Professionals often need so many different types of insurance that it can be challenging to understand just what types of coverage you have and where you may be vulnerable to gaps in coverage. Disability insurance is one of those areas. The Social Security Administration provides disability insurance to individuals who pay tax under the Federal Insurance Contributions Act (FICA), but professionals often elect to purchase private individual disability insurance policies or take advantage of group disability insurance offered through an employer. It is important to understand the differences between private disability insurance coverage and SSA disability programs to determine your […]
Category: Long Term Disability Insurance
Whether you are shopping for a private disability insurance policy or need to file a claim, it is important to understand how long the disability insurance benefits can be expected to last. The answer depends on a variety of factors. Often, the fine print in your disability insurance policy will provide the information you need to assess the duration of benefits, but sometimes the factors that affect the duration of benefits are not well-defined within the policy itself. If you believe an insurance company has wrongfully discontinued benefits, an attorney who focuses on private disability insurance can help you recover […]
When you’ve been receiving benefit payments through a long-term disability insurance policy—or sometimes at the time you are approved for benefits—the insurance company may offer you the opportunity to take a lump sum settlement in lieu of monthly payments. The appeal of having a sizeable sum to invest for your future or pay off debts has undoubted appeal. After all, most professionals have the skills or connections to make profitable investments that could produce more money than the monthly payments. However, before accepting a buyout of this type, it is important to consider several critical factors. As a legal team […]
Although many professionals purchase disability insurance with the idea that they may need protection in case of a sudden disaster, such as being injured in a car accident, the fact is that many, if not most, disability claims stem from conditions that develop over time. When the onset of a disability is not sudden and obvious, the claims process can be very different and often more challenging. Understanding the difference between disability insurance claims involving chronic illnesses and conditions claims involving sudden onset disabilities can make it much easier to succeed in obtaining benefits. While every claimant and medical condition is […]
When you need to file a claim under a disability insurance policy, or you’re trying to determine what kind of disability insurance coverage you need, it is important to understand the distinction between short-term disability insurance and long-term disability insurance. The policies are quite different in several key ways. Questions about when you qualify for benefits and how much you are eligible to receive will vary depending on the terms of your policy. While every disability insurance policy is unique, there are some basic differences between short-term and long-term disability coverage. An attorney who works with disability insurance claims can […]
Dementia is a challenging disease to address. This is especially true for doctors for a number of reasons. Not only is dementia a disease that can be difficult to identify but there is still a stigma around any type of mental or cognitive impairments, especially in careers that have a high level of education and training required. While the medical community is making strides toward eliminating this stigma, there is still progress to be made. Unfortunately, the complexity of diagnosing dementia along with the stigma of psychiatric and psychological conditions creates problems when it comes to seeking disability insurance benefits. […]
The research into Covid, lingering symptoms, and treatment protocols continue today. Though medical researchers have learned a lot about this disease that suddenly appeared and caused catastrophic levels of disability and death, there is still much to learn. A new study has focused on identifying symptoms and symptom clusters to ascertain long Covid in patients. By establishing more criteria for long Covid, medical researchers are able to further study the effects of the long Covid as well as develop treatments for Covid patients. This research gives hope for improving the care that those disabled by long Covid receive as well […]
Long-term disability insurance benefits provide peace of mind by preparing for the event you are unable to keep working due to a disabling condition. Long-term disability insurance policies typically cover a period of time that extends from several months to years as long as the disabling condition exists and the qualifying policy definitions are met by the disabled insured. Some disabled physicians are able to return to some form of medical practice after receiving extensive medical treatment for their disabling condition. However, recovery from a disabling condition does not protect you from never experiencing a setback or becoming disabled in […]
Disabling conditions present complexities to anyone suffering from a disabling illness or injury. From medical treatment and diagnosis to managing daily activities of living, disabling conditions bring many challenges. Add on to those challenges that disabling conditions often prevent working and earning income, those suffering from a disabling condition have a lot to overcome. Fortunately, disability insurance benefits can provide financial security to insureds who are unable to work due to disability. Doctors and other high-earning medical professionals need to protect their future by contracting for these benefits in advance and pursuing disability insurance benefits when illness or injury prevents […]
Long-term disability insurance is a financial protection against income loss if you become disabled and are unable to work. This investment in your future can provide peace of mind by providing replacement income when a disability prevents professionals from maintaining their careers and livelihood. In professional careers, such as doctors, the disability insurance coverage contracted for at the beginning of a medical career may no longer be adequate as a doctor’s career grows and develops. Fortunately, disability insurance companies offer a variety of policies and riders that can augment coverage to adjust to a doctor’s changing needs over a career. […]