Long-term Disability Coverage
In many instances, injuries or illnesses are diagnosed to have long-lasting effects, thus, causing long-term disability. This type of disability can cause a person to miss work for about six months or more. For employees, before they can avail of their long-term disability benefit, they are first expected to avail of their sick-leave (with pay) privileges and then the short-term benefit (if this has been made available for them by their employer), which usually lasts for six months.
Long-term disability benefits cover a part of the injured employee’s salary, about 50% – 70%; duration of benefits usually lasts 5 or 10 years, while others last until the insured employee reaches the age of 65 (duration actually depends on the plan purchased).
Full payment of the long-term disability coverage may either come from the employer (the traditional practice) or the employee. Newer trends, however, sees employer and employee sharing the cost of the plan.
To become qualified for the long-term disability benefit, an employer ordinarily requires that an employee has rendered service for a certain duration of time, is a full-time employee and renders at least 30 hours of service per week. Although sustaining this type of disability will definitely affect an injured employee and his/her family’s financial situation, many claims get turned down, not because of failure in qualification, but due to technical issues, such as failure to fill-out a claims form correctly.
The long-term disability attorneys of Fields Disability understand how long-term disability insurance helps to take care of you and your family if you are ever injured or become disabled and can’t go back to work for weeks, months, or even years.
When an insurance company offers you a long-term disability policy, they make you the promise of covering you in the event of illness, injury or mental condition – for the years you can’t work. When the time comes that you need to avail of the benefits, however, they find ways to deny your long-term disability claim.
Sad, but true, insurance companies are out to protect their profits, not your best interests. Long-term disability benefits applications are often denied and many people give up because of the strict guidelines applicants must follow. Having a disability claims attorney, who knows how the system works, may be able to help make sure that your application is accurate, complete, and submitted on time.