When Should You File for Disability Insurance?

If you have been injured outside of work and need financial assistance, disability insurance support can provide 50 to 70% of your lost income. There are two types of disability insurance that you can apply for, short-term disability and long-term disability. Individuals can also apply for long-term care insurance, critical illness/supplemental insurance, employer support/patient navigators, and able accounts.

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Short-term disability benefits provide compensation for three to six months. Employers can offer disability coverage as part of their insurance plan by having either the employer or employee pay the premiums. Long-term disability benefits are offered for several years and are reserved for permanent disabilities. This type of benefit is usually purchased by individual employees; however, some employers offer it as optional coverage where the employee can pay through automatic payroll deductions.

In the case of the other four insurance types listed above, these benefits cater to individuals who are taking care of someone unable to care for themselves. SHRM.org has several tools and resources if you are interested in learning more about these caregiver benefits.

What is the Disability Insurance Claims Process?

If you find yourself in a situation where you must apply for disability insurance, you should do so immediately to protect yourself. The Social Security Administration offers three options:

1.     Complete your application online.

2.     Call their toll-free telephone number: 1-800-772-1213. For individuals who are deaf or hard of hearing, you can call TTY at 1-800-325-0778.

3.     You can also visit your local Social Security Office.

After you apply for your disability insurance, your application is reviewed, and the Social Security Administration will decide if you meet the qualifications. If you are denied you can ask for a second review or request an appeal. The Social Security Administration has specific rules you must fall under to fit the requirements that allow you to collect disability insurance.

Veterans also have a specific type of disability insurance called VA Disability Compensation Benefits. You may be entitled to this tax-free monthly benefit if you are a veteran who has experienced a service-related injury or illness.

How Does Wisedocs Handle Medical Documents for Disability Insurance Claims?

Wisedocs automatically generates medical chronology to organize a company’s claims in a matter of hours. Employers can sort by date, service provider, title, and document category through Wisedocs’ innovative electronic data processing. Wisedocs processes medical records 70% faster and easily allows sharing of medical records with colleagues and insurance providers. If you have disability insurance claims or other documents that you need to organize for shareability, Wisedocs can assist! Get in touch with one of our amazing customer support specialists today and start your journey toward seamless medical data management.

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