When considering insurance, most people think about their large investments. Homeowner and automobile insurance protects consumers from a financial burden in the case of damage, but what security is there for sources of income? Disability insurance provides individuals a way to ensure that their income is not stopped if they become disabled due to injury or illness. However beneficial this protection can be, disputes can arise. Hiring a disability insurance lawyer to defend your claim or help you maintain benefits can be necessary. If you depend on disability insurance to pay for expenses, a disability insurance attorney at the Coye Law Firm can help you get the coverage you need.
The Social Security Administration estimates that an individual has a three in ten chance of becoming disabled before they reach retirement age. Although the federal government provides most people with basic protections, it may be necessary to buy extra protection for the unexpected.
Sources of Insurance
Disability insurance is available through many sources, such as:
- Social Security
- Employer programs and workers compensation
- Veterans Affairs
- Private policies
Social Security disability insurance is a federal program that protects citizens from losing money because they are unable to work. Social Security is a common government-funded program for disabled individuals. There is also long-term disability insurance that you may privately purchase on your own. If you are an individual who is applying for Social Security Disability, you should read our webpage about the relationship and affects between Social Security and long-term disability.
Employer programs also protect employees in the event of personal injuries, one program being workers compensation. Our workers compensation lawyers specialize in this area, and they can answer questions you have about benefits and qualifications. Disability insurance may be offered in addition to your employer's health insurance program or not, depending on your benefits package. Veterans Affairs protects military personnel and their families from financial hardships resulting from injury or death. These benefits, however, have been criticized for being too slow or too little. If you are self-employed or work for an employer that doesn't provide benefits, private disability insurance plans are available. The scope of what constitutes a disability often has an effect on the price of the policy.
Statistics about disability coverage, including the chances of becoming disabled and number of individuals insured, are available in this chartbook provided by the Society of Actuaries and America's Health Insurance Plans.
Each source of insurance has different qualifications for receiving benefits. The Social Security Administration, for example, states that a person cannot receive benefits until he or she has been considered disabled for at least 5 full months. More about the Social Security process can be found here. Medical records, written proof, and examinations may be necessary to prove to your insurer that you need to start receiving benefits. Keep track of any documents related to your disability to strengthen your case.
Multiple Sources of Benefits
Disability insurance is designed to protect a person or employee from losing wages in the event of a disabling injury. If this happens on the job, they may receive workers' compensation benefits as well. No matter what claim you are pursuing, an insurance company may deny or limit the benefits you receive. Individuals who have a disabling injury and need to collect more benefits than they are receiving should consult experienced disability insurance attorneys at the Coye Law Firm. If injured in a car accident, at work, or by someone else's negligence, you have many sources of liability for your injuries. Ensure that your injuries are paid for by calling the Orlando disability insurance lawyers at the Coye Law Firm today. Don't settle for low, limited, or denied payments. Call us today.
If you have been affected by a disability, including injuries or illnesses, you need protection when communicating with your insurance company. The insurer may consult legal counsel to try to exclude you from coverage, and the best way to counter this is to hire an experienced disability attorney. The Coye Law Firm knows tactics that insurance companies use to deny benefits. contacting our offices today will provide you with aggressive representation in your fight for disability coverage.