Nobody likes to think that they stand a good chance of becoming disabled at some point in their lives. But the truth is that it happens more frequently than many people realize.
The statistics are startling. By some estimates, 1 in 4 of today’s 20-year-olds will become disabled before they are due to retire. Some for a relatively short period of time while recovering from serious illness or injury. But a significant percentage will become permanently disabled. Should that happen, in all likelihood, finances will become tight, at least initially. So, it is important to know how to handle that situation, which is what this article briefly addresses.
Consider claiming any benefits you are entitled to
An awful lot of people do not secure the maximum available SSD benefit. Some are shy about asking for the support they are entitled to. Others simply do not know that they can secure funding from the state.
Even if you are reluctant to claim benefits it is sensible to find out what you could be entitled to and how to file a claim, if needs be. That way if you change your mind you will know how to proceed.
But, bear in mind that the claims process can move extremely slowly. In many countries it takes months, sometimes more than a year. Even then, the answer may be no, leaving you having to go through a lengthy appeal process.
Seek out other forms of help
It is also worth finding out about any organizations or charities that can help you. Being able to borrow the specialist equipment you may need can end up saving you a lot of money. Especially if your disability proves to be temporary.
Don´t give up on the idea of returning to work
Many people wrongly assume that they will not be able to work if they are disabled. This is understandable, in many countries, employment levels amongst those who have disabilities are high. Sadly, a lot of potential employers still worry about hiring someone with a disability. So, finding a job is going to be challenging, but it can be done. Especially if you are willing to retrain.
In many parts of the world, there is a huge demand for programmers, mental health counselors and data analysts. All are roles that can be filled by people with most types of physical disability. You can find out about 10 such roles by clicking this link. You can also use the advice you find here on this website to make a living.
Try to save or insure yourself against this eventuality
The fact that becoming disabled, at least for a while, is so common means that it is a good idea to put some money to cover yourself for such an eventuality. In some cases, opening a savings account will be the best approach.
But you may also want to consider buying some sort of insurance policy that offers disability coverage. If you do be extremely careful. Take your time and read the small print. This article will help you to decide if you need this kind of insurance.