Someone that has a long-term disability must deal with what appears to be a permanent impairment. That impairment has put restrictions on certain aspects of the disabled person’s life. Few people care to contemplate the chances that they might be forced to deal with such a problem. Consequently, few people do a good job of preparing for that eventuality.
Is there no way to treat a long term disability (LTD)?
Medicine is constantly looking for a strategy that can be used to help someone with a specific disability. Rehabilitation medicine focuses on developing such strategies. Yet it takes time to get a disabled body part functioning by using some type of rehabilitation therapy.
What are the sources of funds for someone with an LTD?
If someone has been injured at a business or other commercial facility, that same place might arrange for a fairly generous compensation package. Still, it will assume that the injured person will work towards gaining back any lost function. If that same disabled person seems to have a permanent impairment, the initial payments will get exhausted. At that point, the wisdom behind buying long term disability insurance becomes clear.
Some businesses provide long term disability benefits to disabled employees. However, the recipient of such payments must be someone that has been injured while working on the job. The coverage provided by a business does not help a worker that got severely injured while on vacation. He or she gets forced to take a long vacation, one that does not offer the pleasures of a paid holiday.
A third source of funds can come in the form of payments from an insurance company. Such payments get sent to a policy holder, someone that has purchased a long-term disability policy. Of course, there is no guarantee that the same payments will continue forever. However, it is important to call on the Injury Lawyer in Cambridge to know more.
After the payments have been received for 2 years, the policy holder must prove that he or she remains unable to work. Some insurers want more than proof that the policy holder cannot perform the duties associated with a previous job. Instead, such insurers demand evidence that the policy holder lacks the ability to take on any job that matched with the same policy holder’s education and work history.
Sometimes someone with a sufficient amount of education and training can manage to earn a living by having a small business or a private office. As a result, he or she will have fewer financial problems. Still, friends and family may have seen that their loved one’s disability keeps him or her from enjoying a true quality of life.