Menu Close Menu

Blog

Increasing Coverage for Disability Insurance

Posted by Gregory Paul | Feb 09, 2017 | 0 Comments

Everyone should have disability insurance. However, because of cost, availability, and lack of information, the majority of working-age Americans are not covered by disability insurance in the event they are unable to work because of an injury or illness. When employers step up and offer disability insurance to their employees, workers may feel more dedicated to their jobs and be less likely to seek out another employer who offers disability benefits.

According to one estimate, almost 70% of American workers do not have disability insurance to protect them in the event of a disabling illness or injury. Unfortunately, most people underestimate the importance of disability insurance. The likelihood of becoming temporarily or permanently disabled is much higher than people realize, and few American's have enough savings set aside to even get them through a short-term injury or illness.

According to the Council for Disability Awareness, one-quarter of 20-year-olds today will become disabled before they reach the age of retirement. In spite of this significant chance of disability, fewer than half of Americans have enough savings to replace one month of income. The average household has less than two weeks' worth of equivalent liquid savings.

Short-term disability can replace a portion of an employee's salary when they are unable to work because of an illness, injury, or pregnancy. This can be a lifeline for young workers or those with little savings, to provide for their families while they recover from an unexpected disability.

Some employees and employers alike believe that Social Security or other safety nets will take care of individuals who become injured and are unable to work. However, for most individuals, Social Security disability benefits are only enough to keep them just above the poverty line. These minimal payments may not provide for emergency car repairs, medical emergencies, or even prescription bills.

Many employees dedicate their best years to their employer. When an employer takes an interest in preserving the employee's health, well-being, and future, the employee may be more likely to reciprocate that feeling through dedication and hard-work. An employee without disability benefits may be more likely to leave for another company which does offer a full range of benefits. Providing disability benefits from the outset may reduce employee turnover.

A number of states now require disability insurance coverage, including California, New Jersey, and New York. Employers who provide disability insurance may be able to attract additional talent and keep great employees by offering a benefit before it becomes mandatory. Additionally, employers can usually insure workers at a lower cost that individual workers can find on the open market. This allows employees to be protected at a cost they may not be able to afford on their own.

Greg Paul has 18 years of experience fighting for his clients to make sure they get the disability benefits they deserve. We represent individuals and families who have been denied benefits by their insurance company or plan administrator. You have a limited time to appeal your disability denial, so do not delay. If you have been denied short-term or long-term disability benefits, contact our office for a free consultation.

About the Author

Gregory Paul

Gregory G. Paul is a trial lawyer who practices in the areas of disability, employment and toxic tort injury law. He is admitted to practice law in California, Maryland, Missouri, Ohio, Pennsylvania, Texas and West Virginia with additional admissions in federal courts nationwide. Greg is a graduate of the University of Pittsburgh and the University of the Pacific, McGeorge School of Law in Sacramento where he was on the Dean's List and Law Review.  He is a graduate of Gerry Spence's Trial Lawyers College.                        In addition to litigating cases on behalf of people denied benefits and rights, Greg has been a speaker at PBI: Employment Law West: Americans With Disabilities Act , Pittsburgh, PA (2012-2015); National Employment Lawyers Association: Breaking Down the Barriers in the Workplace, Oakland, CA (2010); NBI: Litigating ERISA Cases, Pittsburgh, PA (2008); ADA: Fighting for Fairness, Atlanta, GA (2006) and Chicago, IL (2008). He is a member of American Association for Justice, National Employment Law Association and the Million Dollar Advocates Forum. Greg is the Vice-Chair of the National Legal Advocacy Committee for the American Diabetes Association and recipient of the ADA 2008 National Service Award for Outstanding Advocacy.  LIST OF ADMISSIONS AND BAR ASSOCIATIONS Pennsylvania, 1999 West Virginia, 1999 Maryland, 2000 California, 2004 Ohio, 2005 Texas, 2006  Missouri, 2012 U.S. District Court, Western District of Pennsylvania U.S. District Court, Eastern District of Pennsylvania U.S. District Court, Middle District of Pennsylvania U.S. District Court, Southern District of West Virginia U.S. District Court, Northern District of West Virginia U.S. District Court, District of Maryland U.S. District Court, District of Colorado U.S. District Court, Northern District of Ohio U.S. District Court, Southern District of Ohio U.S. District Court, Eastern District of Texas U.S. District Court, Northern District of Texas U.S. District Court, Southern District of Texas U.S. District Court, Northern District of California U.S. District Court, Eastern District of California U.S. District Court, Central District of California U.S. District Court, Eastern District of Michigan U.S. District Court, Eastern District of Arkansas U.S. District Court, Northern District of Illinois U.S. Court of Appeals, 3rd Circuit U.S. Court of Appeals, 4th Circuit U.S. Court of Appeals, 5th Circuit U.S. Court of Appeals, 6th Circuit U.S. Court of Appeals, 9th Circuit U.S. Court of Appeals, 11th Circuit Supreme Court of the United States Allegheny Bar Association Federal Bar Association American Bar Association The American Association for Justice Million Dollar Advocates Forum National Employment Lawyers Association Sonoma County Bar Association

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Free Consultation

Please contact us for a free consultation with Greg concerning the denial of short-term or long-term disability benefits. Most clients prefer to have a contingency fee agreement, which means attorney fees are are payable if we are successful.

ERISA Experience

Greg Paul has 18 years experience fighting for long-term disability benefits against insurance companies such as Aetna, CIGNA, Guardian, Hartford, Liberty Mutual, Mutual of Omaha, Principal, Prudential, Reliance Standard, Standard, Sun Life, and Unum.