My insurance company has agreed that I am permanently and severely disabled and agree to keep my on LTD past the 2 year mark and if I am not mistaken until I am 65. This was after some discussion, reevaluating my physiotherapist discharge report(they hired the physiotherapist) . I also mentioned that I Applied for CPPD. They said I need to fill out forms for Insurance Co to communication with Service Cda and to set up automtic repayment of LTD to them. As well as annual commication with Service Cda. About my disability.
Before I sign the “Irrevocable consent to deduct and pay the insurer” papers giving the insurance co. Permission for direct repayment, I want to know if this would be wise? Should I get the large retroactive payment sent to me and I repay them insurer back? And how much would the insurer be paid back?. I read on Service Cda website CPPD only go back 11 months in retroactive pay. But, is this full payment or is this just the difference between what I get from CPPD and the LTD payment.
I also received a letter stating they are keeping me on LTD and that they want me to apply for CPPD. In doing so, once I am approved or disapproved for CPPD, I am to let then know and they will dock my LTD payment, dollar for dollar each month, If Approved. . Meaning I still`
have the same income just from 2 providers.
2 more questions.
1.Will CPPD affect my disability tax credit, if approved?
My insurer realizes that I am trying to get back to my employer with my restrictions. I have worked there for 25 years and have many benefits. And it is difficult to walk away. And the insurer said if they do offer me some accomadated position, to let the insurer know. This will likely be impossible. (They had trouble accommodating me for the 2 years leading up to going off) I hope to get a severence or ask them to keep my benefits until 65. Do you have any input on this?
Thank you for listening. Cathy