Like any type of insurance coverage, there are those who believe in the power of long term disability insurance and those who think that this is not right for them. This holds true both on an individual level, as well as among employers who are in position to offer this benefit to workers.
Regardless of location, from California to Florida and everywhere in between, the ability to purchase long term disability is something that most should consider. Fortunately, an increasing number of people are beginning to look into what this has to offer.
At this time, long term disability is on the upswing, with a growing number of individuals looking for protection. Those who do not receive coverage through their employer have the ability to buy on their own.
At this point, many employers are overlooking the importance of offering disability coverage. The reason for this is simple: They are preoccupied with medical coverage, especially with all of the changes that are taking place. This often means that other benefits, such as disability insurance, are put on the back burner.
With a variety of benefits, even those who have to purchase their own long term disability are doing so. They realize that this type of coverage is every bit as important as others, such as a comprehensive medical plan.
For those who receive group coverage, making a claim is not always as simple as it sounds. In the event of a denial, consulting with an experienced employment law attorney is often the best first step to take.
Source: benefitspro, “Individual disability’s growing role” Ingrid Case, Feb. 05, 2014