More than 25 percent of people become disabled before retiring. That said, filing for long-term disability (LTD) is worth it if you are facing this situation. You can use your cash benefits to pay for things like living expenses, medical costs, and however, else you see fit.
It is the most complete form of coverage when compared to Social Security Disability (SSD), workers’ compensation, and short-term disability (STD). If you are trying to establish if filing for LTD is right for you, make sure that you speak with an Arizona long-term disability lawyer for legal advice.
The Benefits of Long-Term Disability
One of the most compelling motivations to file for long-term disability is related to financial need. If you are disabled long-term and unable to work, then you need income to take care of yourself and your family. LTD can meet this need.
In addition to the financial benefit, here are five reasons why filing for LTD is helpful:
- You are not restricted in how you can use the money
- You do not have to pay back any interest or penalties
- The benefits are tax-free if the premiums were paid with after-tax dollars
- It precludes you from having to tap into your retirement prematurely
- LTD can last up until you reach the age of retirement
Can You Be Denied Long-Term Disability?
Insurance program administrators work for insurance companies to evaluate long-term disability applications. These applications are routinely denied, even if it is clear that you have a long-term disability.
The most common reasons long-term disability claims are denied include:
- Insufficient medical evidence
- Failure to meet the definition of disabled
- Missed deadlines
If your long-term disability claim is denied, then you have options. You can file an internal appeal, which may result in more of the same answers. When you are not receiving adequate benefits that you deserve, you can work with an Arizona disability lawyer to help you work through the process.
He or she will hold the insurance company’s hand to the fire while ensuring that your claim is meeting the requirements to receive benefits. If an out-of-court settlement cannot be negotiated, then your attorney may recommend that you follow up with your claim by taking it to civil court.
Speak with an Arizona Long-Term Disability Lawyer for More Information
Navigating the issues associated with long-term disability and other disability benefits is complicated. You do not have to face insurance companies or the Social Security Administration (SSA) alone.
Get someone to fight in your corner by hiring an Arizona long-term disability lawyer at Ronstadt Law – Arizona Long Term Disability Attorneys. Request your private consultation with our legal team today by calling 602.615.0050 or sending us a message through our contact form.