As people grow older, their chances of developing disabilities increase. For example, one may struggle to walk without support or see clearly. Consequently, they may be unable to find employment and thus face financial hurdles. With this in mind, the government has introduced several schemes to support individuals. This post discusses the types of disability benefits explicitly designed for those over 50, the advantages of applying, and their eligibility criteria.

Types of disability benefits
Disability benefits are invaluable to those unable to work due to disabilities. There are several types of disability benefits, each catering to specific situations and needs. Here are a few common examples:

Social Security disability insurance
SSDI is a federal program for individuals who have contributed to the Social Security system through their employment history.

Supplemental security income
SSI is a need-based program that offers financial aid to disabled individuals with limited income and resources. Unlike SSDI, one’s eligibility does not rely on work credits.

Private disability insurance
One may avail of private disability insurance policies either through their employers or independently. These policies offer an extra layer of protection and income in the event of a disability, surpassing the coverage provided by government-based programs.

Employer-provided disability benefits
Certain employers offer disability benefits as part of their comprehensive employee benefits package. These benefits can vary significantly depending on the employer’s policies and may encompass both short-term and long-term disability coverage.

Advantages of disability benefits
The schemes discussed above offer numerous advantages to those over 50 with disabilities. Here are three reasons to apply:

Financial stability
Individuals receive a reliable source of income that helps them cover their daily expenses and maintain a certain standard of living. It eases financial strain during challenging times.

Access to healthcare
Most disability benefits programs provide healthcare coverage, ensuring individuals receive essential treatments and services.

Vocational services
Besides offering financial aid, some programs help individuals develop skills and explore employment opportunities if they wish to return to work.

Eligibility criteria for disability benefits
To qualify for the benefits, applicants must meet specific eligibility criteria. The following are three factors that may be considered:

Valid documentation
Applicants must meet the program’s specific definition of disability and submit the necessary documents to substantiate the same.

Age and work credits
For SSDI, applicants should have earned enough work credits based on their age to be eligible. SSI considers financial need, age, and disability status.

Financial need
SSI eligibility depends on the applicant’s financial situation, including income, assets, and resources.

Individuals over 50 with disabilities should learn about the benefits available and their eligibility criteria. Doing so will make the application process hassle-free. By taking advantage of disability benefits and planning for the future, individuals can achieve financial stability and access the necessary resources. One can seek professional advice and support when navigating the intricacies of these programs. Since people with disabilities face challenges finding stable employment and bouncing back from unforeseen financial hurdles, government schemes come to their rescue in most cases.