What Does ERISA Mean for Disability Insurance?
ERISA stands for the Employee Retirement Income Security Act, a federal law established in 1974 that set minimum standards for retirement and health plans for workers across America. The rules created by this act can affect your disability insurance plans in different ways. Knowing what ERISA is and how this may impact your disability benefits can help you better plan your financial future. Whether your disability was caused by a personal injury or medical condition, you can talk with one of our Delaware disability insurance lawyers to learn more.
BASICS OF ERISA
ERISA helps regulate employer plans for retirement and health benefits for people who can no longer work the same hours or cannot work at all because of a mental or physical disability. Not being able to work after suffering a disability can be difficult. Having ERISA means you have the right to receive information about disability benefit plans.
You also have the right to be informed by your employer about other aspects of disability benefits like how the disability plan will work and what benefits you could be offered. ERISA also facilitates how disability benefit claims are examined and processed by employers. This ensures a fair universal process for employer disability benefits programs.
Lastly, ERISA informs workers of their rights when they are denied employer disability benefits. You have the right to challenge and appeal the decision to reject your disability claim with logical arguments and evidence. You can even file a lawsuit if things go that route. When it comes to employer disability insurance, you could be offered these benefits from a public or private company.
HOW DO LONG-TERM DISABILITY BENEFITS WORK?
Long-term disability insurance plans are often written with complex jargon that can confuse most people about what benefits they will actually be receiving. Make sure you fully understand anything you sign. If you need help, feel free to reach out to an experienced disability benefits lawyer.
The was long-term disability benefits work is they cover your health costs and lost income for a few years or up until the point to where your disability goes away. In some cases, a disability may be permanent. Long-term disability insurance can help cover those types of disabilities too. However, your condition will need to fit the definition of a disability and you will need to submit evidence to support this.
Disability is usually defined as a physical or mental condition that significantly impairs your ability to work. A few examples include traumatic brain injuries, spinal cord injuries, severe psychosis, and blindness. The evidence you need will consist of medical records, work history, and doctors’ notes on how your disability affects specific work abilities.
DISABILITY LAWYER IN DELAWARE
Going through the disability benefits application process is not always easy. Consider hiring a Disability benefits lawyer in Delaware if you are experiencing trouble with your application or were denied benefits. You can contact Edelstein Martin & Nelson today at (302) 295-5050 for a free consultation. Our legal team of disability insurance lawyers is located in Wilmington, Delaware.