Disability Insurance Settlement
Disability insurance settlement provides an individual with lost income due to injury or sickness resulting in the incapacity to work. Employers often carry long-term disability insurance as a benefit to employees. Policies usually cover a specific period of time after the individual is disabled according to his or her occupation. After the time period expires to receive further benefits a person must be considered totally disabled and unable to work at any occupation. Insurance companies use rehabilitation counselors to figure out how a person can work again. This can happen through a different occupation which may require education and training. When the insurance company offers a disability insurance settlement to the covered individual he or she may choose to accept it. Sometimes a person's injuries may be extensive and there may be a need to hire an attorney to let the court decide a fair and just settlement. Any person suffering with a disability should pray and ask God to direct all the decisions he or she makes, "But the God of all grace, who hath called us unto His eternal glory by Christ Jesus, after that ye have suffered a while, make you perfect, establish, strengthen, settle you" (1 Peter 5:10).
An insured person who is looking at trying to work in a different occupation may have limitations lacking the education or training to properly do the job. The insurance company is responsible for helping the insured individual to get the education that is necessary if he or she feels that the occupation is one that is suitable. Disability insurance settlement should consider the issue of what it will cost to help the insured to engage in an occupation that will allow him or her to return to the workforce. This is an important issue if the insured is not to be considered totally disabled.
Comparable earnings are the dollar amount that a person was accustomed to making before the injury or sickness took place. If the insured can not perform at an occupation that has comparable earnings to what he or she is accustomed to then a disability insurance settlement will need to include compensation. If this situation happens the insurance company may suggest that the insured consider a different occupation. A vocational counselor can help the insured to discover a different occupation that has comparable earnings while considering age and any other possible limitations.
Pre-existing conditions could exclude a person who becomes disabled from receiving benefits. If the pre-existing conditions are related in any way to the disability then an insurance company may be able to limit a disability insurance settlement. When a person finds themselves in this particular situation it is best to get legal counsel and let the court decide what is just and fair. If the insured person has sought medical care previous to the injury or illness for a related injury or illness then he or she could become excluded from receiving benefits.
Self reporting injuries or sicknesses that can not be proven by x-rays, blood tests, or other diagnostic tests may exclude an insured person from receiving benefits because they can not be medically verified. Disability insurance settlement that involves these types of conditions may need to be presented in court for determination of benefits. Some sources say that conditions that might fall in this category include fibromyalgia and chronic fatigue syndrome. The diagnoses of these types of illnesses are determined differently than through blood tests or x-rays. Stress has been linked to the onset of conditions such as these. Job stress over time has been known to lead to illnesses that can make it very difficult for a person to function in his or her current profession. The pain and fatigue can disable a person. Fibromyalgia and chronic fatigue syndrome can be managed to a certain extent with medications and diet but there is no cure.
To start a disability claim an individual will need to obtain the required claim forms and fill them out completely. A physician's statement must state the diagnosis of the individual's condition along with restrictions and limitations that apply to the occupation. Disability insurance settlement must include the proper documentation, the policy, physician's statement, claim form of the insured requesting benefits, and the employer's statement. The insured has to sign a release to allow the claims administrator to obtain medical records that have to do with the claim. A job description can be very helpful and should be provided by the employer.
A claims administrator will conduct an investigation of the claim which can include a background check, medical examination, interviews of any witnesses, employment records, and any other necessary records. Disability insurance settlement is based upon the unique situation of the insured and to find out more about that unique situation a claims administrator may request a phone interview or a person-to-person interview with the insured. A claims administrator must first determine that the insured person is covered and qualifies for disability. After that, an investigation will determine that the insured qualifies for benefits and what those benefits will be. The administrator may ask for additional documentation throughout the process. When an insurance company offers a claimant a settlement or discontinues benefits the insured party may find that the only way to settle the dispute is by seeking legal counsel. Anytime an individual is in a position that he or she makes a claim for disability legal counsel is always a good idea.