Every indication from the Supreme Court hints that Obamacare is in danger. We won’t know until later this summer exactly how much danger there is to the PPACA. The Supreme Court may elect to do nothing. However, they may elect to declare part or all of Obamacare unconstitutional.
President Obama is not waiting until after the Supreme Court decision. After-all, this is an election year. Since the Supreme Court ruling will only be a few weeks before the national election, he needs to scare the American public enough to over-come any adverse reaction the Court may have to his signature legislation.
Mr. Obama is playing politics again with people’s health care. One of the arguments Mr. Obama and his cronies made in support of Obamacare in 2009 was that America needed new legislation to prevent people from having to file for bankruptcy in the event of a serious injury or illness, even though they have health insurance.
Unfortunately, he is not telling the entire story. Here are some facts that he is leaving out.
A major sign that someone is heading towards bankruptcy is that their house is being taken from them from the bank. Almost half of all foreclosures are caused by medical issues. Major Medical insurance, including the “Essential Benefits” plan in Obamacare does not replace any income while an individual is recovering from an injury or illness. The type of insurance that does is called Disability Income insurance.
The federal government does have a program to help people who are disabled. It is called Social Security Disability Income. To receive benefits you must meet Social Security’s definition of disability. It is…
- You cannot do work that you did before;
- We decide that you cannot adjust to other work because of your medical condition(s); and
- Your disability has lasted or is expected to last for at least one year or to result in death.
If you are able to recover and return to work in less than a year, you will not get Social Security Disability benefits.
Not everyone who applies for disability benefits from Social Security will receive money. They have to first satisfy Social Security that they qualify.
Social Security has a list of certain conditions that automatically qualify for benefits. If your doctor is willing to certify that you suffer from one of these conditions, your benefits will begin approximately 6 months after you become disabled.
If you do not automatically qualify, your application will need to proceed through the Social Security appeals process. I have heard of that process taking as long as 2 years.
Once your appeal has been approved, Social Security will pay you for any benefit payments that were missed while your application was in the appeals process. However, it will be your responsibility to use your personal savings or find another way to pay your bills and expenses while you wait for the beaurocracy of Social Security to approve your claim.
SOCIAL SECURITY DISABILITY STATISTICS
If you are relying solely on Social Security Disability insurance to protect you, here are some facts that are not being shared by the politicians who are promising you that the PPACA solves the problem of bankruptcy for people who have “health insurance.”
- 60% of Social Security Disability Insurance claims are declined.
- 85% of disabling accidents or injuries are not work related
- 71% of Americans live from paycheck to paycheck
Most states have laws that state that employers are responsible for medical bills and lost wages if an employee is injured at work. Unfortunately, statistics show that the huge majority of disabling accidents or injuries do not happen while people are at work. Unless the cause of your medical issues can be traced directly back to your place of employment, you will not get any benefits from Worker’s Compensation insurance.
WHAT CAN YOU DO?
Obamacare will help the approximate 50,000,000 Americans who have no health insurance. The question is, whether that will solve your potential problem. If you already have Major Medical insurance, the PPACA does not do anything to help you your non-medical bills if you get sick and have to miss work. If that were to happen to you, there are only a few options.
- Use your “Rainy Day” savings.
- Cut back on your standard of living.
- Rely on your spouse’s income.
- Move in with family or friends.
- Ask churches, charities, family and friends for money.
- Borrow money at a high interest rate.
- Have Disability Income insurance.
If you choose to get Disability Income insurance and have no personal insurance agent, I would like to apply for the job of helping you. Use the form in the right side of this blog to contact me.