Disability Benefits Vs. Disability Insurance
Imagine that you have a debilitating injury or illness. Because of your new condition, you are unable to work, possibly even for the rest of your life. Now consider your options for compensation. Do you know which ones you are eligible for or how to access them? Would you be like a lot of Americans and seek the help of a skilled lawyer because of the complexity of the situation ahead?This scenario is important because while some of our more frequent readers have an idea of what they would do in this situation, we know that this may be some readers' first time visiting our site. For our newcomers, a sudden disability could leave their heads swimming and asking a lot of questions about their rights as well.In order to address this properly, our readers should know how the injury or illness occurred and the extent of the condition will help determine which benefits a person should seek. While it may seem obvious to apply for workers' compensation benefits for a work-related injury, the distinction between disability benefits and disability insurance may be less obvious. Let's take a look.Disability insurance is typically obtained through private insurance and can cover both short-term and long-term disability. This insurance policy offsets costs associated with medical treatments as well as time away from work. It's important to point out though that sometimes these policies can be expensive and may not cover pre-existing conditions.On the other hand though is Social Security disability. Instead of paying an insurance company, benefits from SSD come from the Social Security taxes paid from each worker's paycheck. If a person has worked at least five of the last 10 years and meets the SSA definition of disability, then they may apply for these helpful benefits. It's worth pointing out though that SSD is not paid out for temporary disabilities.Although both programs provide benefits to a disabled person, both work slightly different and pay out benefits differently depending on a person's situation. This is something all of our New York readers should keep in mind, whether you're new to our blog or not.Source: CBS News, "Should you have disability insurance?" Stacy Johnson
Hiring Terry Katz and associates to represent my interests in my Workers Compensation and Social Security Disability case proved to be a smart decision that yielded an extremely successful outcome.
Through the lengthy and intricate process I came to realize just how valuable having a team of highly skilled representation was, and that is just how to describe the law firm of Terry Katz and Associates “Highly skilled legal representation”. I’d like to thank the entire team who worked on both my cases all of whom were always professional, knowledgeable and extremely caring. Throughout my entire case all of my calls and emails were always returned in a timely manner. My questions always answered competently and professionally. I always understood the process and felt a confidence in the process that I would not have had if not for hiring Terry Katz and Associates.
Mostly I’d like to thank Ms. Langdale who worked tirelessly on both my workers compensation case and my social security disability case. Her representation and legal prowess in the court room was nothing short of impressive to witness. I will never forget how confidently represented and protected I felt during her opening remarks at my social security disability hearing.
During these difficult times I was truly grateful to have Ms. Langdale working so diligently and expertly for my interests.