Do I need to apply for Social Security Disability Income (SSDI) Benefits?
Principal does not automatically require you to apply for SSDI. You will be required in the application process to sign an agreement to apply for SSDI when Principal requests it, however. Principal will reduce its payment to you by the Social Security Disability Income payment. In most cases SSDI is not taxable. Medicare will become available to you two years after your SSDI approval date.
Related Questions
- If I am approved for State Disability Income (SDI) or Social Security Disability Income (SSDI) benefits, am I automatically entitled to disability benefits under my private disability plan?
- What is the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits?
- Do I need to apply for Social Security Disability Income (SSDI) Benefits?
