Louisiana
Disability Insurance

Every citizen in the world should have a form of insurance coverage that would help them maintain a comfortable lifestyle even through hardship. Let’s look at how you can safeguard your income in this section.

How much does it cost to live in Louisiana?

Home to approximately 4.65 million people, Louisiana has a lower cost of living than most of the United States. According to data from the Bureau of Economic Analysis, the state's products and services cost 10.9 % less than the national average. When compared to all other states, Louisiana has the ninth-lowest overall cost of living. 

To estimate the amount of money needed on average to comfortably live in Louisiana, you’ll need to look at Louisiana’s cost of living index to see how much you’ll be spending.  

Cost of Living Parameters

Housing & Rent 

On average, Louisiana renters pay $850 per month, $173 less than the national average of $1,023. If you want to buy a house in the state, the typical home value is $157,800, which is dramatically less than the national median home value of $408,800.1 

Here are some stats on Louisiana Mortgages: 

  • Homeownership rate  : 66.6% 
  • Homeowner vacancy rate: 1.1% 
  • Rental vacancy rate : 7.3%

 Childcare  

In Louisiana, the average yearly cost of childcare is $7,724—that's $644 each month. A 4-year-old's childcare costs $6,906, or $576 per month. Infant care costs $1,441 (15.7 %) less than in-state tuition for a four-year public college. The average cost of childcare is just 23.8 % less than the average cost of the rent. 

Take a look at how much childcare would cost from infant to college:  

  • Infant: $7,724 
  • 4-year-old: $6,906 
  • School: $12,261 
  • College: $9,165  

Utilities

Apartment utilities refer to the essential services required in a home such as gas, water, electricity, cable, and internet. A Louisiana resident can expect to spend up to $365 per month on apartment utilities on average.  

Food & Groceries 

A single adult in Louisiana spends an average of $3,119 on food each year, while a family of four's annual food cost reaches $9,354. These figures are based on a nutritionally appropriate diet purchased from a grocery shop and prepared at home.2 

The average price for eating out would be:  

A basic meal with a drink at an inexpensive restaurant: $10.77  

  • Fast Food Combo (Big Mac etc.) : $4.15  
  • Bottle of Coca-Cola $3  
  • Bottle of Water $2.92

Grocery shopping in the state would cost as follows: 

  • Milk (1 liter regular) $1.15   
  • Loaf of Fresh White Bread (500g) $3.65  
  • Rice (1 Kg) $4.63  
  • Dozen Eggs $2.44  
  • 4 Rolls of Toilet Paper $4.25  
  • Shampoo $4.28 

Transportation 

Public transportation services across the state are available for all residents, making it easy to get around. However, 92.0 % of commuters in Louisiana drive to work, compared to 85.5 % nationally. The average motorist in the state drives 10,538 miles per year. Taking average fuel economy and average gas prices into account the average motorist in the state may expect to spend $829 on gas alone in a year. 

According to Insure.com, the average vehicle insurance rate in Louisiana is $985, which is less than the national average of $1,517. According to EPI data, the average single adult in the state spends $9,906 on transportation each year. Additionally, transportation expenses like bus fares and gas prices are 5% higher than the national average. 

Average Income & Taxes

The average yearly income of a single adult living in Louisiana is $55,279 and the estimated state income tax is $1,535. 

Most Expensive Louisiana Cities to Live in 

These are the 5 most expensive places in Louisiana: 

  • New Orleans 
  • Natchitoches 
  • Ruston 
  • Thibodaux 
  • Grambling

Why is disability insurance important to have in Louisiana?

As shown by the above cost of living study, a steady income is required to live comfortably and worry-free. Whether you work full-time or as a freelancer, getting disability insurance is the first step towards financial stability.  


So, what would happen if you found yourself unable to work for a long time? If you don’t have Disability Insurance in place, your bills start piling up which will result into problems such as bankruptcy and/or foreclosure. Medical bills are reported to be the number one cause of U.S. bankruptcies. One study has claimed that 62.1% of bankruptcies were caused by medical issues. 


Other studies claim that over 2 million people are adversely affected by their medical expenses. With foreclosure restrictions in place, the foreclosure rate in Louisiana is 0.58%.3 with half of foreclosures on conventional mortgages caused by the disability of one of the homeowners.4 


Many still believe that the need for disability insurance is not top priority, perhaps thinking that disability rarely happens, and when it does, it’s only caused by serious accidents. But did you know that up to 90% of disability cases recorded are due to illness, not injury? 


