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Today's Terms
Own Occupation (Own Occ)
Definition:
Under this definition, an insured will be considered disabled only if he or she is unable to perform the duties of his or her occupation.
Outcome Payment System
Definition:
The system providing a payments under the Ticket to Work program to an employment network for each month, up to a total of 60 months, during which Social Security disability benefits and Federal SSI cash benefits are not payable to a beneficiary because of the performance of substantial gainful activity (SGA) or by reason of earnings from work.
Benefit Percentage
Definition:
The benefit payable is usually determined as a percentage of the insured's pre-disability income up to an overall maximum benefit amount.
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