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A Guide to Long Term Disability Benefits FAQs

According to the Social Security Administration (SSA), a 20 year old worker has a 3 in 10 chance of becoming disabled even before reaching retirement age. In fact, according to the Centers for Disease Control and Prevention (CDC), more than 50 million Americans report to having some level of disability – that’s as much as 1 out of 1 Americans.

Further, according to the U.S. Census Bureau’s Survey of Income and Program Participation (SIPP), 35 million have a severe disability, which may last for more than a year. Now that is where long term disability benefits come in.

For many people or even children who are afflicted with long term disability, being able to receive benefits is a lifeline as their capacity to earn or financially support themselves and their families can be limited by their physical or mental condition.

Here is an FAQ on long term disability benefits to help guide you through what kind of monetary assistance you can avail of in your condition.

  • When does a long term disability benefit apply?
  • In cases where your disability lasts for at least a year and in some instances, after 6 months when your short term disability benefits run out, long term disability benefits would now apply.

  • What are the sources of long term disability benefits?
  • A person may apply for long term disability benefits from the following sources:

    • Social Security Disability Insurance program
    • Supplement al Security Income program
    • Private insurance policies (may be from employment or individual)
    • Worker’s Compensation

  • What is the Social Security Disability Insurance Program?
  • These are disability benefits given to disabled workers and in some instances, disabled children if they have worked long enough and have paid Social Security taxes and earned “credits”. Short term or partial disability shall not be given benefits under this program, further, your disability and medical condition must meet the SSA’s definition of disability. Unless you cannot do the work you did before, or adjust to any other work because of your medical condition and that such has lasted for at least one year or result to death, you will not be considered disabled.

  • What is the Supplement al Security Income program?
  • Any person who is aged or disabled with little to no income may be eligible to receive such SSI benefits. To qualify, the individual must have a medically determinable physical or mental impairment that would result to inability to do any substantial gainful activity or which can result to death or last for 12 months. Children who are disabled may also receive SSI benefits so long as they have severe functional limitations which shall last for not less than 12 months or end in death.

  • What about insurance policies for long term disability?
  • To doubly insure yourself and your family in case of a sudden long term disability, you may purchase a long term disability policy from private insurance companies or receive such protection from your employer. Insurance plans may be any of the following: Employer fully paid plan, Employee fully paid plan, Shared cost plan. The beneficiary may receive LTD benefits for two to five years or until you turn 65 and depending on your policy, may pay you as much as 50 to 60 percent of your salary.

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