Treasury Department announces paperless payments goal

This Monday the Treasury Department announced that they would be switching from a paper-based system to a direct deposit system for federal benefit payments by 2013. The number of paper checks mailed by the Department of Veteran’s Affairs, the Social Security Administration, and other organizations that pay benefits will be reduced by over 135 million.

The Treasury Department also noted that they will no longer be purchasing paper savings bonds through payroll sales.

The government has attempted to set up a direct deposit system in the past but has always failed due to the lack of a debit card program for beneficiaries without bank accounts. The government will be establishing the Direct Express Debit MasterCard program to accommodate these enrollees, said Assistant Treasury Secretary Richard L. Gregg.

Officials estimate that around $400 million will be saved in the first five years of paperless payments.

If you or someone you love is not receiving the benefits that they should, or you want to discuss the legal ramifications of how you will receive your payments once the system becomes paperless, contact the Indiana long-term disability lawyers of the Hankey Law Office, at (800) 520-3633.


How long does long-term diability coverage last?

When individuals sign up for long-term disability coverage plans, they should be aware of how long the coverage will last. The length of coverage often varies from one year to the age of retirement and beyond.

The length of coverage is often detailed in the paperwork provided by the insurance company. Because these details are often voluminous, many individuals seek the assistance of an attorney for understanding the paperwork.

If you or anyone you know has questions about a long-term disability claim, contact the Indiana long-term disability lawyers of the Hankey Law Office, at (800) 520-3633.


Healthcare overhaul contains provision for long term care

The health care overhaul law signed by President Obama last month contains a provision that could help people care for those suffering from long term disabilities. The law establishes a program called the Community Living Assistance Services and Supports Act (CLASS Act), which would provide cash to eligible enrollees who suffer from disabilities that limit them in at least two daily activities such as eating, bathing, or dressing.

Opponents of the Act believe that it will be financially untenable and that too few Americans will sign up for benefits. Senior manager of health policy at the U.S. Chamber of Commerce James Gelfand doubts that participation will be adequate because only about 5 percent of eligible employees actually participate in their employers’ private long-term care insurance benefit programs.

Around 7 million Americans own private long-term care policies.

Long term disability laws are complex and changing all the time at both the state and federal level. If you need legal advice in this area, contact the Indiana long-term disability attorneys of the Law Office of Charles D. Hankey at (800) 520-3633.


Cancer Patient Fights for Change in LTD Legislation

A woman with terminal cancer, who has waited months for her long term disability benefits, will finally take delivery of her first check on May 19.

The process of being approved for long-term disability benefits can take years. Once someone is approved, there is a built-in lag time that is meant to “ensure that we do not pay benefits to people who do not have a long-term disability,” said Kia Green, a spokeswoman for the Social Security Administration.

Ten months ago 47 year-old Heather Russell was diagnosed with stage IV cancer. Doctors found tumors spreading through her lungs, brain, pelvis, neck, and adrenal gland. Russell and her family are fighting to have the built in lag time law overturned. United States Senators Jeanne Shaheen, D-New Hampshire, and Susan Collins, R-Maine, are cosponsoring legislation, known as S. 700 “to eliminate the waiting period for individuals with life-threatening conditions” covered by social security.

If you or someone you love suffers from a long-term disability and you aren’t getting the money you deserve, the Indiana long-term disability attorneys of the Law Office of Charles D. Hankey may be able to help. Contact us today by calling (800) 520-3633.


$57M Agreement Reached in Nortel LTD Lawsuit

Two groups representing former Nortel Networks employees say their members will have their long-term disability benefits extended after a ruling in Ontario Superior Court Wednesday.

The $57 million agreement reached Monday, preserves benefits for the former employees until the end of 2010. Extending the long-term disability, health, and pension benefits for over 20,000 employees who have been laid off and not yet received severance and employees on long-term disability.

The original Nortel pension plan was set to expire Wednesday and cut off the employees benefits. The two groups, Nortel Retirees and former Employees Protection Canada and Canadian Nortel Employees on Long Term Disability, said that the court has approved the new agreement, but has not yet officially announced the ruling.

If you or someone you love suffers from a long-term disability and you aren’t getting the money you deserve, the Indiana long-term disability attorneys of the Law Office of Charles D. Hankey may be able to help. Contact us today by calling (800) 520-3633.


ERISA Lawsuit Filed Against WI Construction Company

A construction company in Wisconsin is the target of a federal lawsuit alleging ERISA violations that resulted in $4 million of plan losses for employees.

