What Happens to Your Employer-Sponsored Insurance When Your Employment Changes?
Employment changes can be a stressful time whether it’s your choice or due to termination. Either way, you’ll have to navigate changes in your benefits such as health insurance coverage, retirement savings, and potentially disability insurance benefits. Illinois does not have a law requiring that employers continue sponsored life insurance, long-term or short-term disability insurance …
Can I Get Short‑Term or Long‑Term Disability for Alcoholism or Substance Abuse?
Substance use affects every social, economic, and demographic group. According to the Substance Abuse and Mental Health Services Administration (SAMHSA), millions of people in Illinois struggle with the misuse of substances. When alcoholism or other addictions impair your ability to work and support yourself or your family, it may feel like you’re facing a financial …
What Is a Bad Faith Insurance Claim?
When you buy an insurance policy—whether it’s health insurance, long‑term disability, or other coverage—you justifiably expect the insurer to treat you fairly. You pay premiums, you follow the rules, and when you suffer a loss or need benefits, you expect insurers to do their part: investigate reasonably, make payments when due, and communicate in good …
Do You Have to Pay Back Long-Term Disability Benefits?
You’re finally receiving the long-term disability (LTD) benefits you deserve. After months or even years of medical appointments, paperwork, and waiting, the insurance company has started paying out. It should be a moment of relief. But for many claimants, this isn’t the end of the road. In some cases, insurers may demand that you pay …
Going from Short-term Disability to Long-Term Disability
Going from Short-term Disability to Long-term Disability When you file for short-term disability benefits, it’s usually with the expectation that you’ll recover quickly and return to work. For many people, this turns out to be true. But for others, the road to recovery can be longer and more complex. Most short-term disability plans only pay …
What to Do if The Standard Denies Your Long-Term Disability Claim
With more than $1 billion worth of in-force premiums as of 2022, Standard Insurance Company—more commonly branded as The Standard—is one of America’s largest providers of long-term disability insurance. Their offerings include employer-provided group plans, as well as individual policies for those who choose to insure themselves. Insurance giants like The Standard don’t get as …
How Much Long-Term Disability Coverage Do I Need?
When we think about financial security, many of us consider health insurance, retirement plans, and emergency savings. One of the most overlooked pieces of the financial puzzle is long-term disability insurance. If you’re fortunate enough to have group long-term disability (LTD) insurance through your employer, you might assume you’re fully covered. But is it really …
How to Appeal a MassMutual Long-Term Disability Claim Denial
The Massachusetts Mutual Life Insurance Company, MassMutual for short, is one of the largest insurance companies in the United States. They provide long-term disability coverage to individual policyholders, as well as employer-sponsored group plans. If you have long-term disability coverage through MassMutual and recently had a claim denied, you aren’t alone. Disability denials are commonplace …
How to Appeal a MetLife Long-Term Disability Denial
Metropolitan Life Insurance Company—more commonly known as MetLife—is one of the world’s largest financial services companies. While MetLife is typically associated with life insurance and financial services, the company has a robust disability insurance business as well. If you’ve recently had a long-term disability claim denied by MetLife, we understand how frustrated you might feel. …
How Much Is My Long-Term Disability Settlement Worth?
Long-term disability (LTD) benefits can be a lifesaver for people who are unable to earn an income due to sickness or injury. If you are not able to work for months or even years at a time, it is a relief to know that you will still be getting a monthly check to help pay …