Tag: social security disability insurance

US Senate passes bill to ease access to disability benefits for ALS patients

Logan B.
Disability benefits for ALS - man in wheel chair

This could make it easier for people with amyotrophic lateral sclerosis to use the coverage. The United States Senate recently passed a bill with the potential to make it easier for disability benefits for ALS patients to become accessible. The proposed legislation is called the ALS Disability Insurance Access Act of 2019. The U.S. House of Representatives must still approve the ALS Disability Insurance Access Act of 2019 in order for it to move forward. That said, if the bill is enacted, it would take away the current mandatory five-month…

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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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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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Disability insurance is among the most underestimated forms of protection

cancer insurance coverage MRI

This coverage, as well as critical illness insurance provide greater benefits than people realize. One of the most overlooked and misunderstood forms of coverage that is currently available in the industry is disability insurance. The topic of being too sick or injured to work is an uncomfortable one for many people, and is one that they would prefer to pretend will not happen than to take the time to create a preparedness plan. However, all too many people are finding themselves in a situation where they could have used this…

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The uncontrolled growth of disability insurance

Disability Insurance

An update from the Medicare and Social Security trustees has shown that the cost of disability insurance is skyrocketing. The annual report published by the Social Security and Medicare trustees has shown that yet again, among all of the partisan disagreements, a critically important issue has failed to receive its due attention: the rapidly increasing cost of disability insurance. This coverage accounts for almost one out of every five dollars that Social Security spends, and the numbers are rising to a point that is simply out of control. Many are…

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