What does BLTD mean in DISABILITY

BLTD covers expenses and lost wages for disabilities that last for more than three months, typically lasting up to two years. Generally, this policy will pay a percentage of your salary if you are unable to work during the period of disability.

Most often, employers or unions offer these policies which are paid by either the employee or employer. Depending on who sponsors it, there may also be cost sharing built into the plan between employer and employee.

You should apply as soon as possible after diagnosis of a long-term disability so that you can start receiving your benefits right away. It's important to ensure that all documents are completed and submitted correctly so processing goes smoothly.

The exact amount of money provided depends on the individual circumstances and policy purchased; however, payments generally range from 40%-70% of your salary or wages when you were able to work before experiencing disability.

Yes, most policies exclude certain conditions such as pre-existing medical conditions that were present prior to purchasing coverage, psychiatric or mental health disorders or self-inflicted injuries among other things. It's best practice to review your specific policy details carefully before applying for benefits if you have any questions about eligibility.