If you have recently applied for SSDI benefits and worry about getting denied or you have been denied, you may wonder what your alternatives are. The truth is that Social Security Disability Insurance is typically your best and most cost-effective option when you lose your income or career due to a disability.
In fact, Business Insider cautions workers to remember that care insurance and disability insurance are expensive when you seek them out on your own. For people who can afford it, it is worth looking into.
Employer options
Your employer may provide disability insurance at a much cheaper rate, but private insurance is a proactive measure. If you did not sign up for disability insurance before you became disabled, you might not have access to that option now.
The great thing about employer-provided disability insurance plans is that they are typically affordable. In fact, some employers cover the full cost.
Government options
SSDI is the most highly recommended option people come across when they face disabilities. This is also the most cost-effective option and it does not require the proactive approach that employer-provided options do. Put simply, you can apply for SSDI after the fact.
However, there are other government options to consider. Some states, such as California, provide their own plans as well. Government options get paid for with taxes from your paycheck even if you are self-employed, so this is a Social Security safety net that most people have access to when they need it.
If you have been denied for SSDI, there is no need to give up just yet. Many people appeal their cases and get the help they need afterward.
