Re: Long-term disability

[Gail Vass <wbanks@xxxxxxxxx>]

Add to what Greg wrote a little *stinger* to LTD  that will getcha' ....

As your SSDI is increased annually a few "cost of living" percents, your
LTD is reduced that same amount.

In practical terms:

If you are young when you become totally disabled, poverty
is permanently fixed into your life. As your disability increases,
your income [in effect] decreases yearly...here's how.

In numerical terms:

If your disability income  [let's pick an easy number to work with]
is figured at a base of $2,000 and you receive
$900 from SSDI, your LTD will be $1100 [ $900 + 1100 = $2000]
  the next year SSDI   $950 ... LTD will be $1050 = $2000
  the next year SSDI $1000  ...LTD will be $1000  = $2000
  the next year SSDI $1050  ...LTD will be $950  = $2000
  the next year SSDI $1100  ...LTD will be $900  = $2000
  the next year SSDI $1150  ...LTD will be $850 = $2000
  the next year SSDI $1200 ... LTD will be $800 = $2000

Your "income" remains at $2000 EVERY year until the LTD terminates
which could be 62 years old or 65 years old....that's the *sting*....
just something of which to be aware.

Gail

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