problems, you may have questions about whether you are eligible for any compensation from the Federal Government. The Federal Black Lung Benefits Program is completely separate from the State Workers’ Compensation programs. Some miners may qualify for one program and not the other.

Yes.  A portion of disability benefits is considered taxable income for both the Federal Income Tax and FICA (Social Security).  The portion of the benefits payment that is taxable is that portion attributable to the employer's disability contribution.  The worker's share of FICA is deducted from State Plan benefit payments.  The employer is liable for the employer's share of FICA.  Federal income tax is withheld only if requested by the claimant.

Members who are injured in the line of duty are eligible to receive a disability benefit of at least $300 a month for as long as the member is unable to perform his/her duties.

The insurance cover is applicable for a period of 5 years from the first disbursement of the home loan and will continue to be applicable for the 5 year period. The insurance cover is applicable for original loan tenure and will continue to be applicable for the original loan tenure. The insured amount is the loan outstanding (as per the original amort schedule) at the time of death.

You must be able to work, be available for work, and be actively seeking work each week you claim benefits.

When you apply for disability insurance it is purchased to protect the earned income you would lose in the event of disability. The insurance company will ask for prior tax return when you apply for coverage over a certain amount. The reason they request the tax return is that they want to verify that the amount of coverage requested would be in proportion to the net income you would have after expenses, taxes, etc.

In Pennsylvania, you may be eligible for the Department of Health's HealthyWoman Program. Women qualify to receive free breast and cervical cancer screening and diagnostic services, including mammograms, clinical breast exams, pelvic exams, and Pap tests if: they have no insurance, or limited insurance that does not cover breast and cervical cancer screening services, and

Many disability insurance plans will pay a benefit if you return to work on a part-time basis. Since many plans measure partial disability by measuring the drop in income, it is possible to return full-time to a lower paying job and still be considered partially disabled. Residual benefits are computed by different methods, the most common being that a person will receive benefits in inverse proportion to the ratio of current income to the prior full-time income.