There are some annual traditions around this time of year worth noting: North Carolina State’s football season is well underway and basketball season is not far off. The World Series is approaching and the state fair is just around the corner.
Raleigh weather can be a real pain. Hot and humid days fill our summers and we’re not immune from healthy doses of rain and even the occasional city-stopping snowfall. While our unpredictable weather can snarl rush hour traffic or put crimps in the weekend plans of families, weather can have much more ominous meaning to those with disabilities.
The rules, regulations and laws that govern Social Security benefits for disability and retirement are complex and often confusing. That’s why we’re going to devote this post in our Raleigh blog to the intersection of SSD and retirement benefits.
The Social Security administration (SSA) advises people who can no longer work due to injury or illness to apply for Social Security Disability (SSD) benefits as soon as they become disabled. While the advice is sound, it should be noted that the SSA also wants you to bring with you to the Raleigh office when you apply for SSD benefits a raft of information that most people simply do not have in their possession.
We have written in the past in this space about wait times involved in filing Social Security Disability Insurance (SSDI) claims. In Raleigh, the wait for a hearing on your claim averages about 15 months.
Imagine that you are in such a dire medical condition that doctors said you would not live much longer. And imagine further your elation when those same doctors came back to you and said they had revised their estimate of your life expectancy upwards by 20 years.
While most Raleigh workers have access in one form or another to disability insurance, most don’t know much about the insurance that protects them in the event of injury or illness. According to one study, only 38 percent of workers are knowledgeable about disability insurance.
Look down your Raleigh street at your neighbors. None of them want to one day be disabled, but the reality for millions of Americans each year is that either illness or injury will prevent them from working.
As a working adult, you have paid into Social Security for most of your life. The point of Social Security is included in its name. It provides some form of financial security and stability for individuals who can no longer generate income on their own. Whether someone has a need due to injury or age, these benefits help people maintain independence.
David Bridgman joins O'Malley Tunstall