Tag Archives: DisabilityBenefits

Why Don’t More Children Receive Social Security Disability Benefits?

Most people consider the Social Security program as something that supports the elderly. Statistics prove this to be correct. According to the Social Security Administration, from the 62 million people that receive Social Security benefits right now, more than 43 million are retired workers. Children are also entitled to receive Social Security disability benefits under specific circumstances. The main reason that many people are unaware of children’s Social Security benefits is because very few children are eligible to receive them. In general, there are three ways that children can receive these benefits: If their parents are receiving retirement benefits from the program If one or both of their parents become disabled If a parent passes away (survivor benefits) In July 2018, about 1.87 million children of deceased employees received survivor benefits. About 1.51 million children of disabled workers received family disability benefits from the Social Security Administration this past July…
Read More »

Posted in Benefits | Tagged , | Leave a comment

What You Didn’t Know about Social Security Disability Benefits

Social Security disability benefits are an essential part of the structure of our country’s workforce. However, many people still don’t understand the finer details of the system. This ignorance goes so far that some people think that disability benefits are an entitlement program. This couldn’t be further from the truth. What You Should Know About Social Security Disability Benefits The Social Security Administration is responsible for two programs that assist people who cannot work due to health conditions. These programs are the Supplemental Security Income program, SSI, and the Social Security Disability Insurance program, SSDI. While eligibility for SSI is determined by financial need, SSDI eligibility is based off you work record. When people talk about disability benefits, they are usually talking about the SSDI program. You see, the Social Security taxes taken out of your paycheck not only go toward the country’s retirement program, they also fund Social Security’s…
Read More »

Posted in Benefits | Tagged | Leave a comment

What Do Retirement Advisors Need to Know About Disability Benefits?

  Do you have a retirement advisor? If not, you might need to consider getting one. Having such a financial advisor could prove useful to you down the line, but there’s something you need to know about them. When it comes to counselling people with disabilities, advisors of this sort may be a bit out of their depth. Can Retirement Advisors Help When It Comes to Disability Benefits? A retirement advisor was trying to help his client apply for Medicare at the age of 65 when he made a startling discovery. His client should have been on Social Security Disability Insurance for years before this application. That’s because the client had experienced a severe car crash that left him paralyzed over most of his body. Neither the advisor, the person who was paralyzed, nor that victim’s family thought about applying for benefits until it was practically too late. Now, there’s…
Read More »

Posted in Benefits | Tagged | Leave a comment