Unfortunately, accidents are a part of society. Whether we see it on the roadways, public places, at home or at work, accidents could occur at any time or any place. They can also leave an individual with a life altering injury that could temporarily or permanently change the way they live his or her life. When a disabling injury makes it difficult or impossible to work or make a livable income, it may be necessary to seek disability benefits.
Disability insurance in the workplace provides financial protections. In essence, it helps protect one’s paycheck if they are suddenly disabled because of an injury. Social Security Disability Insurance is a federal program that helps replace the income for people that are suffering from severe health conditions or an injury that is expected to last 12 months or result in their death.
Currently, 8.5 million Americans receive SSDI, averaging a monthly payment of $1,258 a month. Each year, the Social Security Administration receives roughly 2 million applications for SSDI. This program not only helps support self-sufficiency but also provides the potential to return to work after suffering a disabling injury or condition.
The fact that only 37% of initial applications are approved may discourage individuals from ever applying; however, it is important to note that there are opportunities to receive these benefits even if one is denial at the initial application phase. Seeking reconsideration or filing an appeal could help one obtain an approval. Furthermore, one should note that he or she does not need to suffer a permanent disability to apply and receive SSDI benefits.
Because one in four 20-year-olds will experience a disability before they reach retirement age, it is vital to understand SSD benefits and how to move forward with the application process. Because it can get confusing or result in a denial of benefits, it may be helpful to obtain legal guidance throughout the process.