Due to a growing number of Social Security Disability Claims being made each year, the system is slowly beginning to run out of money. This means that sooner or later, cuts are likely to be made to the already meager payments that beneficiaries receive.
This leaves many workers wondering what they can do to better protect themselves, as well as their income and lifestyle, in case they are permanently injured and are unable to return to work. One of the best options available is to purchase a disability insurance plan.
An article from USA Today discussed several different options that are available to workers who are interested in such policies. One of the options includes group disability plans, which are provided through an employer. Also available are individual disability plans and supplemental disability plans. The latter offers a combination of personal coverage that is partnered with Social Security Disability payments. The costs and benefits of each vary and it is suggested to research each option to determine what is best for each individual.
While purchasing insurance is a great way to protect one’s self in the event of a disabling accident, the Social Security Disability Lawyers with Fleschner, Stark, Tanoos & Newlin point out insurers often attempt to deny claims of injury. That’s why the firm says it is so important that an individual discuss their legal options with an attorney if they have been hurt on-the-job at no fault of their own.