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On Long Term Disability what is meant by the four types of social security integration Ex Primary Full Family Backdoor?
In general: Primary - means that the disabled person's Social Security benefit reduces the amount of LTD paid. Typically, the reduction is dollar for dollar - every dollar of SS benefit reduces the LTD benefit by one dollar. Full - means that both the disabled person's Social Security benefit and any spouse/child Social Security benefits reduce the amount of LTD paid. Typically the reduction is dollar for dollar. Family - usually means the same as Full above. Backdoor - means that the LTD plan looks at three different calculations and pays the lesser of the three: 1. the benefit percentage (often 60%) of the disabled person's earnings, reduced by all of the reductions allowed by the plan EXCEPT for Family SS benefits; or 2. a higher benefit percentage (often 70%) of the disabled person's earnings, reduced by all of the reductions allowed by the plan, INCLUDING Family SS benefits; or 3. the maximum monthly benefit (whatever dollar limit or cap that is set by the plan). Please keep in mind that these are general definitions. Your plan could use different definitions or have unusual features that modify any of the above statements.
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for those who are unable to work due to health
Yes, if it is severe enough. Look at the listing of impairments on the social security website
If an individual goes off of Social Security Disability for a lengthy amount of time, a new Initial Claim would need to be filed in order to ask for the benefits again.
The length of time it takes to receive a decision on your disability claim is from three to five months. That is, if you receive a favorable decision. If not, you may have to …appeal for years; how many depends on the number of denials you receive. It can take up to six years or even longer. http://www.socialsecurityoffices.us/length-of-time-to-receive-approval-or-denial/
There is a very wide variety of "insurance" coverage from employers, public sources and private policies, and you should address your questions to the administrator of the ins…urance plan in order to get an accurate answer - but in general... Social Security Disability Benefits aren't a means tested program; eligibility doesn't depend on whether or not you have some other means of support. Most long term disability insurance is designed to replace your income in conjunction with Social Security disability benefit so that the sum of the two benefits enables you to continue in a lifestyle similar to the one you had before you became disabled.
Potentially, yes-it depends on your income level. The amount taxed could be very low. In general, up to 50 percent of your SSDI benefits may be taxed, which is determined by a…dding up one-half of your SSDI benefits plus all of your other income sources. For the 2012 tax year, taxes are owed on any amount above a base level of $32,000 for couples filing jointly and $25,000 for individuals. Additionally, SSA benefits can be taxed up to 85 percent if the total of one-half of your benefits and all your other income for the tax year is more than $34,000 if filing single or $44,000 if you are married filing jointly; or if you are married, filing separately and lived with your spouse at any time during the tax year.
Social security disability and social security benefits are the same thing and would be subject to income on your correctly completed 1040 income tax return When you have othe…r sources of world wide income. Generally, if Social Security benefits were your only income, your SSB benefits are not taxable and you probably do not need to file a federal income tax return. If you have any other sources of worldwide income and (tax exempt interest and exempt dividends) then it is possible for some of your SSB to become taxable income on your income tax return and then you would be required to file an income tax return.
Well first you need to apply for disability benefits with the Social Security Administration. You can apply at your local SSA office or by calling the 1-800 number.
If the child is collecting Social Security Disability from the disabled parent's benefit, he or she may generally collect it until the age of 18. However, under current law, i…f the child remains a full-time student, benefits can continue until age 19.
I would really like to find out when my benefits are affailable. Lawers tell me I have qualified but having difficulty finding out when will I reciecve monthly checks.
The state you live in will not impact your eligibility to receive Disability benefits from a Long-Term disability policy. Therefore, Yes you are able to collect Long-Term Disa…bility (LTD) benefits while receiving Social Security (SS) benefits. To be more specific though, whether or not you actually receive benefits from your LTD policy will have everything to do with the wording in the contract. If you have group coverage through work, then it is likely that any benefits you receive from Social Security will offset the benefits payable through your LTD plan dollar-for-dollar. In this situation, even though you are able to receive LTD from your company policy, you may not actually receive any from it if you are receiving Social Security benefits equivalent or higher than the monthly benefit it provides. The same consequences apply for Federal Government employees as through the FERS program. Additionally, if you own an individual policy that has Social Insurance offset benefits, then theses benefits will also be offset dollar-for-dollar. If you own an individual LTD policy that does not have Social Insurance benefits than you would be able to collect on Social Security benefits and 100% of the benefits provided through your LTD policy. This is actually one of the main reasons why individual LTD coverage is much better than group coverage.
SSDI or social security disability insurance is a paid into program. People receiving it must have worked 20 of the last 40 quarters (5 consecutive years) and are paid money e…ach month from what they put in as taxes. SSI or Supplimental Security Income is paid for by federal taxes.
In Federal Laws
it depends, there are some regions or countries that allow tax on your SSN, and some are don't include or don't get tax on it.... See below link: http://official-online-ss…n-card.org/
Disability benefits are through the Social Security Administration. You can contact their local office or visit their website.
Medicare Part A for long-term disability Medicare Part A which is "Hospital Insurance." It pays as primary insurance for the long-term disability. It helps pay fo…r inpatient hospital care, inpatient care in a skilled nurshing facility, home health care and hospice
There has never been an obsolete answer to this continuously asked question. But if you're permanently disable, then your benefits will not end. If you're about to become ful…ly retired, then you'll start to receive "Retirement Benefits" which doesn't change any of your income benefits. -Kanaan Yarahuan Source(s): - Google - Social Security paper work - My mother - My brother - 30 Minutes of research