Ssdi And Long Term Disability Insurance

[Mikemmlj]

Can I collect SSDI and my long term disability insurance??? Or does the LTD insurance count as income??

[Philip Rogers]

It'll depend on your policy. It isn't considered "earned income" and should have no effect on other disability payments. Most long term policies require that you apply for SSDI, within a couple of yrs (usually 2yrs) and they will even help you get SSDI and once you have SSDI, they reduce the long term payment or completely cancel it. Check your policy to be sure.

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[Pete53]

Many Insurance guarantee an income that is more than you will get from Social Security. After a couple of years they will require to a[[l;y for SSD and if you get it they will only pay the difference.

Good Luck

PS If you get the SSD they don't make you pay anything back

[Mikemmlj]

For mental health my plan pays 800/month for two years

[Navy04]

Great Advice Philip!!!

[Rick A]

When I applied to SSDI I reported the income I was getting from my LTD insurance. It wasn't a hinderance to getting SSDI approved. However, some LTD Insurance Companies consider SSDI an "offset" to their coverage. What this meant to me, is once I was approved and recieved a retro check from SSDI, I had to pay the entire amount back to the LTD carrier.

[ctbenja1015]

_{If you pay for LTD with pre-tax money it will be taxable income, if you pay after taxes are taken out it is considered non taxable. My wife has been on LTD since 6/2013, was turned down on first application and is appealing the decision now.}

[jbasser]

Answer: SSDI is not offset by LTD if you paid the LTD premuims. If emloyer paid the premiums then yes, it does offset.

Erisa is such a joke.

J

[Chuck75]

Short and long term disability insurance can get interesting as to who pays what, is reimbursed, etc.

In the past I worked for a large aerospace company that had a flexable policy as to how an employee might be paid

during serious medical treatment, and resulting sick leave. The written policy set a limit, but also had an at discretion

clause. Basically, I was out due to open heart surgery, etc. The company elected to pay my full salary and

benefits for the entire period. (benefits included certain non taxable payments as well as traditional benefits)

I ended up having to sign over any short term and long term disabilty checks to the company.