By Ted Norwood, General Counsel and Director of Representation, Integrated Benefits, Inc. The United States Social Security Administration offers two programs—confusingly named Social Security Disability Income and Supplemental Security Income—aimed at providing or supplementing the income of people who are unable to work. SSDI (also called Title II benefits) provides disability coverage for individuals who…
Millennials are shaping up to be one of the most influential and unique generations of all time. They’re already the biggest population in US history, consisting of 92 million people (compared to 77 million “baby-boomers”), and they currently make up close to half of the American workforce. One thing that sets millennials apart from past…
Long-term disability insurance helps protect you from life’s unknowns and ensures you have a paycheck even when you’re not working. For anyone still paying off student loan debt, disability insurance is a must-have so you don’t fall behind on your loan payments.
If you expect to rely on Social Security Disability Insurance – SSDI – if you become disabled, you may be gambling with your financial well-being.
Over half of the American population has less than one month’s income put aside for emergencies. Around 40% of Americans are not able to meet an unexpected expense of $400. You can financially prepare for the possibility of disability. The first step is realizing there’s no good excuse for not seeking out disability insurance.
Want to get the most our of your disability coverage? Learn how Social Security Disability Insurance (SSDI) and Long-Term Disability Insurance Work Together
How would you finance an unexpected disability? Here are three other ways to potentially cope with replacing your lost income when you’re out of work due to a disability.
The recent presidential debates mention student loan burden, but never specifically the student loan burden for those with disabilities. There is a program called the Total and Permanent Disability (TPD) Discharge, which addresses debt burdens for those with disabilities.
The income protection caucus aims to raise about the risk of disability, promote personal financial responsibility, and encourage preparedness. Learn more here.
Do you know the differences between Social Security disability insurance and private insurance. Find out what you need to know and why you might need both.