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Posted by Robin on May 15, 2015

Financial Options for Individuals with Disabilities

Any accident can be an extremely traumatic experience, and the devastating consequences left in its way can cause profound effects on a person’s life. This is especially true for accidents resulting in injuries that end with some form of disability. A disability can cause difficulty in a person’s ability to earn meaningful income and support themselves and their family. Thankfully, the government has several safety nets in place to ensure that a person’s medical condition does not weigh down their quality of life.

Individuals suffering from disabilities can receive financial assistance through two distinct Social Security disability benefits programs. The first option is called Social Security Disability Insurance or SSDI. It is available for insured Social Security members aged 65 and below who have been employed long enough to make necessary payments and contributions. The second option is called Supplemental Security Income (SSI), which is composed by payments from the U.S. Treasury. These are for disabled individuals not more than 65 years of age and are unable to meet the necessary employment criteria for SSDI benefits. The claimant should also fall within an income bracket called the federal benefit rate, showing that their current finances are not enough to cover basic necessities.

In both cases, the amount paid to qualified beneficiaries will depend on the nature and severity of their disability. Because the process of claiming either benefit program can often be complicated, it’s important that claimants find necessary guidance and support through effective legal counsel. This is especially true for dependents left by workers who died in fatal accidents that are entitled to SSDI payments. Applying for disabled widow or widower benefits can be twice as challenging and would often require experienced assistance to ensure success.

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