Do I have to pay income-tax on the long-term disability payments I receive?

Do I have to pay income-tax on the long-term disability payments I receive? The answer is yes If you are receiving long-term disability payments from an insurance plan that is paid by your employer. Typically, if you have paid your premiums, you only have to report to the IRS the amount you receive due to your employer's payment. At the Law Office of Cavey & Barrett, we can walk you through the process of achieving your Long Term Disability benefits. ...

01 November

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Is there a Good Book on Long Term Disability Policies for Florida Long Term Disability Policy Holders that You Would Recommend?

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Is there a Good Book on Long Term Disability Policies for Florida Long Term Disability Policy Holders that You Would Recommend? Nancy Cavey, a Long Term Disability ERISA lawyer who practices in Florida, has written two free consumer guides. Robbed of Your Peace of Mind and The Smart Long Term Disability Consumer Guide For Preparing Your Statement and Field Visit, to help you understand terms you don't want to see in your insurance policy and the games that Long Term Disability carriers play in denying your claim. To get your FREE copies today, simply...

01 November

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Should I shop for Long Term Disability Policies?

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Should I shop for Long Term Disability Policies? Absolutely. While your employer may offer you ERISA covered disability policies, there are numerous problems with these kinds of policies as I discuss in my free consumer guide Robbed of Your Peace of Mind. Through ERISA, you are entitled to 60% of your income. You can obtain a private disability policy that will make up the difference. There are six major insurance companies that offer disability policies and you can check them at: standardsandpoor.com, or ambest.com. If you have questions about which policy is right of you, call...

01 November

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What Should I Look For in a Disability Insurance Policy?

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What Should I Look For in a Disability Insurance Policy? 40% of Americans age 45 to 65 will suffer a disability that lasts 90 days sometime during their working career according to the Health Insurance Association of America. Even if you are young and healthy, you can become disabled as a result of an injury through no fault of your own. Without coverage, an unexpected disability can leave you without income and even lead to the filing of bankruptcy. While buying a disability insurance policy probably is not at the top of your list of things...

01 November

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Is it unethical when a LTD carrier denies my claim for benefits based on a psychological paper review?

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Is it unethical when a LTD carrier denies my claim for benefits based on a psychological paper review? Yes, the Principles of Medical Ethics, from the American Psychiatric Association section 7(3) says it is “unethical for a psychiatrist to offer a professional opinion about a specific individual unless he has conducted an examination.” If your claim has been denied based on a psychological paper review we strongly suggests you consider an appeal. For example, the court in Shehann vs. Metropolitan Life Insurance Company, 368F.supp.2nd 228(S.d.n.y. 2005), explained “The Court discounts the opinions of psychiatrist who...

01 November

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Do I Really Need a Private Disability Insurance Policy if I have a policy through work?

Posted by Nancy Cavey

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Do I Really Need a Private Disability Insurance Policy if I have a policy through work? ERISA Long Term Disability lawyer Nancy Cavey says yes. Many disability insurance policies provided by your employer only provide you with 60% of your salary with a maximum of $5,000-$10,000 in benefits. However, these benefits are taxable and you will get less than the 60% that you are used to. Can you and your family survive on 60% or less of your current income? Probably not. Private disability insurance attorney Nancy Cavey suggests that you buy a supplemental private...

Author: Nancy Cavey