Why You Should Take Advantage of SSDI Benefits

iv id="body">are eligible for Medicare Part D, or prescription
Social Security Disability Insurance, or SSDI, is adrug coverage.
federal insurance program funded by payrollIf you qualify, the length of your COBRA benefits
taxes. This program is designed to provide peoplealso may be extended. COBRA allows you and
who cannot work due to a severe disability withyour dependents to keep your workplace's group
income until their condition improves or indefinitelyhealth plan for 18 months after your employment
if the condition does not improve.ends, but recipients may receive coverage for an
Many people are unaware of the advantages.additional 11 months.
These benefits include regular monthly income,Long-Term Disability (LTD) Coverage
Medicare eligibility including access to medical andIf you already have private long-term disability
prescription drug coverage, possible COBRAinsurance, your insurance provider often will
extension, protected retirement benefits,require you to obtain SSDI. This will help protect
dependent coverage, and return-to-workyour ability to receive long-term disability income.
incentives. With these SSDI benefits, those whoAdditional Advantages
are unable to work can rest a little easier knowingYou also get protected retirement benefits,
that they'll be receiving disability insurance to helpdependent benefits, and return-to-work incentives.
cover their living and medical expenses. If youAs for protected retirement benefits - when you
have a severe disability and are unable to work,reach your full retirement age, which is between
read on to find out more about this insurance and65 and 67, coverage ends and those receiving it
the many advantages that can come as a resulttransition to receiving Social Security retirement
of qualifying for the program.benefits. Disability entitlement "freezes" Social
Monthly IncomeSecurity earnings records while you receive SSDI.
One of the biggest advantages is that those whoThis means that the years in which you collect
are qualified receive a regular monthly income thatdisability benefits are not counted when calculating
has annual cost-of-living increases. Additionally, afuture benefits. In essence, your retirement
portion of these benefits may be tax-free.benefits may be higher than if your earnings were
Medical And Prescription Drug Coverageaveraged over a greater number of years.
There are many medical benefits that come withWhen it comes to dependent benefits, those
qualifying for Social Security Disability Insurance.eligible for benefits may be able to extend
No matter how old you are, 24 months after youcoverage to their children. If you're receiving SSDI
begin receiving cash benefits, you become eligibleand you have a dependent under age 18, he or
for Medicare, which includes both Medicare Partsshe may be able to receive benefits. Additionally,
A and B.for those who may be able to go back to work,
Medicare Part A is hospital insurance, which coversSocial Security provides an incentive to return to
hospitalization, home health care, limited skilledwork. By offering you opportunities to return to
nursing facility care and hospice care. Medicarework while still receiving disability, you can receive
Part B is medical insurance, which includes benefitsthe money you need while easing back into the
such as doctors' services, outpatient services,working world and getting on your feet again.
clinical laboratory services and more.There are many advantages to qualifying for
Additionally, a variety of Medicare AdvantageSocial Security Disability Insurance. If you have a
Plans are available. These plans may offerdisability that prevents you from working, speak
additional benefits and prescription drug coveragewith a professional representative about receiving
as well. Once you're entitled to Medicare, you alsoa free evaluation to determine if you qualify.