Long-term disability (LTD) claims are meant to provide financial support when you are unable to work due to an illness or injury for an extended period. According to the Council for Disability Awareness, more than one in four of today’s 20-year-olds will become disabled before they retire.
Navigating the long-term disability claims process can be challenging. Many people struggle to get their claims approved or face delays. Seeking help from the best long-term disability attorneys can significantly increase your chances of approval.
What is Long-Term Disability Insurance?
Long-term disability insurance is designed to replace part of your income if you’re unable to work due to a serious health condition. It’s not the same as short-term disability insurance, which usually lasts for a few months. LTD benefits can last for years, depending on the severity of your condition and the terms of your policy.
There are two main types of long-term disability insurance:
- Employer-provided LTD insurance: Many companies offer LTD as part of their employee benefits package.
- Individual LTD insurance: You can also purchase LTD insurance independently from insurance providers.
How to Qualify for Long-Term Disability Benefits
To qualify for long-term disability benefits, you must meet specific criteria outlined in your insurance policy. Here are some general requirements:
- Your illness or injury must fall under the conditions covered by your LTD policy.
- You must meet the elimination period of waiting between the onset of your disability and when your LTD benefits begin.
- You’ll need to provide evidence of your disability through medical records, doctors’ reports, and any relevant tests.
- You must meet job-specific criteria of either “own occupation policy or “any occupation policy.”
Steps in the Long-Term Disability Claims Process
The LTD claims process involves several steps, and it’s important to follow them carefully to avoid delays or denials.
Review Your Policy
Before filing a claim, it’s crucial to thoroughly review your LTD insurance policy. This will give you a clear understanding of what’s covered, what’s required for filing a claim, and how long the elimination period is.
Gather Medical Evidence
One of the most critical aspects of your claim is the medical evidence clearly explaining how your condition limits your ability to work. You will need detailed records from your healthcare providers, including:
- Medical history
- Diagnostic tests
- Treatment plans
- Progress reports from your doctors
Notify Your Employer
If your LTD insurance is provided through your employer, you must notify them about your condition and your intent to file a claim. This is typically done through the HR department.
Submit the Claim Forms
Your insurance company will provide you with claim forms to complete. Be sure to fill out these forms accurately and thoroughly. These forms may include:
- An employee statement (your personal details and condition)
- A physician statement (your doctor’s assessment of your condition)
- An employer statement (confirmation of your employment and duties)
Insurance Company Review
Once your forms and medical evidence are submitted, the insurance company will review your claim. They may request additional information to verify your condition. The insurance company typically takes between 45 and 90 days to decide on your claim. During this time, they may contact you for further clarification or ask for additional documents.
Receiving Your Benefits
If your claim is approved, you will begin receiving benefits after the elimination period ends. Payments are usually made monthly and will continue as long as you remain disabled and meet the terms of your policy.
