EDUCATION

No. 2: SSDI unlocks other substantial financial benefits. Besides the financial benefits mentioned already, SSDI comes with Medicare health insurance, an option to extend COBRA coverage, as well as access to employment assistance through Ticket to Work.

No. 3: You can get savings on things you use every day like healthcare, prescriptions, food and utility bills. This type of assistance is vital for former workers who apply for disability benefits, in part because it can take s everal months for their claim to be reviewed and approved. When offered a choice of financial solutions, disability claimants reported these were the top types of assistance they wanted to use: utility bill assistance, rent and mortgage assistance, and health care assistancewhich includes help with prescription costs, medical bills and access to health insurance.

No. 4: Get SSDI and get out of debt. If you haven’t explored your options, take a closer look at debt reduction in the course of applying for SSDI benefits as well. Specific services will help you to deal with medical debt and credit card debt, often settling the debt for a fraction of what you owe.

The types of financial issues former workers experience after a disability can be incredibly stressful and distressing. And with inflation at its highest since 1982 and the Federal Reserve raising interest rates, you