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Social Security Disability Offsets in Disability Insurance Claims by Frankel & Newfield, Originally Posted on disabilityinsurancelawyerblog.com
Clients often ask why Long Term Disability Insurance companies are allowed to deduct their Social Security benefits from disability checks. The history is complicated, but the answer is simple: most disability policies that are purchased through the workplace include a clause that the LTD benefits will be reduced by the amount of money paid by Social Security. This language can be found in a section of the policy often titled “Offsets” or “Other Income Benefits.” Social Security Disability is the primary offset, although there may be others; it all depends on the language contained with each policy. If a disabled individual’s children receive Social Security, those funds will be considered for an offset as well, as they are counted as the household’s Social Security benefit… [ Read More ]