There are many hard-working adults in New Jersey who work diligently to provide for themselves and their families. Unfortunately, illnesses or injuries can instantly jeopardize your ability to earn money. However, you could receive money through long-term disability insurance.
Qualifications for long-term disability insurance
Qualifying for disability insurance can provide long-term compensation after you develop debilitating injuries or illnesses. It’s crucial to note that acceptable injuries do not include those suffered at work.
First, you must have worked in a role that Social Security covers. The Social Security Administration must also confirm that you worked somewhat recently and enough hours to qualify for private long-term disability insurance.
Second, you have to meet the Social Security Administration’s definition of a disability, which can vary based on an employer’s guidelines. Typically, a disabled person can’t perform the duties of their previously held job. Certain employers create disability requirements based on the employee being unable to work in any profession based on that employee’s education, training and experience.
When you can begin receiving benefits
Before receiving long-term disability benefits, you’ll often need to meet an elimination period. An elimination period begins when your disabilities or injuries started. Typically, employers choose elimination periods of 90 or 180 days.
An employer also selects the maximum duration of their benefits, meaning how long a disabled employee can receive payments. Employers often choose maximum benefit durations of two or five years. Another less common payment plan is to provide disability insurance until the injured or ill employee turns 65.
Injuries and illnesses can affect many aspects of your life. Fortunately, qualifying for long-term disability insurance can help you continue receiving money to care for yourself and your family.
