Tag: disabled worker insurance

Disability insurance payments paid by SSA to ineligible recipients

G. Turner
Disability Insurance News

These individuals have received $1.3 billion which they were not entitled to obtain and the SSA hopes to recoup some. Estimates released from the Government Accountability Office (GAO) has shown that the Social Security Administration (SSA) has issued approximately $1.3 billion in disability insurance payments to individuals who were not eligible to receive them. This figure was calculated based on an analysis of SSA data for beneficiaries from December 2010 to January 2013. The analysis was conducted on the SSA data regarding the individuals who were recipients of disability insurance…

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Disability insurance covers three quarters of U.S. workers through social security

Julie Campbell
Disability Insurance benefits US workers

According to the latest report, 76 percent of American employees have this coverage. The latest report that has been issued by Allsup has revealed that approximately three in every four workers in the United States, or 76 percent, had coverage through Social Security disability insurance benefits in 2012. This helps to underscore the importance of building an understanding of the role of work history. Last year, among workers between the ages of 20 years and full retirement, there were approximately 195.1 million workers who made up the American workforce as…

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Workers compensation facing reforms in Tennessee

H. Cutner
workers compensation

 The state’s Capitol Hill has placed the coverage overhaul at the top of their list. Tennessee’s workers compensation system is facing some changes as reforms to legislation in the state are made in order to make job creation more attractive, but while still protecting employees who are injured while on the job. House Bill 194 is aimed at reducing business costs while making several coverage improvements. The goal of H.B. 194 is to make workers compensation more affordable to businesses, while it boosts the predictability of the coverage, betters the…

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Disability insurance struggles arising from application increase

H. Cutner
Disability Insurance

As a growing number of Americans seek assistance, the program is facing serious challenges. It is now being estimated that the Social Security Administration’s funds to cover the costs of disability insurance will have been entirely spent in four years’ time. This will mean that the benefits will shrink for over 9 million disabled workers and their families. Income taxes will be providing enough money for only 79 percent of the disability insurance benefit, which will mean that – assuming the same number of individuals remain covered by the program…

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