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Avoiding financial destitution with long Covid
Post-COVID Recovery & COVID-19 | Last Active: Feb 3 11:28am | Replies (28)Comment receiving replies
I’ve got LTD through Principle Life Insurance Company that I have paid into for 25 yrs and didn’t know it but thank god! They have actually been great. I’m only 47 and it will pay me till I’m 64. They also have a company representing me in filing my SSDI. I hear most people are usually denied the first time round but I’m being hopeful bc it’s all I feel I have left to be hopeful about since I feel like my life is over considering everyone in my life left me. That’s hard when your mind keeps getting worse along with your memory and your body just keeps getting weaker.
Replies to "I’ve got LTD through Principle Life Insurance Company that I have paid into for 25 yrs..."
Hi @armalone. Just a suggestion as Ive found, may be best to exhaust your ltd funds first if you can live off them comfortably. Then you can file for ssdi. Key factor is how many years/money/work credits paid into social security disability system to know what your maximum benefit would be. They can advise you of that and hopefully not less than ltd amount. If you have enough credits, you could live on ltd til about 62 and then file for social security disability allowing for processing time hopefully by 64. This allows you to receive maximum full age retirement social security benefit at 64 and be paid that higher level until no longer disabled or just continue it as of your full retirement age which I believe would be well over 70 by that time. You already paid for ltd policy, this keeps your ss in place to live off of in your older retirement years or available to take as future amendments to the system occur, and hopefully if you had ltd policy to begin with, you also have any type of ira/investment accounts that can continue to grow meantime and add to your quality of life as you see fit. Their 10% early withdrawal penalty etc can be well worth it if earnings and type of account help offset that and bring you joy! Of course, hopefully there will be no need for disability in your future and this is just proactive thoughts. Quickest healing to all🌈
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Thanks for your reply. I am glad that you are getting some help. I am on regular social security so I do not qualify for Social security disability. I am 72 so I am too old for help, and my employer has no short or long term disability for part time employment, so I have still been working but miss a lot of time from work due to all of this. My blood pressure is uncontrolled and all the doctors want to do is throw another pill at me that has more side effects than I am already having. I passed twice in 2024 and had major injuries from those falls, and I sure cannot afford to have that happen again. This Covid virus has taken me down, the fatigue is unreal, I have no social life anymore and stay isolated at home the majority of the time. I am happy for you ..do not give up the fight. Prayers for you. Thanks for your reply.