Can you wait 0 days to replace (part of) your Paycheck?
Can you wait 0 days to replace (part of) your Paycheck? -The most recent government statistics (09) for the program (SSDI) Social Security Disability Insurance.
- disability benefits were paid to nearly 9 million people.
- average monthly benefit received was $ 1064.30.
- benefits were terminated for 630.074 disabilities.
- workers accounted for the largest share of disabled beneficiaries (87 percent).
- The average age of a beneficiary was about 53.
- men accounted for nearly 53% of the beneficiaries.
- a mental disorder was the diagnosis for about a third of the beneficiaries.
the National Security Council in 04, a disabling injury occurs every two seconds in America, and Health Affairs reported that illnesses and injuries cause unexpected failures 350,000 per year. According to the Health Insurance Association of America, one in seven workers will be disabled for five years or more during their time in the workforce, and in 05, half of the foreclosures were caused by a deficiency due an unexpected injury or illness.
Yes, SSDI is a great program, but if you become disabled, you qualify, and if so, how long will it take before you start receiving benefits? What will you do for income while you wait to see if you receive SSDI? How long can you go without a paycheck before experiencing financial problems?
May is Disability Insurance Awareness Month the time to protect your paycheck. You have insurance to protect your home, your car, your boat and your bike, but do you have insurance to protect your paycheck? Go to www.protectyourpaycheck.org for more.
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