Do I Need to Purchase Disability Insurance?
Many who become injured and miss work can’t afford to live without a paycheck for an extended period of time. If you have been working and paying into Social Security then you are eligible to apply for Social Security disability insurance. The problem comes when you are denied benefits under Social Security disability insurance and still need money to pay for things like food and housing. Even for those who do qualify and receive assistance through Social Security, the Social Security disability benefits will only provide a little more than $1,000 per month.
This is where private disability insurance can be beneficial. Private disability insurance can be purchased through an employers plan or separate from your employer. Many are dissuaded by the cost when seeking coverage outside of the plan provided by an employer. Whatever the price, the benefits outweigh the cost. Workers who are injured on the job or suffer an accident outside of work can still collect benefits when they pay into a private disability insurance plan. No matter the industry, disability insurance is a smart investment.
In the past, the majority of the claims submitted to private disability insurance companies consisted of claims of broken bones, car accidents, and other things that would prevent someone from working in a factory or doing other physically demanding work. Today insurance companies are seeing more and more claims for disability benefits that include carpel tunnel from repetitive usage, and different types of cancer. While we do our best to stay healthy and safe in the work place, you cannot foresee missing work and the stability of your paycheck for an undiagnosed illness.
While your health insurance will cover the treatments, disability insurance can cover the time away from your regular paycheck. This is a personal choice that should be done only after a risk assessment and an understanding of what type of coverage insurance companies can provide. When purchasing disability insurance, make sure that the plan covers what you need.
Insurance companies will treat the disability insurance claim like any other insurance claim, denying some and approving others. When you are injured or facing prolonged treatment for cancer or another serious illness, you don’t have time to fight the insurance companies alone. Hire a private disability insurance lawyer who can help advocate for your rights and appeal your denied claim. Not only will hiring an attorney show the insurance company you mean business, it will also allow you to focus on getting better and reduce the stress of preparing an appeal on your own.
At Agee Clymer Mitchell & Portman, our experienced attorneys help individuals appeal denied private disability insurance claims through out Ohio. We work hard to advocate for the rights of our clients and help you obtain the benefits to which you are entitled. To learn more about how our dedicated lawyers can help you, contact us today for a free consultation. Call 614-221-3318 now and let us help guide you through the long process of private disability insurance appeals.