President and CEO of Westra Construction Inc. in Waupun, Wisconsin, is named in the suit along with a trustee of the company’s ESOP. The lawsuit was filed by the Department of Labor in United States District Court in Milwaukee. Westra is accused doctoring financial reports and ordering the plan to buy 40,000 shares of non-voting convertible preferred Westra company stock for $4 million.

Two years following the $4 million purchase, Westra ceased operations, making the stock worthless.

The Labor Department lawsuit is seeking to restore the employee stock ownership plan.

Assistant Secretary of Labor of the Employee Benefits Security Administration, Phyllis C. Borzi said Westra “diverted retirement assets to subsidize corporate activities, thereby jeopardizing the future retirement income of their workers…”

If you or someone you love has been injured and is not receiving the long-term disability that he or she deserves, please contact an Indiana long term disability lawyer of the Hankey Law Office by calling (800) 520-3633.


Veteran's Benefits Vs. Long Term Disability Benefits

Compensation and insurance provided to military veterans is very similar to workers’ compensation. The overall compensation system in both sectors involve more than one type of insurance such as health insurance, disability income insurance, life insurance, and possibly mortgage insurance. Despite these similarities, the application process for these benefits is quite different.

Applying to receive veteran’s benefits requires that you go through the Office of Veterans Affairs. The Office of Veteran Affairs handles all VA Disability Compensation and in order to qualify a veteran must have suffered a disability related to time spent in the armed forces. A veteran who was dishonorably discharged due not qualify for benefits.

If you are eligible for benefits, you could receive between $123 and $3100 each month. Additional supplementary payments to compensate family members may also be available.

Filing for VA disability benefits can be quite a complex process. To speak with an attorney about the legal options available to an injured veteran, please contact an Indiana Long Term Disability Attorney of the Hankey Law Office, by calling (800) 520-3633.


Lawsuit Claims Prudential LTD Denials Illegal

A class action lawsuit filed in New York claims Prudential Insurance Company of America violated the ERISA when it conducted long-term disability claims appeal reveiws.

The lawsuit, filed in U.S. District Court for the Eastern District of New York, contends that “potentially thousands” of long-term disability claimants who filed a “scondary/voluntary” appeal after November 14, 2005 were denied by the same Prudential employee who denied the first appeal. Under the Employee Retirement Income Security Act, a decision maker on a second appeal must be an independent person who was not involved with any previous denial of a claim.

The lawsuit is seeking a court order requiring Prudential to re-evaluate thousands of voluntary appeals that it denied. This reassessment could potentially result in “millions of dollars” of past due benefits.

If you or someone you love has been injured and is not receiving the long-term disability that he or she deserves, please contact an Indiana long term disability lawyer of the Hankey Law Office by calling (800) 520-3633.


Nortel Reaches Long-Term Disability Settlement

Nortel Networks Corp., which recently filed for creditor protection, has reached a settlement agreement with former employees seeking long-term disability.

Under the terms of the settlement agreement, Nortel will continue to pay medical and dental benefits to pensioners and long-term disability beneficiaries for the remainder of 2010. Any claim made by any party in relation to the matters settled under the new agreement will rank as ordinary unsecured claimes under the CCAA proceedings.

While the settlement is still subject to court approval, a charge in the maximum amount of $57 million on Nortel’s assets will be established to secure the payments to be made to long-term disability beneficiaries.

If you or someone you love has been injured and is not receiving the long-term disability that he or she deserves, please contact an Indiana long term disability lawyer of the Hankey Law Office by calling (800) 520-3633.


Veterans Seek Long-Term Disability in Class-Action Lawsuit

The Defense Department recently agreed to expedite the claims of thousands of Iraq and Afghanistan military veterans suffering from post-traumatic stress disorder but have been denied benefits.

The veterans’ advocacy group National Veterans Legal Services said at a press conference in Washington that more than 4,000 veterans could be eligible for benefits from a class action lawsuit if hey left the military because of their PTSD.

The original lawsuit was filed by seven veterans who suffer from PTSD in 2008. The seven veterans had been denied a required rating to make them eligible for a variety of long-term disability benefits. A court authorized mailing is now going out to veterans on a list of some 4,300 veterans informing them of their ability to join the lawsuit if they qualify.

Bart Stichman, a spokesman for National Veteran Legal Services, said “The legal notice gives thousands of veterans the right to join this class action under terms that are likely to result in millions of dollars in monetary and health care benefits.”

If you or someone you love has been physically or psychologically injured and is not receiving the long-term disability that he or she deserves, please contact a Indiana long term disability lawyer of the Hankey Law Office by calling (800) 520-3633.


1 6 7 8 9