Reasons Insurance Companies Used to Deny Long-Term Disability Insurance
Long term disability insurance or LTD insurance may be the key to save you and your family from financial destruction in the case of a disabling injury.
While this insurance may not seem as important as other types of insurance such as health, auto or life, it can be equally important if not more so.
According to the 2007 Disability Status Report, 21.
2 percent of full-time workers in the United States are disabled.
A good deal more are not able to work full-time because of their injuries.
Long term disability is a serious problem in America and there are millions of jobs that expose workers to serious dangers.
Injured workers may not be able to perform their jobs anymore and are thus unable to provide for their families.
Receiving an injury that causes long term disability can be a traumatic and emotionally devastating event.
If you have long term disability insurance, you may be less upset.
But many insurance companies will do everything in their power to keep from having to dole out money to individuals for lost wages.
There are a number of reasons an insurance company might have for refusing to respond to your claim.
Some of these include the following: o No objective findings-this means that the insurance company does not believe that the medical records you put forth as proof of your disability are adequate to support your claim.
o Not disabled from your occupation-when this reason is cited, it is likely because your insurance company believes that, despite the injuries you presented, you are still able to perform your job to a certain degree.
o Pre-existing condition exclusion-if an insurance company believes that the injury that caused your disability was treated by a medical doctor for a specific period before your coverage began, they can cry foul.
o Failure to fulfill the elimination period-there is usually an elimination period that is anywhere from 30 days to 6 months after your injury that you must remain disabled.
o Not under the care of a physician o Not receiving appropriate treatment-the insurance company believes that you are not going to adequate measures to try to recover from your injuries.
o Self-reported symptoms-some insurance companies will not cover injuries that cannot be proved through medical testing with modern equipment.
For more information on long term disability claims, visit Indianapolis area lawyers.
While this insurance may not seem as important as other types of insurance such as health, auto or life, it can be equally important if not more so.
According to the 2007 Disability Status Report, 21.
2 percent of full-time workers in the United States are disabled.
A good deal more are not able to work full-time because of their injuries.
Long term disability is a serious problem in America and there are millions of jobs that expose workers to serious dangers.
Injured workers may not be able to perform their jobs anymore and are thus unable to provide for their families.
Receiving an injury that causes long term disability can be a traumatic and emotionally devastating event.
If you have long term disability insurance, you may be less upset.
But many insurance companies will do everything in their power to keep from having to dole out money to individuals for lost wages.
There are a number of reasons an insurance company might have for refusing to respond to your claim.
Some of these include the following: o No objective findings-this means that the insurance company does not believe that the medical records you put forth as proof of your disability are adequate to support your claim.
o Not disabled from your occupation-when this reason is cited, it is likely because your insurance company believes that, despite the injuries you presented, you are still able to perform your job to a certain degree.
o Pre-existing condition exclusion-if an insurance company believes that the injury that caused your disability was treated by a medical doctor for a specific period before your coverage began, they can cry foul.
o Failure to fulfill the elimination period-there is usually an elimination period that is anywhere from 30 days to 6 months after your injury that you must remain disabled.
o Not under the care of a physician o Not receiving appropriate treatment-the insurance company believes that you are not going to adequate measures to try to recover from your injuries.
o Self-reported symptoms-some insurance companies will not cover injuries that cannot be proved through medical testing with modern equipment.
For more information on long term disability claims, visit Indianapolis area lawyers.