Why pay for LTD for years if, before your actual LTD effect date, you're already being pushed toward SSD?!
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I couldn't get a definite answer on if I would still have medical insurance & for how long. Sedgwick said it would come out of LTD payment. Lincoln already told me that was wrong. People resources told me if on SSD I would lose insurance. Not old enough for Medicare & still need cancer treatments, so will head back to work & do what I can until........
Lincoln Financial provides Walmart's LTD:
Q: I've been terminated from Walmart or I have decided to retire, how does that affect my LTD claim? A: Your employment status does not impact your LTD claim. If you were actively employed at your date of disability and you are currently receiving LTD benefits, your termination or retirement will not impact your LTD claim. There is one exception. If you've been referred for the accommodation process, your LTD benefits could be impacted upon your retirement or voluntary termination. This process helps facilitate your re-entry into the workplace and is performed by the Lincoln Financial Group Vocation Rehabilitation team and Sedgwick's Leave of Absence Team. You should contact your case manager immediately if there is any change in your employment status, particularly if you've been referred to the accommodation process.
Q: How does Social Security benefits impact my A: After 4 months of disability and provided you are eligible for Long-Term disability (LTD) benefits, Sedgwick will report your claim to a Lincoln Financial Group representative who will contact you to discuss your situation. If you are a New York or New Jersey resident whose claim for statutory short-term disability benefits is being handled by Lincoln Financial Group, your claim will be referred for LTD consideration and a representative will contact you to discuss your situation. There are special requirements for the following scenarios: ■ If you are a Puerto Rico associate, please advise your facility human resources to assist in filing an LTD claim after 4 months of disability. Q: When will I receive my first check? A: LTD benefits are issued bi-weekly, approximately every 14 days from when your LTD period commences. Q: Are taxes withheld from my LTD benefits? A: No. LTD benefits are non-taxable. However, for any year you receive LTD benefits, we are required to send a W2 which you'll receive by January 31 of the following year. Q: Are Medical Insurance premiums deducted from my LTD benefit through Lincoln Financial Group? A: No. Premium payments for medical insurance, vision, dental, life, accidental death, and any other benefits coverage available through Walmart are not deducted from your LTD benefit. Please contact the Walmart Benefits Customer Service Center for any questions regarding payment of benefit premiums at 1-800-421-1362. LTD benefit? A: Social Security Disability benefits reduce the amount of LTD benefits you and your dependents receive dollar for dollar, regardless of when you began receiving the Social Security Disability benefit. Dependent benefits are reduced only if the dependent is receiving Social Security benefits as a result of your disability (versus their own or another family member). Social Security Retirement benefits reduce the amount of LTD benefits you and your dependents dollar for dollar, but only if you began receiving the Social Security Retirement benefits after your date of disability. If you began receiving Social Security Retirement benefits prior to your date of disability, your LTD benefits will not be reduced. Please note that you are required to file for Social Security benefits as per the policy. Please contact your case manager for any detailed questions regarding impact of the award as well as advantages of applying for these benefits.
I did know someone I think who collected both. That is what they do.