The Alphabet Soup of Disability Income: SSDI, LTD and WC

When you can't work, there are three programs that can help: Social Security Disability Insurance, long-term disability and workers' comp. You may even qualify for more than one, but that can also cause issues.

(Image credit: Wiktory)

We like to think we’re invincible. We tell ourselves it’s not possible that one day we’ll experience a health problem severe enough to keep us from working. But for many Americans, that “one day” arrives on a daily basis. In fact, one-in-four 20-year-olds can expect to be out of work at least a year due to disability.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Michael Stein
Assistant Vice President, Allsup

Mike Stein, assistant vice president of operations strategy and planning, has 25 years experience helping people with disabilities through his work with Allsup. He oversees the claims operations for both Social Security Disability Insurance representation and the Veterans Disability Appeal Service for veterans. During this time, he has become an authority on the SSDI application process, as well as Social Security Administration programs.