If you do not have any experience in the field of disability insurance, it is likely that many terms used in the field are foreign to you. Especially if you are filing, or you are helping someone file a disability income claim, it is of the utmost importance to understand the language and terminology surrounding your claim. One of the most commonly confused terms used in the field is the difference between a disability claim and a long term disability claim. Usually when someone says disability claim, they are referring to a short term disability claim. This is a claim that you file for a minor disability that will only take you out of work for a short amount of time – child birth, for example. A long term disability claim, on the other hand, is only filed if you have a disability that is going to take you out of work for a long period of time and is generally noted that it is long term.
Due to the length of the time that the insurance company will have to pay benefits, a long term disability claim is generally a little bit more complex than a short term disability claim. It costs less for the insurance company to pay benefits on a long term claim than a short term claim, so they would rather pay a “normal” disability claim rather than a long term disability claim. That being said, if you have a disability that is going to impair your ability to work for a long period of time, do not hesitate to file a disability claim. That is, after all, what the purpose of having another type of disability claim is. This is arguably the most common mistake that newcomers to the disability insurance field make, so be sure to know the difference between a long term disability claim and a short term disability claim.