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Will Long-Term Disability Continue After Retirement?

According to US government statistics, nine out of ten individuals older than 65 received a social security benefit in 2020. It was also determined that in 2020, disabled workers and their dependents accounted for about 13.1% of the total social security benefits. 

Besides social security disability, many individuals have long-term disability policies with their employer (or previous employer). When retirement age rolls around, many wonder if they will continue receiving their long-term disability benefits in addition to social security retirement benefits. 

In our article, we hope to shed some light on this topic. However, if you want to learn more after reading, you should consider speaking with a Chicago attorney from Bartolic Law. One of the firm’s lawyers can help you go through your policy to determine where you stand. 

Do Social Security Benefits Continue After Retirement?

Those receiving social security disability benefits should note that their disability benefits will automatically convert to retirement benefits. However, the amount they receive will not change but instead remain the same. Although our firm doesn’t focus on social security benefits, we can help with LTD policies and ERISA plans. 

Will Your Long-Term Disability Benefits Continue After You Retire?

Whether or not your social security retirement benefits will impact your long-term disability payments will depend entirely on the language in your LTD policy. This is because, since each policy is somewhat different, there is no one size fits all answer to the question of if your long-term disability benefits will continue after you retire. 

Yet, most ERISA LTD plans will only pay benefits until you reach retirement age. Additionally, the policy period will vary with most private LTD policies, and how each insurance company handles offsets for social security retirement benefits differs slightly. 

Those that offer disability payments through retirement age usually don’t offer the full amount, and those that do will only offer it to individuals for a pre-determined amount of time. It should also be noted that most long-term disability payments are paid out for limited periods of between 2,5 and 10 years. 

You must carefully review your policy documentation to determine if your long-term benefits will continue after you reach retirement age. In it, you will find your insurance company’s stance and if there are policy-specific offset rules. Moreover, you should know that you can often look at your Maximum Benefit Period chart in your LTD policy. It will likely show when your benefits expire.

Speak With An Chicago Long-Term Disability Attorney Today To Discuss Your Case

Unfortunately, the laws and rules surrounding receiving long-term disability benefits after retirement age are difficult to understand and challenging to navigate. That’s why it’s usually best to consult a Chicago long-term disability attorney with years of experience analyzing private and ERISA insurance policies and plans. 

If you’re ready to determine your insurance company’s stance and how your benefits will work after retirement, you can talk with an attorney at Bartolic Law. Our attorneys have spent years pouring over insurance policies to help our retired clients determine if they are still eligible to receive LTD benefits. So, contact us today, and we will help you in any way we can. 

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