Belleville, Ill. (Vocus) October 26, 2010
During the third quarter of 2010, unemployment rates for people with disabilities climbed to their highest quarterly rate in a year and continued to outpace the unemployment rate for other workers, according to a quarterly study by Allsup, a nationwide provider of Social Security Disability Insurance (SSDI) representation and Medicare plan selection services.
The Allsup Disability Study: Income at Risk shows that for the third quarter of 2010, people with disabilities experienced an unemployment rate 67.7 percent higher than people with no disabilities. Specifically, the unemployment rate for the third quarter averaged 15.6 percent for people with disabilities, compared to 9.3 percent for people with no disabilities, according to non-seasonally adjusted data from the U.S. Bureau of Labor Statistics.
The Allsup Disability Study: Income at Risk also shows that during the third quarter of 2010, the number of people with disabilities unable to work and applying for SSDI climbed to 764,902, an increase of 4.3 percent compared to third quarter 2009. Year-to-date, more than 2.25 million people have filed disability claims. Nearly 1.8 million SSDI claims are pending with an average cumulative wait time of more than 850 days, based on Allsups analysis of the Social Security disability backlog.
The number of people filing for disability claims has doubled compared to 2001, said Paul Gada, personal financial planning director for the Allsup Disability Life Planning Center. Contributing factors include both the aging population and the high unemployment rate. Some people with disabilities are never able to return to work after a layoff.
According to Gada, people applying for SSDI need to understand the importance of acting quickly to secure benefits. Someone who is qualified needs to apply as soon as possible given the backlog and to ensure they meet certain qualification restrictions, Gada said. They also need to plan financially for what likely will be a significantly reduced income.
Understanding SSDI Benefits
People unable to work due to a severe disability need to understand the specific financial resources available to them — and their families — under the SSDI program. SSDI is a mandatory, tax-funded, federal insurance program designed to provide individuals with income if they are unable to work for 12 months or longer because of a severe disability, or if they have a terminal condition.
Individuals must have paid FICA taxes to be eligible. As a result, peoples SSDI benefits are calculated using their earnings history. Because someones work history varies depending on age and life experiences — benefits can vary widely by age and gender.
Allsup outlines the following considerations when planning for the financial future:
Regular monthly income: SSDI is a regular monthly payment and usually provides annual cost-of-living adjustment (COLA) increases (though none for 2010 or 2011).
In September, the average monthly benefit for a person qualifying for SSDI was approximately $ 1,066. But specific benefit amounts can vary greatly. For example, the average September monthly benefit for men was above average at $ 1,190, while womens monthly benefit was $ 929. Age also plays a significant factor as the chart shows below:
Age — Average Amount* (overall) — Average Amount* (male) — Average Amount* (female)
30 — $ 750 — $ 767 — $ 730
40 — $ 896 — $ 938 — $ 852
50 — $ 1,019 — $ 1,110 — $ 921
60 — $ 1,181 — $ 1,348 — $ 988
64 — $ 1,203 — $ 1,404 — $ 967
*Figures rounded to the nearest dollar.
Source: Social Security Administration, as of June 30, 2010
Spouse and dependent benefits: A spouse and dependents of someone receiving SSDI benefits also may be eligible for benefits. The average monthly benefit for a spouse in September was $ 287, with men receiving $ 239 on average, and women receiving $ 289 on average. To be eligible, the spouse (or former spouse if the marriage lasted at least 10 years) must have a child under age 16 or a child with disabilities, or be at least 62 years old. With regard to children, there are different categories of dependents and the payment amount varies. According to the SSA, the average September monthly benefit to a dependent child was $ 318.
Keep in mind that individuals can find an estimate of their benefits by examining their Social Security statement, which the Social Security Administration (SSA) mails out on an annual basis.
The SSA recently announced there will not be a COLA for a second consecutive year, so benefit amounts will continue to hold steady in 2011. There has been little fluctuation in the average monthly benefits since the start of 2009, Gada said.
In addition to monthly income and dependent benefits, SSDI also includes provisions for protecting future retirement benefits, the opportunity for extended COBRA benefits, eligibility for Medicare 24 months after a persons date of entitlement to SSDI cash benefits, as well as prescription drug coverage.
Its important that people apply as soon as they are eligible and make certain they are receiving all the benefits that apply in their circumstances, Gada emphasized.
If you have questions about SSDI eligibility for you or someone you know, please contact the Allsup Disability Evaluation Center at (800) 279-4357 for a free evaluation of your situation.
Allsup also provides free financial planning tools to help people better manage their finances while awaiting SSDI benefits at http://www.allsup.com/personal-finance . Medicare plan selection services also are available through the Allsup Medicare Advisor
Atlanta, GA (PRWEB) May 08, 2012
Atlanta Mazda dealership Jim Ellis Mazda of Atlanta will be participating in a Keeping Kids Safe Project day at the dealership located at 5855 Peachtree Industrial Boulevard in Atlanta, GA. The event will take place on Friday May 11th from 3pm-7pm and Saturday May 12th from 10am-4pm and is open to children of all ages.
The day will feature free F.B.I. quality digital fingerprinting for children, along with other activities such as an on-site cookout, prizes, giveaways, and kid’s activities including the presence of Dekalb Fire and Rescue staff and a firetruck for the children to explore.
“The focus of the day will be on keeping kid’s safe by offering their parents means to acquire their children’s digital fingerprints in the case of an emergency”, states Stacey Hodges, General Manager of Jim Ellis Mazda of Atlanta. “When the police have access to data such as fingerprints, photographs and statistical information, it drastically improves the recovery time of potentially locating your child should they go missing.”
S.I.P. Kids will be on hand to take photos and the digital fingerprints of the children in attendance using a digital inkless fingerprint capture device which can be included in a child’s file that is given to the parent which they can then provide to the authorities which can help to instantly aid in an investigation.
Jim Ellis Mazda of Atlanta is a local Mazda dealership established in 1983 that serves the Atlanta area carrying full lines of Mazda cars, trucks, and SUV’s as well as a large inventory of used vehicles. They also provide full service and repair on-site for all Mazda vehicles. You can view their website online at http://www.jimellismazdaatlanta.com to find out more about the Atlanta Mazda dealership, schedule repairs online, or acquire directions to the dealership.
The Keeping Kids Safe Project is a National Child Safety Program that tours the country providing FBI Quality Digital Fingerprints to families. They have a commitment to always keep the program focused on helping families and only work with local businesses and organizations that are looking to give back to their community. You can read more information on their national efforts to protect children across the country at http://www.keepingkidssafeproject.com/.