Even if you have health insurance, you should know that in Louisiana, out-of-pocket costs and insurance premiums for health care are relatively high, assuming at least a basic level of health insurance coverage. The average healthcare cost in the state for a single adult is $4,707 per year, compared to the national average of $4,266. The average annual health care costs for a family of four is $14,214, which is $1,264 more than the equivalent national average of $12,950.5. 

Does Louisiana have state disability insurance?

Only 5 states in the U.S. require companies to provide their employees with disability insurance coverage that includes benefits for accidents or illnesses sustained outside of the workplace. However, Louisiana is not among these states. Only workplace accidents in Louisiana are covered by worker's compensation insurance, therefore you won't be able to use a state policy to cover those kinds of medical expenses. 

 

If you live in Louisiana and are unable to work due to a disability, disease, or debilitating condition, you may be eligible for Social Security Disability Insurance (SSDI) benefits. Even though SSDI is a federal program, Louisiana administers it through its own state office, which is responsible for both evaluating eligibility and issuing benefit payments to Louisiana citizens. 

 

You have the right to appeal a decision made in connection with your SSDI disability claim. In Louisiana, almost 58% of people applying for SSDI benefits had their initial applications denied. If this describes your scenario, you may request that Louisiana's Disability Determination Services consider your case. 


What qualifies as disability in Louisiana?

If you have disability insurance provided by your employer, make sure to double-check the criteria in the agreement that qualify you to receive disability benefits when you’re unable to work. Some of these criteria can include the following: 

 

  • You are unable to perform the Substantial and Material Duties of your Regular Occupation as shown on the Schedule and; 

  • You are under the Regular Care of a Physician appropriate for your disabling Sickness or Injury and; 

  • There is no reasonable simplified worksite modification(s) that would allow you to perform one or more of the Substantial and Material Duties of your regular job. 


How can I easily get disability insurance in Louisiana?

Seeking a private disability insurance policy is the best option in Louisiana. Here at Asteya, we offer disability insurance (or disability income insurance as we like to call it) that’s simple and straightforward. Our 100% digital process means we don’t tire you out with proof of income, medical exams, phone interviews, or wait times, which means you can go from applicant to insured in no time. Plus, our policies start as low as 6$/month! 


Who qualifies for disability insurance in Louisiana?

Most insurances are bought to protect homes, vehicles, and health, but our most valuable asset tends to get neglected: our income. 70% of working Americans live paycheck to paycheck, with little savings to buffer the financial burden of a disability that leaves them unable to work. 

At Asteya, we offer 2 types of disability income insurance: Permanent Disability Income Insurance and Sickness & Injury Disability Income Insurance. Please visit asteya.world for more details on the eligibility of our product offering.  

How much does disability insurance in Louisiana cost?

Protecting your income shouldn’t be a luxury, so here at Asteya, we’ve created affordable and easy solutions that won’t drain what you’re trying to protect (your income!). Our prices start as low as:  

  • Permanent Disability Income Insurance: starting at $6.05/month 
  • Sickness & Injury Disability Income Insurance: starting at $5/month

Disability insurance vs. Louisiana state disability insurance

If you become sick or wounded and are unable to work, disability insurance pays a percentage of your salary. It can assist anyone who relies on their job to make ends meet. According to the Social Security Administration, one out of every four 20-year-olds will be disabled for 90 days or more until they are 67. 

 

If you live in Louisiana and have a serious physical or medical condition that prohibits you from working, you may be eligible for SSDI and/or SSI (SSI). While SSDI and SSI are federal programs run by the Social Security Administration (SSA), Louisiana has its own department that determines disability and its own appeals procedure. 

 

Louisiana's Disability Determination Services (DDS) examines your disability application and medical documents to determine your disability status. In making this judgment, DDS must follow Social Security rules. SSI or SSDI applications are sent to DDS after Social Security validates basic eligibility. You can contact DDS directly if you have questions about your case.  

 

When it comes to private insurance, at Asteya, we provide disability insurance that’s A-rated (that means we provide the best!) and as easy and straightforward as can be. We don't tire you out with proof of income, medical tests, phone interviews, or wait times because our process is entirely digital. We provide A-rated coverage that can be personalized to your needs 


How do I get disability insurance?

Get a quote from Asteya in seconds and go from applicant to insured in minutes