Long term dating 40

Most group long-term disability policies contain a deductible source of income provision.

I was a Geogia State Employee and became disabled and I was receiving long term disability from the Standard when Social Security approved me for SSDI.

Now the standard claims and overpayment and wants to be reimbursed 15,000.00.

Why do I have to repay them if my LTD premium was deducted biweekly from my salary.

SSDI is only one type of deductible source of income commonly found in group long-term disability policies.

If a disability carrier has been paying you long-term disability benefits for 20 months and you get awarded SSDI benefits which are retroactive to 15 months prior, then your disability carrier will claim that you were overpaid for 15 of the past 20 months and you must pay the retroactive SSDI award to your long-term disability carrier.

In addition, each month moving forward, your disability carrier will reduce your monthly benefit amount by the amount of your monthly SSDI check.

For example, if SSDI is paying you ,600 a month and your disability carrier was previously paying you ,000 a month, then your long disability carrier will now only pay ,400 a month.

Essentially the United States government just saved the disability insurance company ,600 a month. I pull my retirement ’cause I was suffering with bills the company fired me and my company did not pay into social security so I had to go on their long term disability.

I generally tell clients that are approved for SSDI not to spend their retroactive award of disability benefits as their disability carrier will be asking them to turn over the full amount. Now I pull this retirement 2 years a little after they had approved me for the the long term disability. Now I have recieved a letter form them stating that I was supposed to let them know.

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