While facing new daily restrictions due to your disability is challenging enough, the financial impacts of a disability can be even more daunting for most professionals who were previously full-body abled. To enable you to carry on with your life without a crippling debt burden, we have listed five practical ways for you to minimize your financial losses.
Consult A Disability Lawyer
Whether you are temporary or permanently disabled, it is essential to opt for legal advice from a disability lawyer to have the legalities of partial vs. full disability explained to you. The decision to rely on legal expertise will massively reduce your financial loss from a disability. Your lawyer will assist with the process of claiming disability benefits while also giving you solid advice with regards to all your financial options.
Claim For Compensation
Suppose you were injured in a car accident that led to your disability, or a work-related injury resulted in your disability, you can claim compensation depending on the specifics of your disability origin. Your disability lawyer will assist you with all the details of claiming.
You can then use your compensation to recover cost damages and minimize your financial loss. However, if your disability is the result of a health condition or caused by an illness, you might not be able to seek compensation through a lawsuit.
Claim From Group Disability Insurance With Your Employer
If you have access to a group disability insurance find with your current employer, you should take advantage of any compensation you could be legally entitled to by law. However, it is wise first to consult your disability lawyer to determine the best approach when claiming from any insurance policy. You could also be entitled to benefits from your disability insurance policy if you have one.
Apply For Social Security Disability Benefits
Whether you have a disability insurance policy or not, you can apply for social security disability benefits. It is best to apply for benefits with the guidance of your disability lawyer, as this decision will solidify your chances of being approved for maximum benefits.
Your lawyer will tend to all the legalities and assist with a disability benefits hearing should your initial application be rejected for any reason. It is best to avoid applying without legal representation as the legal details can be overwhelming.
Find An Accommodating Profession
Suppose your current place of work or the specifics of your current employment does not accommodate your disability. In that case, you should consider finding an alternative job as soon as you have recovered from your injury. You can find tons of work from home opportunities online or consider starting a whole new career path by signing up for short courses or other affordable certification methods to create a new career path.
Recovering your financial losses when faced with a disability can be daunting. However, an expert disability lawyer will advise where and how you can claim compensation for your experience. Once your damages have been retrieved, you can focus on starting a new life and a new career while overcoming the challenges of your disability.