If you have a serious illness or injury, you may face some uncertainty about your diagnosis and the recovery process. You may also worry about not having the financial means to support yourself and your family members. Fortunately, Social Security Disability benefits may help to put your mind at ease.
Applying for SSD benefits can be a long and complicated process. If you are not able to secure approval with your initial application, you may also have to file an appeal. Eventually, though, if you qualify for benefits, you receive a letter that gives you important information.
Your medical condition
Your approval letter is likely to describe the medical condition that is the basis for your SSD benefits. This is important, especially if you were seeking approval based on more than one illness or injury. Furthermore, the condition section of your letter lets you know how often you can expect the Social Security Administration to reevaluate your eligibility for disability benefits.
Monthly payment amounts
You should read through your approval letter carefully to know how much you will receive from the SSA. The letter is also likely to describe when your payments will arrive each month. A packet enclosed with the letter gives you the option of setting up direct deposits into a bank account. You can also choose to receive your benefits through a debit card. Otherwise, the SSA is apt to mail you a paper check on your payment date each month.
Finally, your approval letter should give you important details about health insurance. For example, you may eventually become eligible for Medicare. You may also qualify for other types of insurance coverage, such as COBRA.
After securing approval of your SSD request, you must work diligently to understand both restrictions and benefits. You should also keep all copies of SSA correspondence for future reference. Nonetheless, by understanding what to expect with your approval letter, you can better plan for your financial future.