Do you have long-term disability insurance through a group policy?

If so, then your policy is almost certainly governed by ERISA. Before you apply for long-term disability benefits, there are many things that you’ll need to know, and in our last blog, our long-term disability (LTD) attorney in Louisville went over a couple of those things. Keep reading to learn more:

#3. If your LTD benefits are taxable or not.

In general, the majority of group policies are covered by pre-tax dollars, which means that your benefits would be taxable. This means that local, state and federal taxes will come out of your benefits. However, if you pay for your policy with post-tax dollars, your benefits will not be taxable.

#4. If you are approved for LTD benefits, you will likely be required to file for Social Security disability insurance (SSDI) as well. 

If you get approved for SSDI, your long-term disability benefits may be offset by your SSDI benefits. Because it is so beneficial for you to get SSDI benefits, LTD policies will often require you to file for SSDI. Some LTD companies will even hire a disability attorney for you to ensure that you’ll get SSDI benefits.

#5. Your LTD company may put you under surveillance. 

Most LTD companies will do whatever it takes to deny your claim, and they will often use video surveillance to accomplish this goal. That is why it’s important to stay within your physical restrictions and follow your doctor’s orders completely. Even something as simple as carrying heavy groceries into your house could cause you to lose your benefits, so be careful!

Would you like to learn more? If so, please stay tuned for our next blog.