An overview of long-term disability insurance

If you are diagnosed with a health condition that prevents you from working, you may consider seeking benefits from long-term disability insurance. This is when you, or your employer, had paid for the same. In general, one has to be out of work for at least six months, to claim long-term disability benefits, and these benefits are offered for a limited time only. In this quick overview, we are discussing some of the basics, including medical conditions that qualify for LTD and hiring an attorney.

The basics

Usually, long-term disability benefits pay for a part of the person’s income, if they cannot work because of a disease or injury. Like we mentioned, you only get these benefits for a limited period, depending on the health condition or disease you are diagnosed with. Sometimes, long-term disability benefits can extend to a decade, while for some conditions, the term is rather limited. The cost of long-term disability insurance can be paid by you, your employer, or there could be a shared arrangement. Your benefits are tax-free and can ensure that you have financial support during a tough time.

Diseases covered under long-term disability

The good news is long-term disability coverage is extended for most health conditions. From serious health conditions like cancer, Parkinson’s disease, AIDS/HIV, to epilepsy, mental health issues such as depression, anxiety, and bipolar disorder, everything is covered. Covid-19 Coronavirus is also included in the list.

Reasons to contact an attorney

Although not necessary, you may want to contact an attorney for knowing more about your long-term disability claim. Here are 3 reasons to seek legal advice –

1. Because your claim was denied. Insurance companies are always looking for gaps to deny long-term disability claims, and if your claim has been denied, you can file an appeal. There is limited time for that, and it makes sense to contact an attorney to bolster your case.
2. Because you need advice. Another big reason why you need an attorney is to get advice. You want to be sure that your long-term disability claim won’t be denied because of medical documentation or related reasons. Your lawyer can guide you on the basic aspects.
3. Because you don’t want the stress. No matter whether you are new to handling such insurance claims, or when your long-term disability claim has been denied, stress can be overwhelming. Get an attorney, so that you don’t have to deal with the paperwork on your own.

Check online now for the best-rated long-term disability attorneys in your area!