Many individuals regularly sit down and look at their budgets in an effort to find ways to cut their costs. One of the first expenses that workers start to question is insurance costs. Many individuals may think of it as unnecessary to have disability insurance. That's not the case though. This coverage can provide a worker with much-needed income if they get hurt or fall ill. There are many instances in which individuals who file disability insurance claims are denied benefits. They are some common reasons why this occurs.
The COVID-19 virus has hit California particularly hard, and that's spurring state officials to take action. Governor Gavin Newsom has stated that victims of the novel coronavirus who are unable to work due to their illness -- whether they are sick or their employers have shut down -- can obtain short-term disability benefits from the state.
You try to use your long-term disability insurance, but you get denied. Since you know you are disabled, you're shocked. Is this all you can do? Is that the end of it?
A spinal cord injury can happen in a fraction of a second. You fall from a ladder at work and strike the ground. You get into a car accident as someone else runs a red light. You take a bad hit while playing football and cannot get off the field under your own power. There are countless examples.
You've made the decision that you need to file for long-term disability -- and it hasn't been easy. Like many other people facing a similar decision, one of the hardest things to do seems to be having a very necessary discussion with your doctor to get their support.
Long-term disability insurance is supposed to be there to protect you and provide you with an income when you can't work -- but far too many people find out that even though they've faithfully paid their policies for years, the insurance company simply isn't there for them when they need it.
What's one sure-fire way insurance companies can avoid paying out a long-term disability claim? When the policy holder dies before he or she can collect.
California residents who get involved in work-related incidents can end up with injuries that result in short or long-term disability. In these cases, Pillsbury & Coleman, LLP, are here to help you deal with the insurance situation.
Most people in California do not ever expect to become disabled. Nonetheless, there is no way to ever completely eliminate this from potentially happening. For this reason, many people do look into buying insurance policies that can provide them with some income should they unexpectedly be unable to work for extended periods of time. These are called long-term disability insurance policies and they do differ from short-term disability policies.
Like many California residents, you may have experienced an increase in your living costs over the last few years, especially in medical expenses. Even if your employer pays for a portion of your health insurance, chances are you have seen an increase in premiums recently. In many cases, this is because employers are pushing health care and insurance costs back to their employees when possible. This also means fewer employers are offering insurance benefits such as long-term disability. However, even if you do not get long-term disability insurance in your employee benefits package, it may be worth the expense to pay for it yourself.