There are two primary disability insurance types: short-term and long-term.
There are two primary disability insurance types: short-term and long-term. Long-term disability (LTD) assists employees who can’t work due to health reasons. As a result, these workers obtain a monthly payment to help compensate for their lost wages. However, one unlucky reality of this process is that it might be exhausting to secure the benefits given to you. This article provides information about filing your long-term disability claim.
Intricacies of the Insurance Policy
Deciphering the intricacies of the insurance policy may be daunting. Both group insurance and individual plans have their peculiarities. You must acquire the policy before filing your long-term disability claim. Fortunately, your company’s HR department can assist you by providing the procedure and summary plan description. Make sure you request that you receive all documents in writing. Otherwise, you might not receive the proof you need to validate the claim.
Another way to minimize your claim’s validity is to miss the mandatory time limits. Filing your initial application and completing the appeals can take longer than you think. Therefore, you shouldn’t miss the deadlines. If you do, insurance companies can deny your application.
What Does Disability Mean?
You might wonder what disability means. While it’s easy to assume that disabilities are a fixed term, it actually varies. As it turns out, the definition of disability is subjective because it:
- Usually, it depends on your working status
- The severity of your condition
- If your health condition is found in the list of disabling conditions
What Does Insurance Not Cover?
Pre-existing conditions do not exist under the protection of disability insurance. Even though these health conditions can be overwhelming, receiving treatment before the health policy starts can complicate your long-term disability claim. Other factors that are not covered by long-term disability are:
- Alcoholism
- Drug abuse
- Suicide attempts
- Injuries
- Acts of war caused by criminal acts
Additionally, mental health disabilities such as anxiety and depression will enable you to receive benefits, but they expire after a set period (typically after a year). However, this doesn’t always happen.
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