Social Security Disability Benefits

Social security disability benefits are an important portion of social insurance federal programs. These programs are designed to provide coverage to select members of society to ensure adequate medical care. The federal government and state departments administer social security disability benefits, and these programs designed to greatly benefit those who qualify and need it most It is important to understand the fundamentals of social security disability benefits in order to understand exactly what type of coverage should be obtained.Social Security Disability Benefits

Social Security Disability Benefits Basics

In addition to the famous retirement and survivor benefits, Social Security offers benefits for individuals with documented disabilities. The primary social security disability benefit is income coverage. This income is typically granted to those who are employed, and in many cases to self-employed individuals as well. It is important to note that the amount of disability benefits a person will receive depends on his or her insured status and the PIA (Primary Insurance Amount).  Therefore, a person must be fully insured to get social security disability benefits. Individuals should compare insurance quotes to help determine what type of plan they have

Social Security Disability Benefits – Fully Insured Status

The Security Security Administration (SSA) has declared that an individual must be “fully insured” in order to get income and social security disability benefits. Fully insured means that an individual has acquired what the SSA believes to be the adequate number of quarters of coverage. There are two ways a person can obtain the sufficient number of quarters of insurance coverage. The first option is to obtain 40 quarters of coverage. This roughly translates into 10 years of covered employment. Once an individual has 40 quarters of coverage, the SSA considers the person “fully insured” for life.  The second option is to obtain at least six quarters of coverage, plus as many quarters as there are years between age 21 and 61. Many individuals find it simpler to obtain the continuous coverage and compare quotes to understand what type of coverage they have.

Total Disability, Waiting Periods, and Exceptions

Regular disability benefits are typically found in individual and group plans. The classification of total disability, however, are more strict as these benefits are designed as income. A person can claim benefits for total disability if he or she cannot work in gainful employment as a result of the disability, with the said disability lasting at least a year or expecting to end in death. There are also other factors to consider when expecting to obtain social security disability benefits. Once a person is approved, the current waiting period is five months, with payment beginning the following month. It is also important to note if a person has disability benefits from a group plan, these may be reduced once a person starts receiving social security benefits. However, benefits from an individual policy do not apply to this rule and remain the same. It is helpful to compare personal insurance quotes if you wish to receive additional benefits from an individual plan.

Social security disability benefits can greatly benefit those who qualify. Typically, a person needs to ensure that they meet the qualifications of fully insured status prior to receiving benefits. In addition to social security benefits, many individuals may also benefit from individual plans that supplement income. It is helpful to compare health plans online to ensure getting the best coverage in the long term.

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