Options for Attorney Fees Concerning LTD Claims
The prevailing claimant in a long-term disability claim brought under the Employee Retirement Income Security Act of 1974 (ERISA), is entitled to recover attorney fees, costs, and interest from the insurance company defendant.
Some clients choose to retain the lawyers of MyLTDbenefits.com on a contingency fee basis. Under the contingency arrangement, the client’s fees are paid from the recovery calculated either as a percentage of the recovery or on an hourly basis. Under this arrangement the client need not pay fees upfront or while the case is pending.
Other clients choose to enter a Fee Agreement with MyLTDbenefits.com to pay the attorney fees on an hourly basis of $350. Under this arrangement, the client would pay for legal services as the case proceeds and, upon winning the case, keep the entire recovery. Like the contingent fee, the prevailing claimant in court may collect attorney fees, costs, and interest from the long term disability insurance company.
Another fee option is to pay an upfront Flat Fee. The amount of the Flat Fee is established at the beginning of the case for the attorneys of MyLTDbenefits.com to perform certain services, such as an administrative appeal. Like the hourly arrangement, the claimant keeps the entire recovery upon winning in court, but may recover attorney fees, costs, and interest from the LTD carrier.
Finally, MyLTDbenefits.com offers a Hybrid fee arrangement that may be tailored to the client’s particular needs by combining features from the various fee options, such as contingency and flat fee.
The ultimate goal in choosing a proper fee arrangement is to provide you with access to the legal system and to assure that your claims will be pursued relentlessly so that you receive the maximum value of your claim from your opponent.
A free initial phone consultation will determine which fee option may be most advantageous to you. Contact MyLTDbenefits.com to schedule your consultation.