For 11 years Spencer Bishins worked as an Attorney Advisor for the Social Security Administration. He's now the author of Social Security Disability Revealed: Why it's so Hard to Access Benefits and What You Can Do About It. On this episode of CFO at Home, Spencer and Vince discuss his book, some of the basics of how the Social Security Disability program works, and more.
Key Takeaways
- The Social Security Disability Program is split into two programs
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- Social Security Disability Insurance (SSDI)
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- Earned Benefit
- Form of Insurance
- Paid from the same fund as Social Security retirement benefits (OSDI); which also funds Survivor's benefit to minors
- Requires work history that passes the (recency) test
- Workers Comp/Private/VA benefits are based on an individual's ability to perform a certain job; Social Security Disability eligibility is based on your ability to perform any job. This creates a fairly high bar of proof to qualify
- Supplemental Security Income (SSI)
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- Available to some who don't have the earned credits for SSDI
- Qualification subject to income limits
Resources
Ways to connect/follow
Contact the Host - vince@thecfoathome.com
