April 8th, 2013|
April 8, 2013
While government officials believe there are several causes for the lack of an economic turn around, many claim a large portion of the problem stems from a lack of workers being able or willing to leave the nation’s Social Security Disability Insurance program.
According to an article from The Wall Street Journal, the nation’s unemployment rate was at 7.6 percent in a report issued this past Friday. Economist, Michael Feroli, attributes this to a growing number of workers who are unable or unwilling to rejoin the workforce.
Many workers say they cannot continue doing the work they once did, but lack educational resources to learn a new trade.
This problem is only being compounded by a lack of new employees entering the workforce. In March, the number of individuals joining the workforce was only up by 0.2 percent compared to the same time a year earlier. In the previous decade, the nation’s workforce had grown by an average of 1.2 percent per year.
In an effort to solve the problem, the White House submitted a budget that would call for loopholes in the law to be closed that allow citizens to collect both unemployment and disability benefits at the same time.
The Social Security Disability Lawyers with Fleschner, Stark, Tanoos & Newlin recognize the scrutiny the program is facing along with budgetary shortfalls could make receiving Social Security benefits more difficult than ever before. That’s why the firm suggests discussing your case with an attorney before filing a claim.
September 21st, 2011|
Hope for the best, prepare for the worst; isn’t that how the saying goes? Too few Americans are “preparing for the worst” when it comes to disability insurance, points out a new Washington Post article.
That’s because few people anticipate relying on disability insurance; thus it’s often taken for granted when employers foot the bill for it. Likewise, disability insurance is often barely missed when employers withdraw it from company benefits packages. That is, until you need it, and when you need it, you’re likely to need it badly—and quickly and for prolonged periods of time.
An increasing number of employers are now shirking off disability insurance costs, slyly putting these crucial—but too often overlooked—benefits in the hands of employees, reports The Washington Post.
The Post reports: “According to the Social Security Administration, a 20-year-old has about a 30 percent chance of becoming disabled by the time he retires. Although many people assume that accidents are the most common reason for a disability insurance claim, illness accounts for 90 percent of all claims, says Barry Lundquist, president of the Council for Disability Awareness, a nonprofit education group funded by the disability insurance industry. The top reasons for new claims last year, according to the organization’s annual claim, were musculoskeletal conditions such as arthritis or back problems, followed by cancer. A typical disability insurance claim lasts about 2.5 years, according to research compiled by CDA.”
If you need help with your Social Security Disability benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.