Imagine going out on disability, losing all your benefits – health insurance, life insurance, maybe even your job –only to find out you do not qualify for disability benefits under your insurance policy. This could lead to financial disaster.
Every year millions of people purchase disability insurance, negotiated by their employer, without ever reading the policy. Because they didn’t read the policy they didn’t realize that there are preexisting clauses that may disqualify them from collecting benefits or that the policy limits or denies coverage for the medical condition that they have, or that the benefits offered under the policy are not enough to replace their loss of income.
Not only do they have one of these worthless policies, but then they leave their job to go on disability without going through their medical records to see if their condition is covered or if there is a limitation on benefits for their medical condition. To make matters worst, they lose their health insurance, lose their job and the insurance company won’t pay. What a recipe for financial disaster.
Before you leave your job to go out on disability, you need to get your disability policy, get your medical records and consult with a lawyer who is well versed in ERISA disability litigation. They can advise you if your medical condition would qualify you for benefits under your disability insurance policy, or guide your through the claim process. They may even help you save your job, in the event your condition does not qualify for disability.