Many seniors look forward to retirement. It's a time where they can stop working and enjoy themselves and everything they have worked their entire lives for. They can travel, take up hobbies or spend time with friends and family. Additionally, once they reach age 66, Social Security can provide a boost in their income that provides some financial security.
Millions of Americans rely on Social Security Disability payments in order to meet their basic needs. These people are suffering from medical conditions that keep them from working. This income is vital for many of these individuals. Therefore, when the Social Security Administration denies an application for SSDI or revokes a person's SSDI, the consequences can be serious.
Although few like to admit it, we are all susceptible to bias in our decision-making. Among the most common biases is short-sightedness based on previous personal experience. Planning for disability is a good example of this phenomenon.
This weekend will mark the 24th anniversary of the signing of the Americans with Disabilities Act. This important piece of legislation fundamentally changed the way that our country accommodates the needs of those with disabilities. It also removed barriers of access to employment, at least on paper.
There are many well-intentioned government programs that, due to certain provisions, are in some ways detrimental to those they are designed to help. This is how many Americans feel about Supplemental Security Income, which is similar to Social Security Disability Insurance. The major difference with SSI is that individuals need not have paid FICA taxes in order to be eligible.
If you pay attention to the news, you probably know that Social Security Disability Insurance is a fairly controversial and highly politicized issue. In recent decades, the number of Americans receiving SSDI benefits has risen significantly, and this has led to criticism that the program is unsustainable, “broken” and in need of reform.
Many of the limitations we face in life are either self-imposed or based on how others view us. That’s why it is so important to discuss and think about disability in non-defeatist terms. We may be confined by our physical limitations, but we don’t have to be defined by them.
Earlier this week, we began a discussion about Social Security Disability Insurance. Millions of Americans who are no longer able to work due to a disabling injury, illness or medical condition rely on disability benefits to make ends meet.
How much do you know about Social Security Disability Insurance? Most Americans are not very familiar with SSDI despite supporting the program through payroll taxes. And if you are young and healthy, you may not need to know much about it.