What is Long Term Disability?
When an employee is hurt and sustains a serious injury, their ability to work at their place of employment may be severely limited or cut off completely. Without a source of income, employees who become disabled often have no way of supporting themselves. Fortunately, short and long term disability exists to provide financial protection in the event that one is no longer able to work. Long-term disability benefits are only available after short-term disability runs out, and these benefits can provide a person with assistance for many years if they continue to be unable to work.
If you or a loved one is in need of long term disability benefits, the Indiana long-term disability insurance lawyers of Hankey Law Office, can help. Dealing with a disability can be difficult, but with the assistance of a knowledgeable long-term disability attorney, you may be more likely to obtain a favorable resolution. Contact us by calling (800) 520-3633 today.
Long-Term Disability Basics
If you have been injured and are no longer able to work at your current place of employment, the following are a few basic facts about long-term disability that you may need to know:
- Long-term disability may be paid through your employer, through an individual LTD insurance plan, or through a group plan
- Long-term disability usually goes into effect after short-term disability has run out, and depending on the circumstances and your insurance plan, can cover you from 5-10 years or until you reach age 65
- Benefits usually pay about 50-70% of your salary
- You may need to meet certain conditions before receiving benefits that depend on the amount of time you worked for your employer and whether you worked on a full-time basis
- You may be able to seek alternative work that you are able to perform with your disability and still receive benefits if that employer pays significantly less
Obtaining long-term disability payments can be confusing, but a knowledgeable disability insurance attorney may be able to assist you in this matter.
No one expects to have a disability that prevents them from working, but when that happens, it is important to have an experienced attorney who can represent your interests. To speak with a compassionate and skilled attorney, contact the Indiana long-term disability insurance attorneys of Hankey Law Office, at (800) 520-3633.