Combination Disability Coverage
If you suffer a debilitating illness or injury, it can make you unable to work and earn the money that you need for food, housing, health costs, and other expenses. This can make a difficult time in your life even worse. Thankfully, however, insurance companies and the government both offer different disability coverage programs which you can choose to utilize in different ways.
Sometimes, it can be confusing to apply for the coverage that you deserve. However, the experienced Indiana long-term disability attorneys from Hankey Law Office, can help. For more information regarding Social Security coverage and other types of long-term disability, contact Hankey Law Office, today at (800) 520-3633.
What Coverage Should You Use?
First, it is important to understand the different sources of disability payments. You can receive disability coverage through a private insurance provider, a state program, and other job-related options, and you can also apply to receive disability through your Social Security benefits. You can receive both types (private and public coverage) at once, but receiving private benefits can reduce your amount of coverage through Social Security.
The 80% Rule
If you choose to receive disability payments through both the Social Security Administration and another source, the federal government has an 80% rule regarding the total amount of coverage that you can receive. The amount from Social Security combined with the other provider’s amount may not exceed 80% of your earnings before the illness or injury.
In some cases, it is better for a person to apply solely for one type of coverage or the other, and in other cases, you may decide to receive both. This can be difficult to determine. Fortunately, a knowledgeable long-term disability lawyer can help. To discuss your situation in more detail, contact a qualified Indiana long-term disability lawyer from Hankey Law Office, at (800) 520-3633 today.