Concurrent Disability

Concurrent Disability A concurrent disability occurs when there is more than one injury or illness. Though there is more than one factor causing disability, the concurrent disability benefits are paid as if there is only one injury or illness. The insured will be considered to have one disability. The disable individual may be eligible to receive disability benefits from two or more sources at the same time. This can happen in a few different ways: An individual may be eligible for both Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). An individual may be eligible for disability benefits from their employer's group disability insurance plan and from Social Security Disability Insurance (SSDI). An individual may be eligible for disability benefits from two or more different individual disability insurance policies. When an individual is eligible for concurrent disability benefits, the amount of benefits they receive will be reduced to prevent them from receiving more than their total monthly income. It is important to note that not all disability insurance policies will pay benefits for concurrent disabilities. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful