BELLEVILLE, Ill., Nov. 28, 2023 (Globe Newswire) — As U.S. credit card debt reaches historic milestone and backlog of Social Security Disability Insurance claims continues, Allsup launches Disability Financial Solutions We have expanded the services we provide.SM To the thousands of former workers forced into long waits for benefits. Allsup, the nation’s leading provider of disability representation, now offers a variety of financial solutions to address claimants’ pressing financial issues, with average processing wait times reaching 220 days for the initial application decision alone. I am.
Credit card debt has surpassed $1 trillion for the first time, according to the Federal Reserve Bank of New York. Adding to the urgency, more than 1 million people are currently waiting for their first disability claims to be processed by the Social Security Administration. Social Security Disability Insurance (SSDI) provides monthly income and support to individuals who are unable to work due to a serious illness or injury. Approximately 160 million workers currently have SSDI coverage. This benefit is funded by his FICA payroll taxes.
In addition to the financial stress of health problems, individuals applying for disability benefits face the daunting process of applying for benefits and, if denied, going through a lengthy decision process at a federal agency to appeal. facing.
“Credit card debt can exacerbate financial stress for people who have to stop working because of a disability,” said TJ Geist, Allsup’s lead advocate. “Previously, applicants could learn of a decision in as little as three months, but now they wait more than seven months for the first SSA decision, and an additional 15 months or more for appeals. This can quickly become a financial crisis for individuals and their families.”
Congressional hearings in October highlighted the urgent need to speed up the Social Security disability claims process, Geist said. “SSDI benefits often serve as the only financial lifeline for people with disabilities and their families.”
According to the U.S. Census Bureau, The medical debt rate for households with a hospitalized family member nearly doubled, to 31.3% compared to 15.8% for households without hospitalizations. “The financial hardship caused by quitting work due to health issues is immense. That is why we have expanded our SSDI services to include disability financial solutions.SM (DFS),” Geist said. “We are dedicated to providing real support that makes a difference for our customers, including expediting financial relief, especially for those facing medical hardship or long SSA wait times. ”
Allsup’s disability finance solutions include:
- Health Insurance Options: Allsup’s Health Insurance Services team helps clients explore health insurance options, ensuring access to essential medical care and increasing the likelihood of approval for SSDI benefits.
- Save money on credit card and medical bills: Debt settlement experts negotiate with credit card and medical companies on behalf of Allsup customers, reducing financial burden while realizing significant savings.
- Savings on food, utilities, prescriptions, and more: Allsup connects customers with resources that offer savings on everyday items like utilities, meals, prescriptions, and more.
- Mortgage Relief: Allsup leverages its extensive network to provide customers with information about Housing Assistance Fund (HAF) resources available in each state, providing critical support during difficult times.
Customers share their stories of relief as follows: I felt relieved knowing that I could pay off my debt quickly. If Allsup would just settle my girlfriend’s SSDI case and debt, that would be enough. In return, it also provided resources to reduce my monthly expenses. Thank you for using Allsup. ” – said Karina, a satisfied Allsup customer.
For more information about applying for SSDI benefits, appealing a denial, or finding out if you qualify, visit Visit FileSSDI.Allsup.com or call 1-800-678-3276.
About Allsup
Allsup and its subsidiaries provide Social Security Disability, Veterans Disability Appeals, Return to Work, and Medical Benefits services to individuals, their employers, and insurance companies nationwide. Allsup professionals provide specialized services to help people with disabilities and seniors live as financially secure and healthy lives as possible. Founded in 1984, the company is based in Belleville, Illinois, near St. Louis. For more information, visit Allsup.com and @Allsup.or Download free PDF of Applying for Social Security Disability Insurance: Get it right the first time.
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TJ Geist, Allsup Chief Advocate
