If you become eligible for disability benefits, then you must apply. To receive the maximum benefits, you will have to file for the disability benefits.
About social security long term disability:
Social security long term disability claims are made if you become permanently disabled for an extended period of time. If you qualify for this, you are entitled to receive benefits for disability.
-Get to keep what you paid in taxes for 30 years before age 65.-Put a plan in the place for your retirement, since Social Security can only go so far.
Pros of social security long term disability:
In social security long term disability monthly benefit amount is determined by your earnings history & length of time you’ve been injured. You are entitled to a monthly benefit till you are 70years.
-Earlier you start benefits better.-Another way to keep your Social Security money longer & earn higher return is through Individual Retirement Account.
Pros of social security long term disability:
As people age, the social security long term disability provides protection from a loss of income from injury or disease. The disability premium is based on an assessment of the worker's income.
Cons of social security long term disability:
-Benefits are less than that of your social security retirement & must be paid for longer period of time.-You do not get any money for first 12 months.
Social security long term disability insurance is also available for workers who are employed in their first year of employment with same company & same position, but then move to different position.