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Do I Have to Repay Long-Term Disability Benefits?

You’ve finally been granted the long-term disability benefits you deserve. But before you relax, there’s something you should know – there are certain situations in which you may be required to pay back some of those benefits. At Bryant Legal Group, our team of experienced long-term disability attorneys is here to help you navigate the complexities of your benefits, understand your policy, and ensure that you receive the full benefits you’re entitled to.

Overpaid by Your Insurance Company? They May Demand Reimbursement

It’s not uncommon for a long-term disability insurance company to overpay a claimant, especially when they return to work. If you fail to promptly notify your insurer about your employment status, or if they’re slow to act, you may end up receiving an overpayment of benefits. Depending on the terms of your policy, the insurance company can demand repayment. That’s why it’s crucial to keep your insurer updated and well-informed about their policies. If you’re uncertain about anything, our expert disability attorneys can provide the guidance and information you need to navigate insurance overpayments.

A man is anxious looking at his medical bill with his wife leaning in to comfort her husband.

Check Your Policy for Offset Provisions

Many long-term disability policies include offset provisions that require reimbursement to the insurance company under certain circumstances. One such circumstance is when you’re receiving both private disability insurance and Social Security Disability Insurance (SSDI) simultaneously. If this applies to you, your insurer may be entitled to an offset. However, your insurer will continue to pay your full monthly benefit while your SSDI claim is pending. Once your SSDI claim is approved, the insurance company will expect reimbursement and adjust your monthly payments accordingly.

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Your policy may also have offsets for other disability payments such as workers’ compensation and VA disability benefits. Additionally, if your disability is a result of a personal injury settlement, you might be required to repay a portion of your disability benefits to offset the settlement funds.

How to Avoid Repaying Your Long-Term Disability Benefits

To avoid any complications or repayments, it’s important to understand the terms and conditions of your policy. Each insurer and policy is different, so familiarize yourself with what your insurer expects from you and what you can expect from them. Keeping accurate records and documentation regarding payments and important notices will also help you stay on top of your claim. Communication with your insurance company is key – share relevant information promptly, such as work plans, payment discrepancies, or receiving other benefits. And when in doubt, consult with an attorney or financial advisor who specializes in disability insurance. At Bryant Legal Group, our experts are here to assist you every step of the way.

Bryant Legal Group: Your Trusted Disability Insurance Firm in Chicago

When it comes to long-term disability concerns, awareness is crucial. Insurance policies can be complex and filled with confusing language, designed to keep you in the dark. That’s why it’s important to stay informed and seek the right guidance. If you’re considering applying for disability insurance benefits or need assistance with an existing claim, consult with an experienced long-term disability lawyer. Bryant Legal Group has a proven track record of guiding disabled individuals through their insurance claims with exceptional service and sophisticated strategies. Call us at 312-561-3010 or fill out our brief online form to get started. We’re here to help you get the benefits you deserve.

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