As some of our readers can attest, some disabilities can be more financially draining than others. From numerous visits with doctors to expensive treatments, all of these costs can add up quickly. But in many cases, disabling conditions can force a person out of work, limiting their funds even further and creating a challenging financial situation.
Some illnesses and medical conditions are well understood and relatively identifiable. While misdiagnoses are possible with most conditions, they are less likely for those conditions that have clear symptoms and definitive tests.
Applying for Social Security Disability Insurance (SSD) can be complex. If you have do not have a neatly defined disease that clearly has left you disabled in a manner that fits within the Social Security Administration's (SSA) statutory definition, you must demonstrate by medical evidence that you are unable to engage in substantial gainful activity.
Concerns over the Social Security Disability Insurance (SSDI) are real. The trust fund that provides a portion of the payments made to millions of disabled workers is expected to be exhausted within the next year or two. This would have dire consequences for beneficiaries, as they could see their SSD payments cut by about 20 percent.
Social Security disability benefits can help disability sufferers through some very difficult times. The income loss coming from no longer being able to work because of a disability can throw a person into financial chaos. SSD benefits can sometimes help disability sufferers with stabilizing their financial situation and covering critical expenses.