What is the official ID of this bill?
The official print number for this legislation is S 4192.
Faster Disability Payments: Choose Immediate Benefits for a Reduced Amount
This bill allows disabled individuals applying for disability insurance benefits to elect to receive payments during the waiting period. Choosing this option means the monthly benefit amount will be set at 93.9% of the standard amount (during the initial period) and will continue unchanged for the entire period of eligibility. The Commissioner of Social Security will provide a calculator to help applicants determine the effect of this election on their benefit amount.
Key points
Disabled individuals can elect to receive disability benefits during the waiting period instead of waiting for it to end.
Choosing early payment results in the benefit being set at 93.9% of the full amount (initially), which applies for the entire period of eligibility.
The Commissioner will make a calculator available on a website to determine the effect of electing early payment on the benefit amount.
Status:
Expired
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