How is it different from long-term disability insurance?
Both short-term disability insurance and long-term disability insurance provide money for people who are unable to work..
Short terms disability insurance begins after the established “elimination period” (how long you have to be unable to work before claiming disabled benefits) and only covers the first initial weeks or months of disability. It’s intended to help you get by when you can’t work due to an injury or medical problem that keeps you out for a few months.
Long term disability insurance begins three to six months after you file for disability and can last years. It’s intended to be a long term replacement for lost wages. The money can pay for monthly living expenses such as food, clothing, and house payments.
If you have both a short-term policy and a long-term policy you can only receive benefits from one policy at a time.