Long-Term Disability Insurance in Chaska, MN

Why Long-Term Disability Insurance Matters in Minnesota

Life can throw curveballs—a back injury from shoveling snow, a chronic condition like arthritis, or even mental health struggles that sideline you from work. Without income, savings can vanish fast, especially with Minnesota’s cost of living. LTD insurance steps in after short-term disability (STD) or sick leave runs dry, typically kicking in after 90 to 180 days of disability. It pays a chunk of your wages—often 50–60%—until you recover or reach retirement age.

In Minnesota, where winter slips or outdoor jobs can lead to unexpected setbacks, LTD isn’t just nice to have—it’s a safety net. Unlike Social Security Disability Insurance (SSDI), which has strict rules and long wait times, private LTD through Options Insurance offers faster, more flexible support tailored to your paycheck.

How Does LTD Work?

Here’s the gist:

Waiting Period: Called the “elimination period,” it’s usually 3–6 months before benefits start. Shorter waits mean higher premiums.
Benefit Amount: Most plans cover 40–65% of your pre-disability income, up to a cap (say, $5,000/month). We’ll find the sweet spot for you.
Duration: Benefits can last a set time (e.g., 2–5 years) or until age 65, depending on your policy.
Coverage: Includes non-work-related injuries or illnesses—think car accidents or cancer, not just job hazards.

Minnesota employers like the University of Minnesota or the State often offer LTD, but if yours doesn’t—or if you’re self-employed—Options Insurance can hook you up with individual plans from carriers like MetLife or The Hartford.

Minnesota-Specific Benefits with Options Insurance

At Options Insurance in Chaska, we get Minnesota’s unique needs. Our plans can include:

Own Occupation Coverage: If you’re a nurse who can’t stand for hours post-surgery, you’re covered—even if you could take a desk job.
Cold Weather Risks: Slips on ice or overexertion from snow removal? We’ve seen it all in Carver County.
MNsure Pairing: If LTD doesn’t cover healthcare, we’ll guide you to MNsure options for full protection.

Plus, we’ll check for overlaps—some Minnesota auto policies cover disability from accidents, so you won’t overpay for redundant coverage.

How Much Does It Cost?

LTD premiums hinge on your age, job, income, and plan details. A 40-year-old office worker in Chaska earning $60,000 might pay $25–$75/month for 60% income replacement—about 1–3% of your salary. Riskier jobs (think construction) or pre-existing conditions bump that up. At Options Insurance, we shop around to keep costs low without skimping on coverage.

Why Choose Options Insurance in Chaska?

We’re not some call center halfway across the country—we’re right here on Chestnut Street, serving Chaska and beyond. Here’s what you get:

Local Know-How: We understand Minnesota’s workforce, from factory floors to classrooms.
Custom Plans: Whether you need a two-year benefit or coverage to 65, we’ll build it for you.
Free Consultations: No charge to chat and compare quotes from top insurers.

Don’t wait for a “what if” to become a “what now.” A disability lasting 3½ years (the average, per the Minnesota Benefit Association) could drain your savings fast without LTD.

Secure Your Future Today