A disability could severely impact your life and ability to work. You may be qualified for long-term disability (LTD) benefits, which can cover medical expenses, lost wages and other financial matters. There are many reasons why an LTD claim may be denied, which can...
What happens after a long-term disability benefits claim denial?
Many workers who have complex compensation packages expect that they will likely never need those benefits. Employers may provide long-term and short-term disability insurance coverage as part of a robust compensation package. Employee benefits that include...
How much does a spinal cord injury (SCI) cost?
It’s very expensive to suffer from a spinal cord injury. The costs do depend on the location, which affects how much range of motion is lost, and the severity of the injury. But an SCI is almost always a very expensive injury, especially when you factor in lost wages,...
Do LTD insurers use physicians to do their dirty work?
When you bought your long-term disability (LTD) policy, you saw it as an investment for the future. After all, you have a one-in-four statistical possibility of becoming disabled before you retire. Unfortunately, long-term disability insurers don’t always live up to...
Requirements for employee-sponsored long-term disability benefits
In today’s competitive business landscape, attracting and retaining talented employees is crucial for the success and growth of any organization. Offering comprehensive employee benefits is one of the key strategies companies employ to help ensure employee...
Points to remember about dismemberment insurance
Dismemberment insurance, often paired with life insurance in a package known as accidental death and dismemberment (AD&D) insurance, provides financial protection because of a severe accident. It offers peace of mind, knowing that if an accident leads to the loss...
Has a long-term disability insurer offered a lump-sum buyout?
Once your long-term disability (LTD) claim is approved and stabilized, the insurer may offer you a lump-sum buyout. You could obtain a considerable sum in exchange for ending your claim once and for all. A final lump-sum payment sounds great on paper, but it is...
What qualifies as a long-term disability (LTD)?
As people grow older they have a higher risk of developing medical illnesses, catching a disease or injuring themselves. These health conditions can disrupt a person's daily routine. That’s why there are disability benefit plans available. While some illnesses and...
How gaps in treatment can affect your long-term disability
When you’ve suffered an injury or developed an illness that keeps you from working, you may rely on your long-term disability policy to keep you afloat. Unfortunately, gaps in your medical care can put your benefits in danger. Whether you’re still trying to obtain the...
Can disability insurers commit fraud against consumers?
It is common to find stories about consumers committing insurance fraud, but you almost never hear about fraud on the part of insurers. Unfortunately, it can and does happen, leaving those who depend on their insurance without the coverage they purchased. Several...