You’re probably familiar with Murphy’s Law: “Whatever can go wrong, will go wrong.” It rears its ugly head when we least expect it. That’s probably why it’s called a law, not a theory. When it comes to personal finances, old Murphy really seems to know when to pile it on. Unexpected expenses and changes in your financial outlook are not a matter of “if”, but “when”. But all is not lost however, with a little prior planning, you can be prepared for when Murphy comes knocking.
Have you prepared for the day you or your spouse may no longer be able to earn a living but may need home health or community care? If so, do you know how much of your income will be replaced by Social Security, group long-innovative products for elderly or by your own disability income insurance plan? Also, do you know much of your critical or long term care expenses will be covered by Medicare or private insurance? How much of your assets will still be available for you or your spouse if one of you needs a year, two years or five or more years of long term care.
Maybe. If the claims specialist feels more information about your condition is needed, they might request an evaluation from another doctor. This doctor does not actually work for Social Security, though. It will be an independent evaluation, so the doctor will be objective. Social Security will pay for this evaluation.
? Do you might have the phone support necessary to handle the influx of customers or will you need to hire an organization to cope with this aspect?? 2. This is vital simply because no two folks will suffer from the same levels of hearing deficit. ? Customer service support. They understood Costco’s business model and that Costco would not bend their rules even for them. Today, not only seem to be they selling Costco, but Costco is truly a large part of their overall business. ? make your final decision on price pricing to include at the presentation.
To take advantage of tax benefits and insurance, you will need a Social Security Number for your child. This will also be required to open a bank account or investment account for your child.
You can begin receiving SSI one month after you become disabled. You can begin receiving SSDI five months after you become disabled. Of course, your claim will not be processed and approved in just one month. Once it is approved, though, you will receive back-pay to the time you were eligible.
It’s a great idea to always have a backup plan, especially when it comes to finances. When times of crisis hit, you’ll need an emergency fund to fall back on. Some cash set aside to deal with life’s little (or big) detours.
Statistical research shows that the possibility of becoming disabled (in most cases partially or for short periods of time) throughout your working career is pretty high. Don’t let yourself come to an unpleasant situation. Try to search for a good insurance company. Ask about your obligations towards the insurance company. Do research and choose the best insurance for you. Remember that you are applying for a long-term policy; thus, it might be what you will have to deal with for a long period of your life.