SSDI And Disability Insurance
There are over 1.5 million Americans that are unable to work and are on disability. According to America's Health Insurance Plans "In the absence of adequate insurance, many disabled employees could become dependent on public programs.'
Social Security Disability Insurance benefits are only available to individuals who have a disability expected to last a minimum of one year or result in death. The process to qualify for Social Security Disability Insurance is a lengthy one; you may have to wait a few months before you start receiving payments.
Qualifying for private insurance benefits is no guarantee that you'll qualify for Social Security Disability Insurance since there are very strict qualifications you must meet. If you are concerned about where you will receive income should you be unable to work temporarily or permanently, you should consider private disability insurance. You can use InsuranceBureau's online form to obtain quotes. One form gets you competitive quotes from a variety of different disability insurance companies.
Sources
- Disability Insurance: A Missing Piece in the financial Security Puzzle. (2004) Retrieved April 25, 2008, from http://www.ahipresearch.org/bytopic.html#topicdisability
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