How Long Term Disability Payments Work

1. How Long-Term Disability Payments Work When you file a claim, there will be an initial elimination period before you’re allowed to collect benefit payments. Policies vary, but most require the disability to last at least six months to qualify for long-term disability coverage. If you return to work before the elimination period ends or you’re able to earn your pre-disability wages, you won’t qualify for benefits. The payments you receive will depend on what’s listed on your employer’s insurance policy. Most provide somewhere between 50% to 80% of your pre-injury disability average monthly wages. Other forms of compensation could include things like commission, bonuses, and overtime as well. You’ll continue to qualify for benefits as long as you still have a disabling condition up until you turn 65 years old for the period of time indicated in the plan. In some situations, payments can last a lifetime.

2. Injuries and Illnesses Eligible for Long-Term Disability Coverage A long-term disability insurance claim refers to a physical, mental, or emotional impairment that prevents a person from working for a period longer than six months. Every policy is different and might contain variations that indicate what is and isn’t considered a disability. There are also exclusions that could prevent you from collecting benefits if your illness or injury falls under any of those categories. The Employee Retirement Income Security Act (ERISA) enforces regulations and protects an injured worker’s rights. If your employer provides group LTD disability insurance coverage, the policy will fall under ERISA laws. If you suffer a disabling injury or illness, you can request policy information to help you determine whether you’re eligible for coverage and which benefits you are able to receive. Steps Involved in a Long-Term Disability Claim If your employer provides LTD coverage, you can contact their insurance company if your doctor determines that you have a disability and you can’t return to work. Be sure to notify your employer of your injury or illness promptly. Complete the application provided by the insurance company and submit it to begin the claims process. You should include a statement that provides information.. ---------------------------------------------------------------------------