What Is a Social Security Offset?
Most ERISA LTD group policies actually require that you apply for SSDI benefits. If you win your SSDI claim, the insurer will likely reduce the amount of benefits that it pays to you. Though it is not fair, generally, insurers are allowed to do this.
Be aware of potential double offsets. Sometimes, individuals are covered under two or more LTD policies. If both provided for an offset of SSDI benefits, that can result in a double offset and you receiving less disability income than planned.
For example, if you had two LTD policies that each paid $2,000 per month, you would expect $4,000 of monthly disability income. If each policy provides for an SSDI offset, and your SSDI benefit was $1,000 per month, courts have ruled that the insurer may take an SSDI offset from both policies, thus, the insured is left with $3,000 in monthly disability income–$1,000 from each LTD policy, and $1,000 from SSDI.
- VA Disability Benefits for Foot Conditions
- Persian Gulf War Veterans and Benefits Available
- What Are VA Disability Benefits Questionnaires (DBQs) for C&P Exams?
- Veterans (VA) Disability Benefits for Hemorrhoids
- BVA wrongly denied service connection for high blood pressure, definitive proof not required in VA benefits cases
- Can I Lose My VA Benefits If I Don’t Attend My C&P Exam?
- What Benefits and Services Are Available for Veterans with PTSD?
- What Do You Do If Your Benefits Have Been Wrongly Denied?
- Can You Receive VA Disability Benefits for Life?
- How Can I Receive VA Disability Benefits After Burn Pit Exposure?
- Top 3 Benefits Issues for the Department of Veterans Affairs (VA) in 2019
- VA Disability Benefits for Diabetes
- VA Disability Benefits for Depression
- Blue Water Navy Benefits to be Delayed July 2019 Update
- VA Benefits for Spouses of Disabled Veterans – Video
Share this Post