May 21st, 2012|
May is Disability Insurance Awareness Month, according to the Houston Chronicle. Most of you are probably aware of the value of health insurance or of life insurance, but many of you may not think about an illness or injury as disabling until one or the other prevents you from working.
You may think that you will work for 30 to 40 years without any significant break. But the Social Security Administration (SSA) estimates that up to one-third of Americans may need disability insurance sometime before their retirement years.
For example, someone in a car accident that requires two or three years for recovery and rehabilitation may need the support of disability insurance until s/he can return to work.
Only about one in three workers have private disability insurance–the majority (100 million) do not. Most (153 million) are insured for Social Security Disability Insurance (SSDI) through their FICA taxes.
More than 200,00 Americans apply for SSDI each month: more than 225,000 applied this past April.
Since the SSA denies two out of three initial applications, you may want to choose an expert such as a Social Security Disability lawyer to help you navigate the process effectively.
If you or someone you know needs help getting benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.