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Matt,

You cannot be on unemployment benefits and US Federal SSDI benefits at the same

time. The criteria for unemployment is that you are out of work. The criteria

for SSDI benefits is that you are UNABLE TO WORK due to being found disabled

under SSDI 'rules'.

If your company has some sort of long term disability coverage (LTD), once you

stop work due to disability, that may be used while you apply for SSDI.

Applying for SSDI has nothing to do with your 401K. SSDI is based on your work

record, not assetts.

However, SSI is for no/low income persons who are found disabled under the same

rules as SSDI. If you applied for that (SSI) with a 401K you would be rejected

due to amount of assetts.

Gretchen

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Matt,

It will help if you start having documented problems on the job due to you

decreased ability. It would help even more if you were discharged due to

inability to perform. Your severance package will not count as income earned by

working, and if it is large enough for you to survive on for six months that is

a good thing. As Gretchen pointed out going on long term disability would be a

good thing, the problem is that you've been working in your condition and are

being discharged because of lack of work not because you can no longer do the

job; that will be problematic.

Simply showing up at the Social Security office and saying that you've got CMT

is not reason enough for granting disability payments, and quite frankly, living

on disability sucks. If you've got skills that are transferable to a new viable

career, life would most likely be better. If you got enough other income so that

your disability payment is a supplement then life will be good as well.

You will not be eligible Medicare until 2 years after you start disability

payments, however if you return to work you can keep Medicare for 95 months.

Ed

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Matt,

 

One thing to keep in mind, if you are planning to go out on disability before

the company goes out of business...

 

Employer-sponsored long term disability and healthcare benefits will cease to

exist when the company goes out of business.  In other words, there will be no

COBRA or disability payments when the company is gone.  

 

One option is to try to get another job with a company that has long term

disability benefits, work as long as you can, then go out on disability later

when you can no longer work.

 

If, however, you're already unable to work any longer, then you may want to

speak with the HR department now about any short term/long disability

options, while they still exist.  As mentioned, after six months of disability,

Social Security disability will kick in, if you apply and qualify (not based on

income/assets, but your lack of ability to work.)

 

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>

> The company I work for will be closing in a year (give or take) we will be

getting a WARN letter (60 days notice) when it is my department time. After that

we may apply for unemployment. I am 42 and have had CMT my whole life and have

been getting worse and was going to apply for disability. My questions are: 1.

can I get unemployment and file for disability at the same time? 2. how does a

severance package affect disability? 3. how does 401k affect?

> Any help would be greatly appreciated.

> Thanks,

> Matt

>

1) No, you must be able to work to get unemployment

2) Severance doesn't matter to SSDI

3) 401 does not effect SSDI

A assume you have looked up the criteria for qualifying for SSDI and think you

do or soon will qualify. You can check here:

http://www.ssa.gov/dibplan/dqualify5.htm

http://www.disabilitysecrets.com/

You will not qualify just because you have CMT. You must be unable to perform

any substantial gainful work for which you are reasonable qualified based on age

education and work history. You r age of 42 will work against an SSDI app

because SS will consider that you are young enough to make a transition to

different employment. That doesn't mean such employment has to be available to

you, just that you can do it.

In my opinion it will look strange iof you apply right when your employer closes

..... all an all your situation has to seem reasonable to the SSA examiner and

this would seem strange. IF you can document with a letter from a manager that

you were kept on even though you were less and less able to do the job, it might

help.

Since you are young, look into Vocational Rehab in your state. especially wilh a

closing and your relatively young age they may be able to pay for schooling that

would get you into a job you are able to perform.

Good luck. You might also want to join the Yah Social Security Disability group.

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