Life is unpredictable, even for younger Americans. The onset of a debilitating condition can come quickly, sometimes with little warning.
According to federal estimates, about one in every four 20-year-olds today will become disabled before they reach the age of 67. Many of these individuals will rely on a long-term disability insurance claim to get through this period. What might be behind these claims?
The most common types of long-term disabilities
A long-term disability can be caused by many different ailments. Despite what many people might believe, injuries due to accidents are not the leading cause of long-term disability. According to the Council for Disability Awareness, the most common reasons for such claims are:
- Musculoskeletal disorders (such as arthritis) – 29%
- Cancer – 15%
- Pregnancy – 9.4%
- Mental health issues (such as depression or anxiety) – 9.1%
- Physical injuries (including fractures, sprains and strains) – 9%
What if long-term disability insurance doesn’t pay?
Many people facing the prospect of a long-term disability assume their insurance will cover them in the time of need. Unfortunately, it does not always work that way. Insurance companies may be quick to cite language buried in a contract they say precludes them from providing compensation.
Just because an insurer says it does not have to pay does not mean it is correct. While denials do happen, they may be wrongly issued.
In these circumstances, it is possible for denied applicants to appeal. This process requires navigating a few different stages. Knowledgeable legal counsel can help you do so effectively. If you’ve been denied your long-term disability claim and are considering an appeal, reach out to Alan C. Olson and Associates as soon as possible.