Advantages of Receiving SSDI Benefits
Doherty, Cella, Keane LLP ensures every claimant understands the benefits of applying for SSDI.
Social Security Disability Insurance helps Claimants Get the Benefits They Deserve
Social Security Disability provides monthly cash benefits to you and to eligible dependents.
You are entitled to Medicare coverage 24 months after entitlement to Social Security disability. If an individual has End Stage Renal Disease or ALS, Medicare coverage can begin within 3 months of entitlement. This includes Part A hospital insurance, Part B doctors’ insurance and Part D prescription drug coverage.
Cost of Living Increases
Every year Social Security increases your benefit amount based upon an annual Cost of Living increase. This means annually you will receive a higher monthly cash benefit. If you receive long-term disability benefits, these increases are not typically offset from your long-term disability benefit resulting in more money in a higher monthly benefit.
Higher Social Security Retirement Benefits
For every year that you are unable to work and that you do not collect Social Security disability, zero earnings are factored into your Social Security earnings record. This can substantially lower your future Social Security retirement benefit. Entitlement to Social Security disability benefits will “freeze” your earning record and exclude those non-working years so you can receive a higher Social Security retirement benefit.
We encourage you to consult a tax specialist or qualified accountant regarding the implications of receipt of Social Security disability benefits. However, the majority of Social Security recipients receive their benefits tax free. If you are currently paying taxes on your long-term disability benefits you may realize a tax savings.