Immediate Access for the Terminally Ill Act

This bill allows individuals diagnosed with certain terminal illnesses to receive Social Security disability benefits without the standard 5-month waiting period. To qualify, a person must have a condition listed by the Social Security Administration that meets three criteria: it must be on the Compassionate Allowance list, have a life expectancy of five years or less from diagnosis, and have no known cure. If they choose this option, they receive 93% of their standard benefit amount starting from the first month they are disabled, but the election is permanent and must be made when applying for benefits. The Social Security Administration must update the qualifying condition list every five years, and any new addition requires congressional approval.