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ERISA • Employment Law

How Much Does Long-Term Disability Insurance Pay? 

27 Jul 2022

A relatively minor injury or illness can change the way in which you live and work for months, while a more severe condition that leads to a lasting disability can change the way in which you live the rest of your life. A long-term disability can impact your ability to work and to engage in the same activities that you enjoyed before the accident. Long-term disability might also entitle you to benefits, and below, we’ll explore how much in long-term disability benefits you might be entitled to and how an attorney can help. 

One of the experienced long-term disability attorneys from The Garner Firm, Ltd. is here to answer any questions you might have about your claim, so reach out today to discuss your specific situation. 

Long-Term Disability Covers Your Lost Income Through Calculated Payments

When a person is not able to work as a result of sickness or injury, disability insurance should pay out a portion of the income that you are unable to earn. In some situations, you might have ERISA disability insurance coverage through your employer, while in others, you might have purchased your own disability policy from a private company. 

However you receive your benefits, it is important that you are paid what is necessary to replace your lost earnings and income – adjusted for inflation and other cost-of-living factors. The way in which your payments are calculated can be complex, and having a disability attorney on your side when filing your claim will help to ensure that your claim is supported and demonstrates your need for benefits.

Making the Most of Your Long-Term Disability Payments

Different factors can impact the amount of disability benefits you receive. Knowing how to approach your long-term disability claim is important to ensure that you do not negatively impact your benefit amount. 

For example, your benefits are generally calculated based on the salary you were earning before your disability took you out of work.  Thus, determining the date of your disability could affect the calculation of your benefit amount. 

Sometimes, if you have a long-term disability, your insurance company will offer you a lump-sum settlement instead of continuing to pay benefits for the rest of your would-be working years. A settlement might seem like a lot of money at first, but you always want an attorney to review any offers. A lawyer can determine if a settlement is enough to cover your needs. 

Connect with a Philadelphia Long-Term Disability Attorney Now

How much disability pays will depend on your prior earnings and whether you decide to accept a lump-sum settlement. In order to speak about how to make the most of your claim, schedule a consultation with The Garner Firm, Ltd. today.

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Mr. Garner is an ERISA employee benefits and employment attorney with over a decade of experience. The laws governing employee benefits, the employment relationship, and the workplace are complex.

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