Long-Term Disability Denials, Appeals and Settlements
Long-term disability benefits ensure you a monthly income on a long-term basis until you are eligible to work again or turn 65 years of age. When you turn 65 you would then file for Social Security Retirement. Under long-term disability policies, a person is assured a reasonable income per month from the company to help make up for his or her inability to work due to a disability and to look after his family. The benefits from the employer's scheme as well as the private insurance schemes are sometimes dangerous and face extermination after a certain period of time.
This means, that you can be denied the payments as disability benefits from the insurance company or from your employer. This happens quite often and the only way to handle it is to file an appeal with the long term disability insurance carrier and/or your employer. A lot of people have had very serious problems after sudden removal of benefits. If your benefits are denied, you can sue the company or the association, or entertain the idea of settling your LTD claim.
Even if our benefits are not denied and you are collecting Long-term disability benefits, you can still consider settlement of your claim. This is something you should consult with an attorney for in order for the true value of your claim to be received. Please contact us to discuss this as an option.
Under this plan, we would work with you and the insurance company to come up with a fair settlement for future benefits. This is often a sound idea if you feel you may be ready to re-enter the work force or in the alternative if you have a disease that could result in death. If you return to work or pass away the Long-term disability carrier in most circumstances is not responsible for any further payments to you or your family.
The long-term disability settlement amount depends on your age and the time left for your recovery as per medical documentation or the time left to attain 65 years of age. Once you receive the amount, the company or the source of your monthly income is free from all liabilities and is not affected under any law of disability benefits. The settlement is done with the intention of gaining a good amount to start an alternative source of income.
If you are denied Long-term disability benefits it is very important to consult with an attorney to learn what your rights are. We offer free consultations to help education you on your options under the law. Please contact us at Homan & Sullivan, P.C. to discuss how we can help you with your Long-term disability claim or denial of your benefits. We handle all types of Long-term disability issues including appeals and settlements.
