How does Social Security Disability differ from private and employer sponsored disability plans?
As I explain more completely in the Disability Information section on this site, there are vast differences between Social Security disability and various private plans, and also between private plans. In essence, the hardest disability area to deal with is employer-sponsored disability plans, the type of private plan that most people have if they have a private plan at all. This is deceptive because often the employer-sponsored plan will put you on benefits right away and you will think you are in the clear. Then they will tell you to apply for Social Security disability. If you get Social Security disability, the private plan will be able to deduct your Social Security benefits from their payments. Your total amount will remain unchanged. Sounds good so far, right? Wrong! There is a hidden catch in most employer-sponsored plans. This is known as the “two-year rule.” Most of these types of plans change the definition of what they consider to be a “disability ” after two years. Up to t
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- How does Social Security Disability differ from private and employer sponsored disability plans?
