Who Pays For LTD Coverage?
Often, an individual’s employer is who pays for LTD coverage. The employer covers the premiums necessary to allow disability insurance coverage if the worker is injured, sick, or otherwise may not continue to perform their duties at work. However, some employers do not offer such coverage, and therefore, the employee has to pay if they want to receive coverage.
These types of disability coverages are a sort of safety net to keep the employees financially stable when they come down with an ailment that prevents them from working. Typically, these injuries or illnesses last for the foreseeable future until they heal, or their symptoms subside. For example, the long-term disability (LTD) plans are not in place for individuals who miss a few days because they have come down with a head cold.
Often, employers may require that their employees apply for Canadian Pension Plan (CPP) services before they apply for long-term disability. This request is because they may deduct payments delivered by the CPP from the overall total awarded in the LTD plan. This option saves insurance companies and employers money while the disabled worker may still receive the same amount of financial relief.
Reasons a Long-Term Disability Insurance Claim May Be Denied
These types of disability claims may be denied for several reasons, including insufficient evidence of an ailment, inadequate paperwork, conflicting diagnoses between your physician and the insurance company’s expert, and circumstances surrounding the premium payments. When a person receives a denial for LTD after they have worked so hard for a company, it may be confusing. Some people choose to turn to a disability lawyer to help prove their case and get them the compensation they may rightfully deserve.
If you have had a doctor refuse to fill out your forms, it may be in your interest to switch physicians while you are still ahead. As they cannot be forced to fill out the paperwork, this may prove to be a serious setback. With any problems regarding LTD applications, contacting a disability lawyer may help give you peace of mind. They may work to prove the extent of your injuries and get the insurance company to payout accordingly.
The Purpose and Use of Long-term Disability (LTD)
Long-term disability may be used for any purpose to help keep you financially stable. The entire purpose of the program is to make sure dedicated employees are not left out in the cold when they have suffered an injury or illness. Without these types of services, many workers would find themselves in financial ruin after an injury or sickness. The hardships these payments may help with include:
- Paying household bills, mortgages, and car payments
- Basic living needs like groceries, medications, and other necessities
- Helping ease mental anguish associated with your injury or illness
- And more
The specific use of your long-term disability benefit payments is to keep you moving through life until you are well enough to go back to work. As many companies require that you apply for CPP in conjunction with LTD, these programs should allow you some peace of mind knowing that there is a higher chance of you receiving at least some form of benefit coverage while you recover or adjust to your new life. For CPP, the payments stop when you turn 65 years old, or you become well enough to return to work again. If you have been injured and are having trouble getting an insurance company to pay out on your LTD claims, an injury lawyer would love to help.
Contact a Long-Term Disability Lawyer Today
The team of disability lawyers at Preszler Injury Lawyers are here to take the reins on your LTD case so you may focus on your recovery. Over the years, we have worked with thousands of clients who have been injured and have become unable to work, so there is a good chance we have seen circumstances just like yours. Together, we may be able to protect your right to benefits if you qualify. To find out more about our services, call 1-800-JUSTICE for your free initial consultation. You do not have to go through this trying time alone.