California Long-Term Disability Buyout Lawyer

The federal ERISA statute (Employee Retirement Income Security Act) is a complicated law that governs employer-provided disability benefits. Unfortunately, over the years since it was enacted, its interpretation has become increasingly favorable to insurance companies. The result is that it can be incredibly difficult to obtain benefits. The most likely way that you will receive the disability income that you need is through a buyout negotiated with your insurer.

If you have been denied benefits under your employer-provided disability plan, contact our California long-term disability buyout attorney at the Law Office of P. Randall Noah with experience in this complex area of law. It is difficult to reach a fair buyout agreement on your own. You should know your options before negotiating.

Determining What Is Best For You

Attorney P. Randall Noah will recommend accepting a buyout only when it is in your best interest to do so. You will receive complete information so you understand all of your options so you can make a well-informed, educated decision on how you wish to proceed. We encourage our clients to ask questions as often as possible so you can understand the impact any decision could have on your future and the outcome of your claim.

Insurance Benefit Negotiations and ERISA Lawsuits

When your long-term employee benefits have been denied, you have the option of filing a federal ERISA lawsuit for reinstatement, where you are often required to mediate and attempt settlement of your claim. If mediation and negotiation fail, you can appeal, but the judge can only reinstate your benefits.

Once reinstated, your insurance company still has the right to continue denying benefits. During litigation, a negotiated long-term disability buyout is often the solution. The principle behind a buyout is best illustrated by example. If your company owes you $200,000 over the course of 10 years, but has denied your claim, you could in some circumstances reach an agreement to buyout your benefits for $100,000 upfront — to the benefit of all sides.

What Is the Purpose of a Buyout?

The purpose of a long-term disability buyout is finality — to get the money and sever your relationship with your insurance company. If a buyout becomes your best option, Mr. Noah will negotiate strategically on your behalf to ensure the best possible outcome. He has the in-depth knowledge and savvy borne from experience that is necessary to reach a successful outcome in these complicated and nuanced claims.

He can also assist if your private insurance company has, in bad faith, denied insurance benefits that it is contractually obligated to pay (in non-ERISA claims), or if you have questions about offsets and overpayments regarding your federal and state insurance benefits.

Call a California Long-Term Disability Buyout Attorney

Do you have questions about long-term disability buyout? Contact our California insurance benefit negotiation lawyer online or call 925-402-4529 for more information. We offer a free 30-minute consultation for certain cases. With offices in Orinda and Lake Tahoe, the Law Office of P. Randall Noah represents clients throughout Northern and Southern California and nationwide.