People in Chicago likely begin their day and take for granted that they are able to get out of bed, travel to work and complete the daily tasks that they are required to complete in their job. In an instant, an illness or injury can leave a person disabled and unable to work again.
Currently, about 8.5 million Americans rely on Social Security disability benefits. However, it can often be a long road before a person is approved. Even when they are approved, the average monthly payment of $1,072 may not be enough. It is for that reason why it is important for people, especially those who have been diagnosed with a potentially debilitating illness, to have money in savings in case they find themselves unable to work.
The appeals process alone can take more than two years if a person is initially denied SSDI benefits. A recent poll found that those who are waiting to be approved for disability benefits often run out of money and are forced to turn to family and friends for support. If family and friends are not able to offer financial help people may be forced to take money from their retirement accounts or sell their belongings.
Although the process to begin receiving disability benefits may not be an easy one, it can be hugely beneficial once a person is approved. The monthly benefits may provide an individual with enough money to live a normal life.
In order to make the process go as smooth as possible it is often wise to consult with an experienced attorney. An attorney will work hard to help an individual receive the benefits they are entitled to in a timely manner.
Source: MarketWatch, “Financial Steps Everyone Needs to know to Prepare for a Disability,” April 4, 2012