Knowing the Long-Term Disability Claim Process
Ensure you can still support yourself and your family’s living expenses by filing a claim for financial assistance if you were unfortunate enough to be involved in a significant accident or become ill and forced to quit working.
Unfortunately, the procedure can be challenging. It’s a stressful time for everyone. It could get made more accessible to submit the long-term disability claim simply, but it’s not. The bureaucratic process, at its best, will show its ugly face.
The following should serve as a clear guide to better inform you of what is necessary to qualify for financial benefits and how to submit a successful application. It is an attempt to assist you in navigating your way through the complexity of the long-term disability claim procedure.
What Is the Definition of a Long-Term Disability?
Regarding the insurance policies in question, all policies will include a specific listing of illustrations. This list should get reviewed before implementing any long-term disability policy for individuals or groups offered by particular employers.
It’s equally important to know what a long-term disability means to make sure you can make an effective claim.
What Gets Considered to Be a Long-Term Disability?
There is a gap between what the government and insurance companies consider the length of a long-term disability. The government defines a long-term disability as lasting more than 15 weeks. Insurance companies have long-term disability insurance policies that usually take effect after six months. Therefore, their definition of long-term disability lasts more than six months.
It is crucial to note that there’s a significant distinction between long-term disabilities and permanent impairment. Permanent disability means that you won’t be able to return to work. Long-term disabilities can prevent your ability to work for a long time after an illness first develops or right following an accident. The insurance policy could end the payout or cut payments if you can return to work.
What Support Does the Government or the Insurance Company Provide for Long-Term Disability?
The law doesn’t oblige you to carry any disability insurance. It also doesn’t require employers to offer either long or short-term disability coverage to their employees.
If your employer gets covered under the Workers Compensation Program, then you could be eligible to receive financial assistance. It is the case if you’ve been injured at work and are disabled.
Apart from the amounts of payments, there’s another significant distinction between payments from government agencies and payments by insurance firms. A long-term disability insurance firm will begin to pay you when any short-term disability insurance policy is over, typically after six months.
Due to the long-term disability waiting time, One of the longest-term disability concerns you should ask yourself is whether your disability can endure at least nine months without income. If you can’t answer that question, it is time to consider the possibility of a long-term disability insurance plan.
What Are the Requirements to Make an Application for Long-Term Disability Insurance?
Suppose you are in a position where you are required to apply for medical disability. In that case, it is crucial to know everything needed.
It’s equally important to take the time to read each claim form section. It will determine precisely the information you must include in your application.
Suppose the claim gets made to the insurance provider. Be sure to confirm whether all premiums have to get paid and that they are current! In that case, you must also check the policy documents to determine the specific insurance company’s claim procedure.
Making a Long-Term Disability Claim? Assistance with Ottawa Life Insurance
There’s a lot to be concerned about when filing an application for disability benefits over a long period. Contact Ottawa Life Insurance at (613) 454-1424 or email us at info@ottawa-lifeinsurance.ca for further information.
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