Why You Want Social Security Disability Insurance (SSDI) Benefits in Virginia
Chances are good that you’re reading this article because you’ve either applied for SSDI benefits, are thinking of applying for SSDI benefits, or had your initial application for disability insurance benefits or reconsideration appeal denied. You’ve probably seen how much work getting approved for SSDI benefits can be or how many applications for benefits are denied. And you may be wondering if it’s worth it to start fighting or keep fighting.
This article explains why you want to fight for SSDI benefits. Read through the list below, then contact disability lawyer Richmond and Virginia Beach SSD attorney for a free consultation. We’ll explain how we’ve helped thousands of disabled adults like you get the benefits they deserve – and how we can assist you throughout the process.
The Benefits of Receiving SSDI in Virginia
The Social Security Administration (SSA) will send you a monthly payment when you qualify for SSDI benefits. The amount of this payment is based on how much money you made while working and paying into the Social Security system through payroll taxes. These benefits may be tax free.
You can use your monthly SSDI payment to pay for food, shelter, clothing, entertainment, and any other living expenses. It is your money.
This monthly disability payment can provide you and your family with financial security and serve as the backbone of your future plans.
Cost of Living Adjustment (COLA)
Each year the SSA will make a cost of living adjustment to your monthly income benefit. This increase protects your benefits against inflation. The amount of the adjustment will change from year to year based on other economic factors, but it is usually from 0 percent to 4 percent.
Lump Sum Payment
By the time you get approved for Social Security Disability Insurance (SSDI) benefits, you may have gone months or even years without income. Depending on the date you’re found disabled (also called your established onset date) and at which stage of the process you get approved for benefits, you may be entitled to a substantial amount of back pay.
Dependent Benefits, also called Auxiliary Benefits
You may receive additional monthly income through the SSDI program if you have family members who depend on you, such as a spouse or a child under the age of 18. This additional income can help relieve financial stress.
Protected Retirement Benefits at a Higher Rate
When you reach retirement age your SSDI benefit will end and you will start to receive regular Social Security retirement benefits. By applying for and obtaining SSDI benefits you freeze your primary insurance amount, which is the calculation that determines the amount of your monthly benefit payment. Because the years in which you receive SSDI benefits are not counted against your earnings record, your Social Security retirement benefits may be higher than they otherwise would have been because many people start to work less as they get closer to retirement age, which reduces their earnings.
You will become eligible for Medicare Part A (hospital benefits) and Medicare Part B (other medical benefits) 24 months after the date you become entitled to SSDI benefits. For many of you this may be the first time in years that you have medical coverage that allows you to choose the health care providers you treat with and to receive the specialized care you need for your physical and mental health impairments.
Prescription Drug Coverage
You will also become eligible for Medicare Part D 24 months after the date you become entitled to SSDI benefits. Medicare Part D helps pay for prescription drugs that you may need to treat your medical conditions and control your symptoms so that you have a better quality of life.
Extended COBRA Benefits
Many of you had health care coverage through an employer in the past. When you could no longer work because of your disability your coverage may have ended around the same time as your job. You then had the option of keeping health care coverage through COBRA for a limited period of time and at a high cost. If you get approved for SSDI benefits you can extend your COBRA benefits an additional 11 months, which should help you keep coverage until you become Medicare eligible.
Long Term Disability Benefits
Many long term disability insurance (LTD) policies require you to file an application for SSDI to keep your LTD benefits. If you refuse to file for SSDI then you may lose your LTD benefits. So by going after SSDI you are protecting your finances. Long term disability lawyer Corey Pollard can help you navigate the two systems at the same time.
Increased Chance of a Workers Compensation Settlement
A severe work-related injury can affect your ability to return to work. If this describes your situation you should consider applying for SSDI benefits. When the workers compensation insurance carrier finds out that you’re applying for SSDI benefits it may be more likely to offer a fair workers compensation settlement. Further, a workers comp settlement that is structured properly can reduce any offset in SSDI benefits and increase the total amount of compensation you get in your pocket.
Opportunities to Return to Light Duty Work
When you receive SSDI benefits the SSA will provide you with opportunities to try to return to work at a reduced capacity while still paying you monthly disability insurance benefits. You don’t have to worry about losing your SSDI benefits unless you return to work for an extended period making above the substantial gainful activity (SGA) level.
A Virginia SSDI Lawyer You Can Count On
Still not sure whether you should file for SSDI benefits or appeal a denial? Contact us today for a free, no obligation consultation. We help disabled adults and children in Virginia, North Carolina, DC, Maryland, and Pennsylvania get the Social Security benefits they deserve. And we want to help you.