Overcoming the Financial Challenges of an Accident

One of the most significant challenges one can face in the aftermath of a serious accident is the burden of remaining financially solvent if one has been left unable to work. This type of devastating injury creates a variety of psychological impediments that are only compounded by money issues. Even in cases where one expects to ultimately recover from a legal settlement, the period prior to realizing that result can be difficult. Fortunately there are steps that one can take to stay afloat and manage one’s finances, particularly during the transition period:

Explore Disability Benefits

While it is very easy to succumb to feelings of defeat, remaining proactive is often the best way to address one’s financial needs. Many employers not only offer short-term disability benefits as an option, they may automatically provide it to their employees. It is critical to explore this option early because there may be a time limit for filing a claim. It is unlikely that this money will alone be sufficient to cover all of one’s expenses, but it can serve as an important bridge.

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