Introduction to Long Term Disability Benefits

Long term disability benefits can help individuals facing an injury or illness when they are unable to work for an extended period of time. Disability is meant to replace lost earnings when an individual is faced with an unfortunate health crisis. No one ever expects an injury or illness to happen, but when it does happen disability insurance can make the situation more manageable.Who Is Eligible?Long term disability insurance is generally acquired through an employer. There are usually insurance specific requirements as to collection and other regulations. An employee typically has to serve a certain period of time before becoming eligible under a group plan. If you have a plan through your workplace, and you become ill or suffer an injury that prevents you from doing your job, you can claim your benefits. It is up to the insurance company to accept or deny your claim. The highest percentage of long term disability claims are from individuals who are suffering from musculoskeletal and connective tissue disorders and cancer. Physical injuries are the next most common claim. Long term benefits must be claimed after an individual has exhausted any short term disability benefits for which he is eligible. Also, these benefits may be available for individuals who are partially disabled as well, meaning the person is unable to do the job they normally do but can work at a lesser wage. The insurance can then make up a portion of the earnings lost. How Much Money Will I Get?The amount of money you can collect depends on a number of factors. Your insurance will look at how much you paid into the disability insurance, how long you have been employed, the nature of your injury or illness, and any other relevant information. The policy through which you are insured will also impact the amount of money you will receive while on disability. Generally, this amount is a percentage of income (usually 50 to 60 percent), and does not cover your entire salary. Will Disability Interfere With Other Benefits?In most cases, disability does not interfere with other employer paid benefits. It also does not generally interfere with Social Security benefits. You should consult your employer or insurance carrier to confirm that any benefits you receive will not be effected by your disability claim. Getting Legal HelpIf you are concerned about your long term disability claim, a lawyer can help you with the process of applying and help you understand the law in your case. A lawyer will be able to provide you the peace of mind of knowing that you have someone advocating on your behalf.