Disability Insurance Can Provide COVID Coverage

If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.

Nurse helping older gentleman use a walker; both wearing surgical masks
(Image credit: Getty Images)

Health insurance isn’t the only benefit you need to review during open-enrollment season. Nearly half of large employers expect an increase in disability claims because of complications from COVID-19, or what’s often called long-haul COVID, according to the Business Group on Health.

If you had COVID-19 and are concerned about long-term complications—or you have other long-term health concerns—you may want to consider disability insurance coverage from your employer. If your employer offers a group policy that provides long-term disability insurance, it may pay for the premiums or cover a portion of the cost. In other cases, you’ll be on the hook for the entire premium, but you’ll probably pay less than you’d pay for an individual policy.

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Rivan V. Stinson
Ex-staff writer, Kiplinger's Personal Finance

Rivan joined Kiplinger on Leap Day 2016 as a reporter for Kiplinger's Personal Finance magazine. A Michigan native, she graduated from the University of Michigan in 2014 and from there freelanced as a local copy editor and proofreader, and served as a research assistant to a local Detroit journalist. Her work has been featured in the Ann Arbor Observer and Sage Business Researcher. She is currently assistant editor, personal finance at The Washington Post.