Social Security Disability Insurance, and Private Disability Insurance: A Primer
It’s a reality of life that about 1 in every 4 American workers will, at some point in their life, become disabled. As frightening as that may sound, disability insurance will greatly help to sustaining disabled workers in their time of need. Of course, Social Security Disability Insurance (SSDI) benefits are an important source of disability protection for workers, but we’ve all heard the stories of how difficult it is to be approved for SSDI and how long it takes for benefits to start flowing. And that’s where private disability insurance – both short term and long term – can play a crucial role. Many, if not most, U.S. employers offer short term and long term disability insurance, and offering such coverage is mandatory in some States. This important article appearing in the Southern Maryland Chronicle provides a primer on both SSDI and private disability insurance, and how they can be a lifeline for anyone disabled before age 65. Click here to read more.