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Long Term Disability (LTD)

Long term disability applies to insurance policies issued to employers for their employees under the federal law known as the Employee Retirement Income Security Act (ERISA). These often include disabling conditions that involved the back and other skeletal conditions that can lead to impairments.

Long term disability coverage only provides wage replacement to individuals who experience wage loss due to a disability. This coverage may last for at least one year.

Typically, long term disability benefits are given by employers to their employees through private health insurance companies. This can be obtained either by group or individually. Group coverage is offered through an employer, professional group or association.

If long term disability coverage is offered from an employer, the individual must work for a specified period of time - known as a service wait - prior to becoming eligible for benefits. For professional or association-affiliated LTD coverage the individual must be a member of the group for a set period of time.