The very notion of getting injured at work and no longer being able to support yourself is frightening. But what’s even scarier is the fact that if you might not be covered by a long-term disability policy in Pennsylvania, if that should happen not being able to work is going to be the very least of your problems. That’s why signing up for a comprehensive program that guarantees that you will receive top-notch benefits and care in the unfortunate likelihood that your ability to provide for yourself and your family becomes impeded. But when and how does Long-Term disability take effect?
There are two kinds of disability insurance: Long-Term Disability, and Short-Term Disability.
Short –Term disability insurance is typically provided through your employer and replaces a portion of your insurance for a short period of time before your long-term disability insurance kicks in. It is possible to acquire short-term disability insurance through private companies, but these plans tend t be more costly than they are actually worth.
Short-term disability can last anywhere from three to six months depending on the elimination period of your long-term disability insurance. The elimination period refers to the time period between the start injury or illness and the beginning of the received benefits from the insurance company. Some insurance providers refer to this as a “qualifying” period, during which time the insured is expected to provide for themselves, or hopefully already have some sort of short-term disability policy in place.
Some insurance companies treat this elimination period as a form of “deductible”. So instead of paying a portion of the medical care and expenses covered by the policy, they are placed in a waiting period where they provide for themselves. The elimination period can be as short as 30 days or as long as a year depending on the type of policy and the severity of the disability.
Once the long-term disability policy kicks in, depending on your specific policy, you will receive compensation and benefits that will subsidize medical expenses and loss of wages incurred as a result of no longer being able to work. Long-term disability can last for years depending on the severity.
If you are thinking about signing up for a long-term disability policy or have questions on how the process works or which insurance company is right for you, contact a disability insurance lawyer who can help you today. Here at Edelstein Martin & Nelson, LLP, we assist individuals throughout the greater Philadelphia area and Delaware. We will help and counsel you on what kind of policy is best for you, should something occur that inhibits you from taking care of your self and your family. Leave no stone unturned when it comes to your long-term wellness.
Call (215) 858-8440 or contact us online to have our lawyers discuss policies and insurance companies to help you understand all of your legal options during a free consultation.