letsgobobby wrote:I want to replace the current individual policy I have with a larger one, so that when/if I leave my employer I have something to fall back on. In other words I would drop the current individual policy once I have a new one.
These AMA sales pitches I get imply I can get substantially more coverage than $14k per month - is it related to income (I assume it is)?
Without getting too bogged down in details, the back problems are non-surgical, non-opioid treatments - just a couple of MRIs and steroid injections.
If you replace the individual policy you would be able to get more coverage, assuming you can pass underwriting. The new policy will still require a spinal exclusion in all likelihood. The group coverage is going to offset the amount of coverage you can get in total on an individual policy, but the fact that it is employer-paid and taxable will allow you to get more individual DI than if the benefits were tax-free. The total amount you could get depends on your income and will vary slightly by carrier.
As an example using Guardian's calculator, someone making $200k with $10k/mo of taxable group coverage could get $3,390/mo individual coverage. $250k could get $6,040/mo, $300k could get $8,670/mo, $350k could get $11,260/mo, and $400k could get $13,830/mo....so as you can see it varies depending on your income.