Will Social Security cover my Disability?

01-09-2014Health Care

If you are wondering about the need for Long-Term Disability Insurance, but figure you are covered with Social Security. Be sure to consider:

  • 65% of initial SSDI claim applications were denied in 2012
  • To receive benefits, you must prove that your disability prevents you from working in any profession-not just your current profession.
  • The average Social Security Disability Insurance payment for disabled workers was only $1,130 per month in 2012.
  • SSDI only covers disabilities expected to last 12 months or longer or end in death.
  • Social Security Disability benefits are subject to federal income tax with the amount includable in income based on total amount of gross income (including tax exempt income).