paying back ltd
 

Has anyone who received ssd back pay who had ltd from work . did your company make you pay it back. and how long did you take to pay it back.
thanks
ocean:mad:

yep
 

I am right now waiting for my back pay so I can pay back my LTD. They will take it from that, but I am sure they would not let me take any longer than that. Bummer it is most of my back pay, but at least I will be getting the SSDI monthly now.

Good Luck!:)

Hello Ocean :)
I am just beginning to recieve LTD and I opted to not get the estimate reduction and I understand I will have to repay them once-if I am awarded SSDI/SSA. I had a question about a different LTD issue in this thread http://neurotalk.psychcentral.com/sh...ad.php?t=41793 . If you take a peek there, you'll see some members who've done the backpay already and maybe you can PM some :)
Good Luck!!

You need to apply for benefits on your own. The LTD company is not helping you with a lawyer, who is really working for you, put the company. This looks to me like a conflict of interest.
You should hire a lawyer of your own when you need one.

If you have not signed an agreement to turnover your back money do not.
Let's say your LTD company pays you $1300 dollars a month. Your SSDI amount is $1000 per month, You have them keep the $300 dollars a month. Let's say your back money is $10,000 you repay them in about three years.

If you have to pay the LTD company your back money the company will try to cancel your policy, and terminate your benefits.

You may want to find this book at your local library. Nolo's Guide to Social Security Disability by David A Morton.
http://www.amazon.com/Nolos-Guide-So...rsrsrs0#citing

I is not allows a great idea to go to the SSDI office for help when applying for benefits. The staff may have to write down how you looked when you came in for an interview.
Some of us look normal even through we are very sick and can not work.

When SS is awarded they issue a check that back-pays you for all the benefits from your qualifying date to the present, and you can pay your LTD back from that. Mine was like about $29,000 and I basically just turned around and paid back my LTD plan from that.

Wait for the LTD company to contact you...
 

I ended up having to quit my job, then applied for SSDI and when received i never told the LTD carrier. I figured I had paid a few bucks per pay for the insurance and if they wanted their $$ they could come find me. So far so good 6 years later.....

Just put the $$ away and wait for them to contact you for payment.:D

:eek::D

Beggining to differ
 

I don't agree with Beachlover (sorry! :( )
In my situation I have it in writing that I am required to let my LTD provider knowif I have any income from jobs, State Disability, settlement awards, .... ANYTHING! If you don't I believe you are flirting with a fraud accusation. :Noooo:
Yeah, you could out that money away and wait but there's always a temptation to use it. What's the point in that unless you have it in a high interest account? The economy is in a bad place right now to even try that route. My opinion is to let all your income givers know about the other guys ASAP.

LTD is insurance, whether you paid for it or your employer provided it. Insurance policies list exclusions, provisions and often steps you must take when your situation changes. I agree that beachlover might find that it is more trouble to just let it ride, especially if there was a policy provision that immediate notice was required of other income sources. The only reason I could see that there would not be collection would be if the sdd began at the exact moment the ltd stopped, which would mean there was no overlap or overpayment.

If your LTD policy states that you must repay benefits when awarded SSDI, then you must. If you don't, when they find out and they will, you will pay back all benefits and interest. You won't be given a chance to do so over time, it will be immediate. They will probably use an interest rate that exceeds anything you can get on the money.:rolleyes:

The problem I have ran into is my wife and I divorced at the time I was going to get my SSDI and the checks for the kids went to her. She would not pay the ltd back so I owe alot of money I don't have. Also I owe more due to the person at the ltd had told me that my exwife had paid the money back and I owe x amount of money. I paid them the x amount said and thought all was good. A year later they notice may exwife did not pay and they had paid to much and wanted back pay for that also. I don't have the money to pay them back. What can they do to me? I don't thing they can garnish my SSDI check, but I don't know.
Please let me know what they can do. I am going though all this at the time.

Paying back your ltd
 

I am also currently awaiting my ssdi back pay, and of course my ltd expects all of it as back pay, however, I have been researching and actually spoke with an attorney who handles cases with ltd companys and ERISA. You do not have to pay the ltd back from your ssdi backpay award. Now of course it depends on how much your ltd company will continue to pay you on a monthly basis as to weather it is worth it to you because they will automatically cut your benefits until the repayment is made. In my case they will only continue to pay me 118.00 per month, However when my back pay is paid to them in full then they have to reinstate my monthly benefits if it is still within the timeframe that I would have continued to receive benefits from them which in my case is untiil the year 2032. This is all very confusing and also a little scarry, I am still not sure what I will do. Although the lawyer gave me all the info I needed, they cannot sue you, they may turn you over to a collection dept. Anyway if you would like the email he sent to me just let me know and I will be glad to forward it then you can decide which option is best for you. Hope this info helps a little