Residual Disability or Partial Disability clauses are often a component of a private disability insurance policy. Depending upon the nature of their medical condition, physicians and business owners might be capable of performing their occupational duties but on a limited basis. In that circumstance, the policy allows for payment of a portion of the full monthly benefit based on a complicated calculation that incorporates prior earnings, current earnings and loss of earnings.
The disabled insured is required to turn over years and years of personal and business tax returns and proof of current earnings. Then the disability insurance company has its financial or accounting department analyze and decipher figures that often lead to conflict between the company and the insured.
Gisonni Law Firm has been working with disabled people with residual disability claims for decades and knows the ins and outs of these claims. If your residual disability claim is becoming overly complicated or your disability insurer has delayed payment, give us a call at 516-204-4160.