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Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 12481
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
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I am 65 still employed. I have medicare and health ins with

Customer Question

I am 65 still employed. I have medicare and health ins with my employer. I have short and long term disability insurance as well I was told at age 65, I can no longer carry disability ins because the carrier will not pay me if I am SS and Medicare eligible.
JA: When we are ready I'll take you to the appropriate web page.
Customer: ok
JA: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits propertly. Is there anything else important you think the Retirement Accountant should know?
Customer: Not at this time TY
Submitted: 11 months ago.
Category: Social Security
Expert:  Lane replied 11 months ago.

Hi My name's Lane. How can I help?

Expert:  Lane replied 11 months ago.

I'm not sure exactly what your question is, but while 'm waiting, I'll provide some general information.

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Disability Insurance is designed to replace earned income during the working years, (so that you can continue to save toward retirement, for example).

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Essentially ALL long term DI plans stop paying benefits (for those that are disabled and have filed a claim) at 65 or 66.

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As another example, for those on SSDI (Social Security Disability) once they become full retirement age (age 66 for those born between 1943 and 1954) their Social Security Disability automatically converts to Social Security Retirement.

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Let me know how I can help.

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Lane

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I hold a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986

Customer: replied 11 months ago.
What about short term disability coverage Should I cont to carry those.
Expert:  Lane replied 11 months ago.

As long as you work, and if it's affordable, I would take as long as it's offered ... but DO look at the coverage details to be sure it doesn't have an age limit as well.