Hawaii has 1,441,552 thousand residents.
It is hard to imagine that more workers in the USA filed Social Security disability claims last year than live in the beautiful state of Hawaii. Sadly, this number does not include spouses, widows, or children of those employed that may have suffered a disability.
Social Security benefits are not as rich in benefits as can be purchased in the private Arizona disability insurance market. Furthermore, only a fraction of those that apply for Social Security disability benefits are actually granted coverage, the vast majority are denied. The bar is very high when it comes to qualifying for Social Security disability. Do a quick Google search and you will find page after page of attorneys offering to help an individual qualify. If an individual does happen to qualify the average monthly benefit is $1234.
The answer to this national issue plaguing America’s workforce is for individuals to buy their own individual disability policies. There are Arizona individual disability policies available for every budget. Individual disability insurance policies are not just for upper income individuals.
Calculate your monthly fixed expenses. Mortgage, utilities, food, car and car insurance, gas, home maintenance, homeowner’s insurance, and health insurance and co-payments. If you are a typical family in America, your fixed expenses can easily total $7000 a month for a family of four. The Social Security average benefit of $1234 (if you can get it) is a far cry from the $4000-$9000 a month many families need per month to maintain their standard of living.
The average person will take a two-week vacation each year. Ask why only two weeks and the answer usually is because they need to get back to work. Now ask yourself what you would do if you had to spend two years recovering from an illness or accident. What would you do if you are one of the 1,500,000 that files a disability claim with Social Security each year, most of whom are denied benefits?