The Recession and Long Term Disability Claims
The St. Paul Pioneer Press reported today that even labor unions in the Twin Cities area are having to pay the health insurance premiums for its union members who are waiting for a decision about their long term disability claims.
Long term disability insurance companies are hanging on to their premium dollars and taking more time that allowed under ERISA regulations to decide claims. Here at The Law Offices of Nancy L. Cavey, Tampa Bay based ERISA/long term disability benefits denied attorneys, we are seeing an increasing delay in long term disability carriers making that crucial decision to pay or deny a long term disability claim. We think the carrier’s are feeling the impact of the economy.