Prudential Disability FAQs
Here are some frequently asked questions about Prudential Disability Claims.
How Long Does Prudential Long-Term Disability Last?
The loss of a paycheck can put a serious financial strain on an employee and their loved ones. Long-term disability insurance provides much-needed paycheck protection. Through a major insurance company such as Prudential, you can seek benefits for covered injuries, illnesses, and medical conditions.
You may be wondering how long insurance benefits will last. The answer depends on the terms of your policy. Prudential offers a wide range of long-term disability plans. Though, the company notes that many of its policies provide benefits until the employee can return to the workplace or until their normal retirement age. If you have any questions about the duration of long-term disability benefits, contact an experienced Prudential insurance claims attorney for help.
How Does Long-Term Disability Work with Prudential?
Prudential’s long-term disability coverage works similar to the insurance coverage offered by other large companies. The purpose of long-term disability insurance is to provide partial income replacement to employees who are unable to work for extended periods of time due to an injury or illness.
In most cases, people obtain a group disability plan through an employer. These ERISA regulated insurance policies are generally more cost-effective because an employer is in a position to get a better rate. ERISA is a complex federal law that standardized the disability claims process. Unfortunately, in some ways, ERISA stacks the cards in favor of large insurance companies.
The key issue is determining if and when you are eligible for benefits. Do not assume that you are unable to apply. If you or your loved one cannot work on a full-time basis, you should explore every option for financial support.
To obtain long term disability benefits through Prudential, a claimant should submit an employee statement, employer statement, a physician’s statement. Together, these documents help to confirm medical and vocational eligibility. If you are struggling to get your long term disability claim paid in full, a top-rated Prudential insurance claims lawyer can help.
How to Calculate Short-Term Disability with Prudential
Prudential offers short-term disability insurance policies to both groups and individuals. Through these policies, a temporarily disabled employee can access a much-needed source of income. Short-term disability benefits typically have a maximum duration of three months, six months, or one year. Though, benefits will always end if the worker is able to return to their position because their injury/illness has improved.
The amount of a short-term disability benefit will depend on an employee’s pre-disability earnings and their specific type of insurance coverage. As a general matter, these benefits are paid at 40 percent, 50 percent, 60 percent, or 70 percent of an applicant’s pre-injury or pre-illness wages. All of the company’s short-term disability policies are subject to maximum weekly benefits, which can be as low as $500 per week. If you have any specific questions about how Prudential calculates short-term disability benefits, our Florida law firm is available to help.