|By Marketwired .||
|January 29, 2014 06:00 AM EST||
BELLEVILLE, IL -- (Marketwired) -- 01/29/14 -- The fourth-quarter unemployment rate for people with disabilities was lower compared to the rest of 2013, but still remains significantly higher compared to people without disabilities. Applications for Social Security Disability Insurance (SSDI) benefits, however, dropped to the lowest quarterly level in five years, according to a study by Allsup, a nationwide provider of Social Security Disability Insurance representation, veterans disability appeal and Medicare plan selection services.
The Allsup Disability Study: Income at Risk report shows an ongoing, nationwide trend of fewer applications for SSDI benefits. But the unemployment rate for people with disabilities remained significant -- 89 percent higher than for people with no disabilities during the fourth quarter of 2013. The full report is available at http://www.allsup.com/media/files/allsup-study-income-at-risk-q4-13.pdf.
The quarterly unemployment rate was 12.3 percent for people with disabilities compared to 6.5 percent for workers without disabilities for the fourth quarter of 2013, according to non-seasonally adjusted data from the U.S. Bureau of Labor Statistics (BLS).
"Employment opportunities for people with disabilities is an important issue as the economy continues to gain ground from the recession of a few years ago," said Tricia Blazier, personal financial planning manager for Allsup. "It's evident that challenges remain for those with disabilities to find stable, long-term employment."
However, despite high unemployment, SSDI applications declined by 6.4 percent in 2013 compared to the previous year. For five consecutive quarters, SSDI applications have remained below 700,000 per quarter.
"Still, hundreds of thousands of individuals are likely to experience severe, long-term injuries and illnesses in 2014 that will make it impossible for them to work and lead them to apply for SSDI benefits," Blazier said.
Social Security Disability Insurance is a federally mandated insurance program that provides monthly benefits to individuals who are under full retirement age (65-67) and who can no longer work because of a severe, long-term or terminal disability. FICA payroll taxes paid by workers and their employers fund the program, which is administered by the Social Security Administration.
"Workers are required to pay for this program through FICA taxes while working, and they have the right to seek these benefits when a severe disability halts their career for the long term," Blazier added.
Why Apply for SSDI Benefits
There are a number of criteria required to qualify for SSDI benefits. One is that the applicant must not be able to perform substantial gainful activity (SGA) for 12 months or longer because of a severe disability. In 2014, Social Security defines SGA as earning $1,070 or more per month, or $1,800 or more per month if blind.
Individuals need to understand provisions of the SSDI program that may help them financially, especially if they will be out of the workforce for several years during treatment or rehabilitation. Among these are:
- Regular monthly income. SSDI provides monthly benefits and typically includes a cost-of-living adjustment. The estimated average monthly SSDI benefit for a recipient with no dependents is $1,148 in 2014.
- Medical and prescription drug benefits. No matter someone's age, 24 months after someone begins receiving SSDI cash benefits, he or she is eligible to enroll in Medicare. Click here to learn more about enrolling in a Medicare plan.
- COBRA extension. Healthcare is a critical need for many individuals with disabilities, and those who receive SSDI benefits may be able to extend their COBRA benefits an additional 11 months.
- Protect Social Security retirement benefits. SSDI benefits end at retirement age, when recipients transition to Social Security retirement benefits. By receiving SSDI, Social Security "freezes" the individual's earning records so that years of zero income will not count against the person when calculating their retirement benefit.
- Dependent benefits. Dependents under age 18 of those receiving Social Security disability benefits may be eligible for benefits, typically amounting to half of the adult's monthly benefit. The estimated average monthly SSDI benefit for a recipient with dependents is $1,943 in 2014.
- Long-term disability (LTD) benefits. Individuals can protect their ability to continue receiving LTD benefits by applying for SSDI benefits. Most LTD policies are designed to coordinate with the Social Security Disability Insurance program.
- Return-to-work incentives. Individuals who are able to recover or improve from their severe impairment, through activities such as rehabilitation, can receive a number of incentives in order to return to work. The benefits include returning to financial independence through their own earnings, as well as prolonged eligibility for Medicare coverage.
Find more about why someone should apply for Social Security disability benefits on Allsup.com.
To answer questions about eligibility for SSDI benefits, contact an Allsup SSDI specialist for a free evaluation at (800) 678-3276.
Allsup is a nationwide provider of Social Security disability, veterans disability appeal, Medicare and Medicare Secondary Payer compliance services for individuals, employers and insurance carriers. Allsup professionals deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. Founded in 1984, the company is based in Belleville, Ill., near St. Louis. Visit http://www.Allsup.com or connect with Allsup at http://www.facebook.com/allsupinc.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 21, 2016 10:50 AM EDT
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Oct. 21, 2016 10:45 AM EDT Reads: 1,631
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 10:30 AM EDT Reads: 497
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 21, 2016 10:30 AM EDT Reads: 1,215
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
Oct. 21, 2016 10:15 AM EDT Reads: 1,367
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
Oct. 21, 2016 09:30 AM EDT Reads: 1,122
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Oct. 21, 2016 09:30 AM EDT Reads: 408
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
Oct. 21, 2016 09:15 AM EDT Reads: 212
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Oct. 21, 2016 08:45 AM EDT Reads: 1,359
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 21, 2016 08:45 AM EDT Reads: 11,114
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Oct. 21, 2016 08:15 AM EDT Reads: 1,834
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
Oct. 21, 2016 08:00 AM EDT Reads: 5,571
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 21, 2016 07:45 AM EDT Reads: 3,728
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Oct. 21, 2016 07:45 AM EDT Reads: 2,054
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Oct. 21, 2016 07:30 AM EDT Reads: 2,018