Video Summary
- Long-term disability benefits may be reduced by the amounts received from Social Security disability.
- People with long-term disability policies are often required to apply for Social Security disability as well.
- The reduction in long-term disability benefits occurs due to an “offset provision” in the policy.
- If approved for Social Security disability, recipients may receive a lump sum, but spending it all at once is not advisable.
- Group long-term disability policies commonly include the offset provision, and individuals should review their policy and seek legal assistance if needed.
