Everybody works hard for the money and saves it for
the so-called rainy days. More than making both ends meet, people also save
money that they can use in times of sickness and other problems. In the
workplace, especially for high-risk jobs, employees can get hurt, injured, or
disabled for a period of time.
Usually, benefits are extended to workers who can’t
report for work because of their disability. However, there are times when the
injuries that they have incurred are really serious that they experience long-term
disability. This is a very difficult time for the injured worker given that he
or she got it while at work.
The good thing is that insurance companies offer
long-term disability insurance. As mandated by the Employee Retirement Income
Security Act (ERISA), companies are asked to give their employees the choice of
having a long-term disability insurance coverage. This is such a great help for
workers in cases where they get disabled for a long period of time and are
unable to work.
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| Life is what you make it. |
The difference between short-term and long-term
disability coverage is just as what the package’s name implies. Short-term
disability coverage gives the insured a percentage of its pay rate for up to
two years in cases when the individual suffers from temporary disability.
On the other hand, the long-term disability
coverage kicks in following the expiration of the short-term disability
coverage. For the long-term disability coverage, the insurance company gives a
reduced rate of the insured’s pay rate for an extended period. This is perfect
for people with high-risk jobs since they are assured of assistance to tide
them over while they are incapacitated. By availing of the insurance and
completing a service wait, an individual becomes eligible for the benefits of a
long-term disability insurance coverage.
While claims for long-term disability are generally
problem-free, there might be instances where you could have problems with your
claims. You should never worry, though, for all that you have to do is hire the
services of a Los Angeles long term disability
lawyer to represent you. A lawyer specializing in long-term
disability can help you make successful claims for your insurance policy
coverage minus the stress.
