Lump Sum Awards

September 23, 2008

June 27, 2008

February 4, 2008

  • How Do Workers Compensation Offsets Affect Social Security Disability Payments?

    dear jonathan: i have been recieving ssd since around 2002 and also recieving workers comp (lifetime settlement)i am 53 years old.there is also a small payment from my ltd carrier, in the past they requested 13,000 back in which i paid because of approvel of ssd.i would like to know if ssd will want repayment of any of this money back also, I am over the 80% amount of former salery. (…)

November 25, 2007

November 7, 2007

September 26, 2007

September 21, 2007

  • LTD Carrier Misleads Claimant About Repayment Obligation - What Next?

    This blog post is a little off topic but I have included it because it serves as a warning to SSDI claimants who are also collecting long term disability benefits.  Thanks to Mike the gentlemen who wrote me to describe a problem he is having with his LTD carrier.  Mike apparently had long term disability (LTD) coverage at the time he became unable to work.  Many LTD policies, especially those provided as a benefit by your employer, contain provisions that (1) require you to apply for Social Security benefits and (2) that if you are approved and are awarded past due benefits, that you must repay the LTD carrier when you receive your lump sum back benefit check.  In addition, going forward, your LTD benefit will be reduced by whatever you receive from SSDI. (…)

March 7, 2007

  • Tax Treatment of SSDI Benefits and Lump Sum Payments

    With delays in the Social Security decision making process reaching 3 years, those fortunate claimants who are approved will end up with large lump sum payments.  I have seen several instances where the lump sum benefit check exceeded $50,000. (…)

March 8, 2006