According to the Council for Disability Awareness, it is estimated that one out of every four Americans will find themselves diagnosed with a disability prior to retiring at the age of 65. Additional studies show that less than half of individuals and families have enough money saved to sustain their living expenses for even one month before feeling the financial strain— illustrating that a long-term disability diagnosis can not just be devastating for the individual but also financially devastating for their entire family.
In short, no one plans to become disabled. And yet, it can happen to anyone at any time and the chances of it happening only increase with age, lifestyle choices, and even the type of work we do on a daily basis.
Popular Long-Term Disability Claims
But while the majority of people may imagine someone who struggles with a long-term disability as wheelchair bound, the fact of the matter is that long-term disabilities can manifest in a host of different ways— some visible, some not.
Below are the top five long-term disability diagnosis types by category according to our own research and the CDA’s 2013 Long-Term Disability Claims Review:
According to the CDA’s 2013 Long-Term Disability Claims Review, nearly one-third of all long-term disability claims are due to musculoskeletal and connective tissue disorders. These are best described as issues related to neck and joint pain as well as back and neck issues; muscle and tendon problems; foot, ankle and hand disorders as well.
More specifically, the following are among the most commonly diagnosed musculoskeletal and connective tissue disorders and conditions:
- back pain
- degenerated disk
Nervous System-Related Disorders and Conditions
Most nervous system disorders are common and can be helped or managed with treatments such as physical therapy and/or medication. Nevertheless, with some being generative, working full-time or even part-time can prove extremely difficult.
Below are a few common nervous system related disorders:
- Multiple Sclerosis (MS)
- Alzheimer’s Disease
- Parkinson’s Disease
- Epilepsy and Seizures
Cardiovascular/Circulatory Disorders and Conditions
According to the American College of Cardiology (ACC), it is estimated that an average of one person dies every 40 seconds in America due to cardiovascular disease. But for those individuals who experience cardiovascular issues and require surgeries and rehabilitation services, the time spent recovering can have a serious impact on their livelihood— limiting them from earning a paycheck as well as increased difficulties managing day-to-day activities.
Cancer and Tumors
Studies estimate that 41% of men and 38% of women will develop some form of cancer within their lifetime. And while hereditary factors and lifestyle choices can play a part in determining one’s risk factor, there is no fool-proof way of determining if or when you will be diagnosed with cancer.
If a cancer diagnosis or tumor does occur treatments such as chemotherapy, radiation, and surgeries can leave your body sick, exhausted, and bedridden among other things. During this time, it may be difficult or impossible for you to keep up with your job duties.
Depression and anxiety, especially amongst lawyers, are among the most common mental disorders that can affect one’s ability to work. Though the systems may not appear physical (though they can), mental disorders are nothing to be brushed off. If you experience lingering or worsening symptoms of depression or other mental disorders for a period of two weeks or more, talking to your doctor may prove helpful.
Most disorders can improve over time with the proper medical attention but leaving them untreated can lead to worsening symptoms that can have an effect on every facet of your life and limit you from living your best life.
Planning For The Future
Just because no one can predict the future, doesn’t mean you shouldn’t still plan for it.
If you wish to receive more information about how you can safeguard your financial future in the event of being diagnosed with a long-term disability, please visit www.texasbar.memberbenefits.com/long-term-disability/ to view the complete Long-Term Disability brochure or to download an application.