Friday, May 22, 2020

Policy Impact Paper †Social Security Disability Insurance...

What action do you or your family take if for some unfortunate reason you become injured, or come down with a serious illness and are unable to work? Because of your injuries or illness and the inability to work your financial resources are steadily being depleted due to your doctor bills, hospital bills, and plain old living expenses incurred by you and your family. Not to mention, you or your family possible have no one else you can turn to for assist to help you through your difficult times, and not even your employer has the capability to assist you. Where do you turn? Who can or what if anything is out there for you to get assistance? Something you can do in the interim is going to your nearest Social Security Agency and file for†¦show more content†¦Secondly, to be eligible for SSDI, as previously mentioned, you must be disabled and you must be unable to engage in substantial gainful activity for 12 months and have earned sufficient credits based on taxable work t o be insured for Social Security purposes. Credits are earned by the number of years you work and you can earn up to a maximum of four work credits each year. A credit sometimes referred to as a â€Å"quarter of coverage† (the legal term) is the measure of a persons work under the Social Security program. Your total covered yearly earnings are used to figure Social Security credits for both wages and net earnings from self-employment. The amount needed for a credit increases automatically each year that average wages increase. For this year, 2011, you usually receive one credit for each $1,120 or your earnings and generally 40 credits are needed to be eligible for benefits. There is no minimum age as long as you meet the very strict Social Security definition of disability; however, to qualify for disability benefits you must have worked long and recently enough under Social Security to earn the required number of work credits. Furthermore, worse case situation you hap pen to die and certain members of your family may be eligible for survivors benefits if you had worked, paid Social Security taxes, and earned enough credits. At the time of your death, the number of creditsShow MoreRelatedPresident Franklin Delano Roosevelt And Social Security1152 Words   |  5 PagesPresident Franklin Delano Roosevelt signed the Social Security Act in August of 1935 to combat high unemployment and poverty, especially among the elderly. In the process, he laid the foundation for a modern safety net. 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