To amend title II of the Social Security Act to provide that the waiting period for disability insurance benefits shall not be applicable in the case of a disabled individual suffering from a terminal illness.

Terminally Ill Disability Beneficiary Act of 2003 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to create an exception from the waiting period otherwise required for Social Security disability insurance benefits for beneficiaries suffering from a medically determined terminal illness with not more than six months to live.