Disability Benefits: Explained

Most people these days, of all generations, recognize the importance of succeeding in their careers and building a life where they can maintain happiness and comfort. Of course, while we encourage success and prosperity, we also encourage people to think about the “What if’s” of the future. One of them being, what if you were to become unable to work? What kind of benefits are available for you? 

The Social Security Program

In order to protect your job and any of your earnings due to disability, retirement, or death, The social security program was created for all Americans. To be more specific, Supplemental Security Income (SSI), and Social Security Disability Insurance (SSDI) were developed to provide a sustainable compensation to an individual, in the tragic event that they are suddenly unable to work. Social Security programs can be quite complex, and differ in many ways, so, if you’d like a more in-depth explanation, head on over to our Social Security: Explained blog for more information.

The Disability Application

Once you are familiar with the Social Security options and are going to be filing for disability benefits, It’s crucial that you review the Social Security Administration (SSA) guidelines and have all information and paperwork ready to go before you start filling out the application. The process usually consists of the SSA gathering insights such as current work activities, making sure you meet basic disability benefits requirements and analyzing any other qualifications that you may be eligible for. Once the application is complete, it will be forwarded for determination. Luckily, the Disability application can be done via, phone, online, or even in person. (SSA)

Different Kinds of Disability Insurances/Benefits

Now that we’ve touched base on the Social Security options, what are some other benefits and insurances that are available if you are unable to work? Fortunately, there are a few. Short Term and Long Term Disability are insurances that will help pay for part of your income while you’re absent due to a disability. (USA) The policies are usually available through your employer, however, not all businesses and corporations are obligated to offer them. 

Thinking long term, it’s imperative that you consider health care for disabilities, as well. Your three options would include: Medicare, for those under 65 years of age with particular disabilities, Medicaid, medical benefits that are offered at lower-cost, and the Affordable Care Act Marketplace, which was created for those who don’t necessarily qualify for any disability benefits, but still need some type of healthcare coverage (USA).

Lastly, If you’re a veteran who got injured or became ill due to serving in the military, you could be eligible for VA disability compensation, which is a tax-free monthly benefit (VA).

A lot of moving parts go into disability benefits, and having an attorney who is well versed in disability benefits would be great to have on your side to help navigate this process and ensure that your benefits are received. Our attorneys at Franco Law Firm have the required experience and expertise that will act as a helping hand and are more than happy to set up a free consultation with you. Give us a call at (813)872- 0929 or email us at rvelez@francofirm.com. Stay safe, everyone!