[MelodyL]

http://news.yahoo.com/formula-reduce...201418202.html

Melody

[Babyboomer15]

I don't understand alot of the article. It says the typical 65 yr old would receive about 163 dollars less a month. ???? Are they talking about someone already on SS or someone just about to go on SS.
Me,myself,would be happy with a 3 % raise every year. At least it would be something. I will be losing my LTD at age 65 and any raise for SSDI helps when I lose the LTD check.

[MelodyL]

Originally Posted by Babyboomer15

I don't understand alot of the article. It says the typical 65 yr old would receive about 163 dollars less a month. ???? Are they talking about someone already on SS or someone just about to go on SS.
Me,myself,would be happy with a 3 % raise every year. At least it would be something. I will be losing my LTD at age 65 and any raise for SSDI helps when I lose the LTD check.

Wait a minute. What do you mean you lose your long term disability when you turn 65. Alan will turn 65 next June. He loses his money??

I can't believe this.

Melody

[Babyboomer15]

Mine run's out at age 65. It's only 100 dollars a month but it's better than nothing. Have him call his LTD carrier or check the contract or booklet(if he has one).

[MelodyL]

Originally Posted by Babyboomer15

Mine run's out at age 65. It's only 100 dollars a month but it's better than nothing. Have him call his LTD carrier or check the contract or booklet(if he has one).

I still don't understand. If a person is disabled and has been collecting Social Security disabilaity and then turns 65, nothing should change. The Social Security administration should consider them retired and they should still collect a monthly check.

I just checked on google and I typed in the question. "Will I lose my disability check when I turn 65?" and a whole bunch of links came up.

I found an answer that says "Nothing changes"

So why are you losing your check?

Melody

[Babyboomer15]

Originally Posted by MelodyL

I still don't understand. If a person is disabled and has been collecting Social Security disabilaity and then turns 65, nothing should change. The Social Security administration should consider them retired and they should still collect a monthly check.

I just checked on google and I typed in the question. "Will I lose my disability check when I turn 65?" and a whole bunch of links came up.

I found an answer that says "Nothing changes"

So why are you losing your check?

Melody

LTD (Long Term Disability) is an insurance policy that has nothing too do with SS or SSDI. Its paid thru Insurance Companies. LTD usually runs out at age 65. Some people have LTD policies that are much shorter.Sorry if there was a mis-understanding.

[Koala77]

Melody, in Australia when a person who receives a disability allowance turns 65, they are automatically transferred to the aged allowance. Maybe your state or country has a similar policy.

Try not to worry about it yet because I'm sure some-one will be along soon to give you the answers that you need.

[Kitty]

I think it's just another attempt to upset and alarm the portion of the population that really has no "wiggle room" when it comes to finances. I don't put very much faith in these types of articles. Nothing is going to happen to SS or SS Disability in the foreseeable future.

[lefthanded]

I, too, have an LTD policy that expires at 65. I took out supplemental long term disability when I was first hired, about $1.22 a paycheck, to have better and longer coverage. It is offset by SS, because had I not been allowed SSD, my LTD policy would have paid the difference (less inflation.) At 65 I qualify for regular SS, which is what the LTD was to cover me until.

At that time I will hope that what is left of my 401K's (after all the losses on Wall Street) will pick up some of the slack from losing my LTD benefit. We are likely to be in a world of hurt for cash at that point. Jacking around with my SS and Medicare will tend to make me even more cranky . . . . . . than I already am!

[mrsD]

Take a look at this link.

Retirement age has "changed"... for example only at 66 for me for full benefits.

http://ssa-custhelp.ssa.gov/app/answ...ility-benefits

This seems pretty clear, that disability will change in name only.