I know that I have discussed Social Security Disability Insurance previously but one of my readers asked a question last week that indicates that I need to address that topic again.
Generally, I stay away from offering advice on government programs. Historically, there has been a line that separates private insurance from government programs. However, with Obamacare approaching, the line between private and public insurance programs is blurring.
That line has been hazy for years with Medicare. It will be erased with Obamacare in 2014. The last clearly defined separation of public and private insurance is with Disability Insurance.
Currently, Social Security administers the public form of Disability Income. That coverage is subject to rules that are determined by the Department of Health and Human Services.
One of their current rules is that no benefits are payable until after you have been disabled for at least 6 months or your claim has been approved, whichever happens later.
The Major Medical coverage that you will be required to buy under Obamacare does not pay any money to you while you are sick. It only pays your medical providers. If you do not have private Disability Income insurance your only options for income until your SSDI application is approved, while you are disabled are your personal savings, your spouses income or charities.
They asked, “I have applied for SSD but I cannot work as I am getting ready for lung surgery and my wife is only making about $600/month and we are now so far behind on bills and never have any day to day money for gas and such so I am wondering if there is anyway I can get money coming into my house while I’m waiting?”
- Changes in the Disability Rolls (cafehayek.com)
- Is Your Paycheck Protected If You Get Sick Or Injured? (theinsurancebarn.wordpress.com)
- Disability Insurance Overwhelmed, Increasingly Scammed (shofar37.wordpress.com)
- Austin SSD Benefits Lawyer with The Bob Richardson Law Firm Supports Expansion of Compassionate Allowances Program to Include 200 Diseases and Conditions (prweb.com)