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
Philadelphia, PeA (PRWEB) May 13, 2011
Petplan, Americas top rated pet insurance company, today announced the promotion of Elyse Donnarumma to claims manager. With an accomplished background as a veterinary technician in New Jersey and Colorado, Ms. Donnarumma brings firsthand experience in the veterinary industry to her new position as claims manager. Since joining Petplan, Ms. Donnarumma has served as a licensed claims adjuster working in the service department to assist policyholders with claims inquires and to answer pet health related questions. She is responsible for implementing an innovative process to streamline claims fulfillment that has helped Petplan become an industry leader in the timely processing of customer claims.
We are proud to promote Elyse Donnarumma to the role of claims manager for Petplan as she has displayed a constant commitment to pet health and has a unique understanding of the business from her previous career as a veterinary technician, says Dr. Jules Benson, vice president of Veterinary Services at Petplan. In her new position, Elyse will build upon her exemplary record of customer service with our policy holders to communicate on a daily basis with the veterinary community regarding the impact and importance of pet insurance for their clients and staff.
Even as a child, Ms. Donnarumma had an incredible passion for pets and their well-being, which lead her to obtain an Applied Science Degree in Veterinary Technology. Graduating from the Bel-Rea Institute of Animal Technology, Ms. Donnarumma immediately entered the veterinary field and it was during her time working at an animal hospital and later at the Colorado Humane Society that she began to understand the importance of pet insurance in helping pet parents provide the best possible care to their beloved animals.
I loved my time as a veterinary technician as every day it gave me the opportunity to help pets in need. It also instilled in me an acute awareness of the need for pet insurance as I witnessed owners, who loved their pets, but often had difficulty paying for the medical care that comes from an unexpected pet health emergency, says Elyse. I know that with every pet insurance policy that Petplan issues, we are giving pet parents the wonderful peace of mind that they will be able to provide the best possible medical care for their pets while also protecting their budgets from expensive veterinary bills. It has been a truly rewarding experience.
Petplan prides itself on hiring personnel with extensive experience in the veterinary industry to better relate and communicate with both pet parents and veterinary professionals. This commitment to assembling a workforce with first-hand knowledge of the importance of proper pet health is at the core of Petplans service-oriented philosophy.
For more information about pet health insurance, please visit http://www.gopetplan.com.
As America’s top-rated pet insurance company, Petplan offers customizable policies to meet any coverage requirements and budget for pets of all/any age. Petplan is the only insurer to cover all hereditary and congenital conditions for the life of the pet without dollar limits per condition. For information, visit http://www.GoPetplan.com or call 1-866-467-3875.
(PRWEB UK) 18 March 2013
According to the Independent article two Crown Prosecution Service workers have admitted to making more than