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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
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Return To Work: Group Long Term Disability (LTD)

If I Can Only Work Part-Time: If I Receive A Benefit, How Much Will It Be?

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If you will receive a benefit even if you can work part time, the amount of the benefit varies according to your specific contract. The formula differs from policy to policy, but all have the same goal: to pay a percentage of the total disability benefit that reflects the amount of reduction in your income.

For example: because David is partially disabled he is only earning 30% of what he used to earn (a 70% reduction in income). The partial disability benefit will pay 70% of what David would receive if he were totally disabled. So, if David’s benefit for total disability is $2,000 per month under his Disability Income he would get $1,400 (70% of $2,000) due to his partial disability.

When determining how much is due you, look to see if there is a provision in your policy which adjusts your former income for inflation. The adjustment for inflation will complicate calculating how much money you’ll receive, but can be worth it in the dollars you’ll receive.

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