More than 100 million working Americans have no disability coverage other than Social Security Disability Insurance (SSDI). Millennials – now the largest part of the workforce – may be most at risk. Millennials are least likely to have disability coverage offered through their employers or private insurance providers, and most don’t understand long-term disability insurance.
However, one in four 20-year-olds will become disabled before they retire, as noted by the Council for Disability Awareness. This is a reality many boomers are experiencing firsthand. Nearly 75 percent of all individuals receiving SSDI benefits today are between the ages of 50 and full retirement age, according to the Social Security Administration.
Yet, SSDI remains difficult to obtain, and it should. Why? It is there for those who need it the most, those who are truly disabled and no longer able to work or care for their families. Making the process hard for everybody limits those who want to take advantage of the system but hurts those who really need it.
That is where DAS comes in. You are providing your employees/subscribers access to a long-term disability alternative that includes healthcare without having to go it alone with the government or worse yet, using attorneys that get paid based on how long the case takes.
Think about that the next time you are evaluating insurance protection!
For more info visit: www.pegbenefits.com.