If you lose a leg or end up with a bad knee. You are considered to have a long-term disability if and when this happens. You also may or may not be able to ever work again. If you do work, it may be only part-time at the very most. You would want to apply for Long-Term disability benefits, but what do you know about them? If you know nothing or not much, you should read this article to learn more about Long-Term disability (LTD) in Ontario. Since life is unpredictable at times, you may need it one day.
More about long-term disability
If you work full time, you likely are covered under your employer’s insurance plan. Most of these health insurance plans offer LTD. You may need the benefits if you are injured and are unable to work at full capacity either for a long period of time or indefinitely. If you want to qualify for LTD, you have to pass a ‘qualifying period.’ you must suffer from no major health problems or injuries during this time period. But this in itself is not enough to get LTD. You will be required to submit a completed application, an updated medical application, participate in treatment/rehab, and be endure a ‘change of definition.’ this occurs when the insurance company changes its disability definition from ‘own occupation’ to ‘any occupation.
Your disability insurance rider will determine what your payout will be. It generally ranges between 50 and 85% of your pre-accident monthly income. Like regular income, your disability benefits tend to be taxable – though this is not always the case. Keep in mind that long-term disability policies tend to contain many provisions. This is largely because of their (policies’) complexity. What compounds this further is the fact that letters from insurance companies are generally written in ‘elegant’ English and tend to contain terms and definitions that most people have difficulty understanding. When in doubt, consult with your personal injury lawyer in Kitchener for further clarification.
Your disability benefits application may not always be accepted. Your benefits may suddenly end. Don’t panic in these instances. Instead, consult with your personal injury lawyer. He or she will be able to explain what is occurring in terms of your benefits, why it is occurring, and how to redress that.
You do have rights
You can always win and retain disability benefits if you are ever severely injured or disabled in any type of personal injury accident. You just need to have a basic understanding of the information discussed in this article and hire a good personal injury lawyer.