Best Disability Attorneys in Florissant, MO

Eligibility is based on which group plan offers long-term disability insurance coverage. When coverage is from an employer, employees must be employed for a time period, which is called a service wait, before being eligible. If you are covered through a professional or association affiliated organization, your coverage goes into effect once you have been a member of the group for the time specified in membership details.

In most cases, your monthly benefit payment is a percentage of your gross earnings before your disability occurred. Other plans may have a set dollar amount without considering a percentage of your wages. The summary plan provided by your employer or organization should provide details.

To qualify for a pre-existing condition exclusionary period under a group plan for long-term disability, you usually have to meet certain requirements that are outlined in the plan. These requirements may include signing up for coverage during the initial enrollment period, remaining part of the group and enrolled during the service wait and exclusionary period for a pre-existing condition. The time period for pre-existing conditions can last for a minimum of 12 months and a maximum of 24 months.

No. Coverage under a long-term disability insurance plan only provides wage replacement benefits. Keep in mind, with an employer-sponsored plan, continued eligibility for medical and life insurance coverage might be determined based on your eligibility for long-term disability benefits. Speaking with a long term disability attorney in St Charles will help to ensure you receive all the benefits for which you are entitled.

Although each provides some type of monetary benefit, there are distinct differences. Long-term disability insurance is considered a private insurance plan that is offered through group or individual plans. With long-term disability, there are no income and asset restrictions. Coverage will vary based on the type of insurance policy you have. Social Security Disability Insurance is administered by the Social Security Administration and is a monthly benefit for individuals who qualify based on the amount of FICA taxes they paid through previous work. Instead of a percentage of gross wages on one job, the amount you receive is based on previous earnings from all work. Supplemental Security Income is another public cash benefit for individuals with a disability and limited income. Monthly benefits are based on financial need and living situation. You do not have to be part of a group to be eligible.