Being Unable to Support Yourself: What Are the Main Differences Between Short-Term and Long-Term Disability?
Being able to support yourself after an accident that resulted in a short or long-term disability, can be very difficult, fortunately, approaching a disability attorney for help could alleviate your concerns and sufferings.
There are a number of similarities between short and long-term disability insurance coverage but the main striking difference is that short term disability benefit will only cover a certain percentage of the disabled person’s lost income or wages, but a long-term disability benefit is designed as a permanent benefit for an individual disabled person who is unable to work as a result of suffering permanent injuries.
Supporting yourself with short-term disability benefits
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Short term disability benefits are designed to cover part of an income of a temporary-disabled individual who could not work for a few days or weeks. The payment of this benefit normally commences when the disabled individual has exhausted his or her sick leave at work or when their regular paychecks have ended.
In the first few weeks, the disabled individual will receive compensation that is the same or comparable to their regular income or salary, but the payments may drop to about 60% after. The main drawback of the short-term disability benefit is that it has a definite term for payment of supports, this, however, will vary from one policy to the other. To get more from your short-term disability benefits please call Darras Law firm where an attorney will be able to look into your case and help you maximize your short-term disability entitlements.
Supporting yourself with Long-term disability benefits
Long-term disability is also referred to as LTD, is designed to support an individual from life-threatening illnesses or accidents that have permanently ended the individual’s ability to earn a regular income. This is a type of disability insurance coverage that is designed to pick up where short-term disability insurance ends. In most cases, there must be proof that there is no sign of recovery of the disabled person after a minimum of 6 months of the illness or injury.
Many Long-term disability benefits will be paid until the age of 65 and very few of them will pay compensation after that age. It is important to contact a disability attorney, in order to get the most out of a long-term disability benefit.
In both the short and long-term disability cases, there is no prohibition on the recovery of money from other expenses that have been caused by the illness or injury. For instance, if the sickness or injury resulting from your workplace, the company may be liable to pay workers compensation benefits to you and if you were involved in an auto accident not caused through negligence on your part, you may qualify for compensations from the other party’s insurance coverage.
This is the reason why it pays to seek the help of a disability attorney to work out modalities for maximizing all potential benefits you may benefit from, as a result of your short or long-term disability.