Short Term Disability vs. Long Term Disability Insurance
If you work in an industry that sees a high number of serious injuries among employees each year, you should consider getting disability insurance. Perhaps you already have considered getting insured but are confused between the two different types of disability insurance, long term and short term.
Short Term Disability
Short term disability insurance is meant to provide income replacement for injured individuals who are out of commission for a limited period of time. Short term disability insurance is great, for example, for people suffering from severely broken bones or blown knees requiring invasive surgery and a long recovery period. It generally kicks in fairly fast and should cover you throughout the duration of a short term disability. If the injury is so severe that you become disabled for a very long period of time, you will need to be covered by long term disability insurance.
Long Term Disability
Long term disability is essential to protect yourself against an injury that will keep you from working over a long period of time. Long term disability can provide income replacement for years, and in some cases until retirement, for injured individuals. This insurance does take a while to provide benefits and thus it should be coupled with short term disability insurance so you will be covered through the entire duration of your injury and resulting disability.
If you would like to learn more about filing a long-term disability claim, or if you would like legal help and guidance while filing your LTD claim, then the Indiana long-term disability lawyers of Hankey Law Office can help. To speak with an attorney about your situation, contact us today at (800) 520-3633.