By: Passalacqua & Associates

What Are My Options?

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Are you over the age of 55 and struggling to continue to work at the level you used to prior to dealing with chronic illness or injury? There may be some options for you to consider in order to sustain your livelihood without continuing to work as hard as you are now. You may be eligible for Social Security Disability benefits, supplementing your income and allowing you to back off from the demands of a full workload. Even if you had applied before and were denied benefits, once over the age of 55, the likelihood of being awarded benefits greatly increases, and it can be very much worth your time to inquire.

Lean on the vast experience of the team at our law firm to help you understand your options and get a plan into place that you can rely on in the long term. Call us today at (315) 500-6425 to answer your questions regarding your specific situation.

What Are the Benefits Of Staying In the Workforce Longer?

If you are no longer able to work at the level you used to in your younger years due to illness or injury, then you may be thinking about early retirement. This is common as our bodies age and new issues arise or injuries are sustained due to the demands that are placed on them by working daily.

The problems that can arise with early retirement involve your social security benefits should you retire early. They are computed based on the years worked, and if you retire prior to your earliest eligibility age, you will receive less in payments each month for the rest of your life.

How Do I Know If I Qualify?

The SSA will look at several factors in determining eligibility for social security benefits. People over 50 are twice as likely to receive benefits as those in their 40s, and people in their 60s are twice as likely to receive benefits as those in their 50s. The severity and duration of your impairment are also reviewed, and typically if impairment occurs at this age, it is likely that it will remain or worsen with age, increasing the likelihood of eligibility.

If you are eligible for social security benefits due to chronic illness or injury, it can allow you to get the reprieve you need without penalizing you for the rest of your years in terms of what you can collect after retirement.

How Can a Lawyer Help?

At our law firm, we look forward to helping you understand the options available to you and getting you the benefits you deserve. You have worked hard, and we are prepared to work hard as well to help you to sustain your livelihood. We are happy to assist you with a free strategy session to discuss your specific eligibility questions and how we can best be of help to you. Contact us at (315) 500-6425 today to learn more and get the process started.