Disability Planning: The Importance of Being Prepared - Part One

Most Individuals Will Face At Least a Temporary Disability


Study after study confirms that nearly everyone will face at least a temporary disability sometime during their lifetime. More specifically, according to the Commissioners Disability Table A (CIDA 1985), one in three Americans will face at least a 90-day disability before reaching age 65 and, depending upon their ages, up to 44% of Americans will face a disability of up to 4.7 years; on the whole, Americans are up to 3.5 times more likely to become disabled than die in any given year.

In raw numbers, over 37 million Americans, or roughly 12% of the total population, are classified as disabled according to the 2010 census. Perhaps surprisingly, more than 50% of those disabled Americans are in their working years, from 18-64. For example, in December 2012, according to the Social Security Administration more than 2.5 million disabled workers in their 20s, 30s, and 40s received SSDI (i.e., disability) benefits.

It is imperative that families work with a team of professional advisors (legal, medical and financial) to ensure that, in light of their unique goals and objectives, their planning addresses all aspects of a potential disability.

Our firm is dedicated to helping seniors and their loved ones work through these issues and implement sound legal planning to address them. If we can help in any way, please don’t hesitate to contact our office. We can be reached at (203) 651-5521.