What do long-term disability benefits entail?
It's important to understand the distinction between long-term and short-term disability benefits. Long-term disability insurance benefits (LTD) are essentially an income replacement benefit when a serious injury or medical condition prevents you from working. Many employers include them in their group benefits policy. It is available after short-term disability insurance, sick leave, and EI benefits have been exhausted, and typically provides up to 60% of your gross salary with a monthly limit for the period in which you are unable to work.
How do I get long-term disability benefits?
To qualify, you must have been disabled for at least two years. You must provide medical documentation of any mental, physical, or psychological conditions that prevent you from performing your job at your usual level. Essentially, the physicians who are looking after you must support your inability to work.
What are the most common types of disabilities associated with long-term disability benefits?
Those who have permanent damage, such as amputation, spinal cord injury, cancer, a stroke, a heart attack, paralysis, or psychological disorders.
To get wider answers please contact our professional ltd lawyer. We have strong knowledge of long-term disability law and you will get all that you deserve.
How long are disability benefits valid?
If you are unable to perform the duties of your job, you may be eligible for long-term disability. It makes no difference if you can do other jobs as long as you can't do your job's duties. The definition of disability changes after 24 months. The definition of “own occupation” is changed to “any occupation,” and if you qualify, benefits will be paid until the age of 65. Keep in mind that the definition of “disability” varies by insurance company. It can also differ between insurance plans from the same company in some cases.
How much do I stand to gain from long-term disability benefits?
The amount will vary according to the type of policy you have. Benefits can range from 50% to 85% of your regular monthly income in some cases.
What happens if my application for long-term disability benefits is denied?
You should seek legal counsel from our long-term disability attorneys as soon as possible. Some policies have a six-month limitation period, after which you will be unable to appeal the decision or pursue litigation.
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