Harshbarger hopes bill will reduce red tape for those with a terminal illness
According to a news release, the Immediate Access for the Terminally Ill Act would remove the five-month waiting period for those with a terminal illness who are unable to work. Some don't live long enough to receive their benefits.
To be eligible, a person must have a disease listed on the Social Security Compassionate Allowance List, have a disease with no known cure, or have an average life expectancy of five years or less from the date of diagnosis.
"No one diagnosed with a terminal illness should spend their final months tangled in government red tape," Harshbarger said. "At life's most difficult moments, families deserve compassion, certainty, and peace of mind. This legislation ensures timely access to earned benefits while remaining fiscally responsible, and I'm proud to work with Senator
Lee reintroduced the legislation in the
Under the bill, someone with a terminal illness would have two options: immediately assess their monthly SSDI cash benefits in exchange for a 7% reduction or wait five months and receive their full benefits.
According to the release, the bill would also:
* Require any future additions to the Compassionate Allowance Initiative to be recommended by the
* Update the overpayment collection threshold for Old-Age, Survivors, and
* Eliminate the ability of individuals to access both SSDI benefits and unemployment benefits at the same time
According to the release, an analysis by the


One company's push for private flood insurance
JUDICIARY DEMOCRATS DEMAND CHAIRMAN JORDAN PROBE THE SHAM INVESTIGATION INTO FEDERAL RESERVE CHAIR POWELL
Advisor News
- Could a narrower focus help grow your practice?
- U.S. debt hits $40 trillion: how to support concerned clients
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
More Advisor NewsAnnuity News
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
More Annuity NewsHealth/Employee Benefits News
Life Insurance News