By Bill Bishop and Roberto Gallardo
The Social Security disability system began in 1957 as a way to help people too sick to work. By 2009 more than 9.6 million Americans were counted as disabled. Rates of disability in rural America are 80 percent higher than in the cities.
More than one out of four working age adults (15 to 64) in Buchanan County, Virginia, was receiving disability payments from Social Security in 2009.
Originally posted on The Advocator Blog
"Fact: Every second, a worker in the U.S. becomes disabled. Then what?"
That is the question that Jon Arbay, Executive Director and founder of the National Association for Injured and Disabled Workers (NAIDW), found himself faced with after he suffered a disability that halted his career indefinitely.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires most group health plans to provide a temporary continuation of group health coverage that otherwise might be terminated. COBRA requires continuation coverage to be offered to covered employees, their spouses, and their dependent children when group health coverage would otherwise be lost due to certain specific events. Those events include the death of a covered employee, termination or reduction in the hours of a covered employee’s employment for reasons other than gross misconduct, divorce, or legal separation from a covered employee, a covered employee’s becoming entitled to Medicare, and a child’s loss of dependent status (and therefore coverage) under the plan.
May is Disability Insurance Awareness Month. This annual month of consumer outreach was founded by The Life and Health Insurance Foundation for Education, a nonprofit insurance information organization.
Social Security is one of the largest federal programs designed to provide benefits to people with disabilities. Issued by the Social Security Administration, this program permits payment only to those with a disability or those who meet certain medical criteria. Sure, we all sit back and say this could never happen to us. You’re healthy, you take good care of yourself, and you don’t do anything risky or dangerous. But according to government statistics, a 20-year-old worker stands a 3 in 10 chance of becoming disabled before reaching retirement age. And with nearly 50 million Americans living with some type of disability, it is very important to find out how you would be covered and protected should something happen.
Social security disability is a tricky subject for some people that don’t fully understand the concept. The truth about this type of disability compensation is a bit discomforting for those without a great deal of working history, as you earn this compensation throughout the many years you work. Although there are many that are able to receive a handsome amount from their social security disability benefits, there are those that are just without a lot of hope when relying on this resource to stabilize their finances after an injury incurred at work. So what exactly is this type of compensation, how much can it help, and how do you receive it?