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Posts Tagged “

disability

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fraud

Lawsuits Claim Insurers Are Choking Social Security With Unnecessary Disability Applications

Two whistleblower lawsuits have been filed recently against insurers, faulting them for requiring unnecessary and repeated disability applications with Social Security before they'll pay out any benefits. One person says her disability insurer, the Unum Group—which was only paying her $50 a month for a temporary injury she was almost certain to recover from—called her 10 times to ask her about her Social Security disability application. The woman told the New York Times "she did not need or want money from Social Security, and did not think she was entitled to it. Her doctors had told her she would recover, and Social Security is limited to people whose disabilities are total and permanent." More »

6:29 PM on Thu Apr 3 2008
By Chris Walters
2,419 views, 23 comments

Latest by Mr. Gunn: new and troubling questions: If only science could uncover the genes involved in detecting sarcasm, right? more »

evil

Payday Lenders Convince Elderly To Assign Social Security Checks To Them, Hand Back Allowances

This writer is quickly growing convinced that payday lenders are the modern version of indentured servitude, trapping consumers in cycles of debt that simply cannot be broken in their lifetimes. The Wall Street Journal published a story last week about payday lenders who make loans to the elderly and effectively take over their Social Security or disability payments, handing back whatever remains after they take their cut. Though it sounds like it should be illegal, payday loan companies are partnering with banks to pull this off.
More »

4:29 PM on Fri Feb 22 2008
By Chris Walters
4,362 views, 51 comments

Latest by n/a: @Pylon83: I beg to differ. To me the issue is not that a payday loan is available and taken out by the elderly folks that ended badly, but WHY it ended badly. Where is the Federal Truth-In-Lending Disclosure in these situation? more »