How is Social Security Inability (SSD) or SSI Calculated?

If you are in the process of applying for Social Security disability benefits (SSDI) or Supplemental Security Income (SSI), you may exist wondering what your maximum monthly benefit payment is. Yous can quickly detect this out by contacting the Social Security Administration (SSA) to receive an judge or you tin visit our website for a quicker response and employ the disability computer.

The monthly benefit for SSDI is based on a circuitous formula, while the benefit for SSI is relatively unproblematic. Both formulas will be described in this article, equally well equally some general details about fiscal eligibility for these programs.

Information technology is important to mention that if you believe that y'all are disabled, yous should get started with your awarding right abroad, because there are many factors involved in determining your eligibility that the SSA will consider.

Your Monthly Benefits For SSDI Is Not Based On Your Disability

The corporeality that you receive for Social Security disability (SSDI) is based on your earnings earlier you became disabled. Your payment is not based the severity of your disability, however your electric current income must be below a sure threshold to exist eligible for SSDI. If y'all receive payments for your disability from other government sources, your monthly payment for SSD may be lowered.

A Complex Weighted Formula is Used to Summate Your Inability Benefits

Every SSDI recipient receives a unique amount of money. Your SSDI benefits are based on the income that you have paid Social Security taxes on in the past. This income is called your "covered earnings". The boilerplate of your covered earnings over several years is called your average indexed monthly earnings (AIME).

You can view your covered earnings history by visiting www.ssa.gov/mystatement or you lot tin check your Social Security argument which is sent every v years to those under the age of threescore.

The more money that you accept earned and paid Social Security taxes on, the higher the amount that you lot are eligible to receive in disability payments. However, information technology is important to notation that there are maximums in identify in spite of the applicant'south earnings. The maximum benefit as of 2015 is $2,663 per month, and near people receive betwixt $m and $1200 per month in benefits on boilerplate.

In one case your AIME is calculated, a formula is applied to your AIME to summate your primary insurance amount (PIA). Using your PIA, the Social Security Administration can calculate your monthly benefit amount.

This may seem complicated, and you are not expected to calculate your disability benefits on your own. You can contact the SSA or your local Social Security office to get an accurate estimate of your potential monthly benefits for SSDI. A representative volition ask yous questions about your past earnings and other relevant questions and calculate your estimated benefit for you lot.

For a quick guess, the online social security disability income calculator provided by Represent Myself allows you to enter your bacon information to calculate your estimated monthly disability benefit. The calculator is very simple and easy to utilize, and you can get a quick gauge of your monthly benefit amount with just a few pieces of data.

There is a more detailed calculator that you can use on the Social Security Administration'south website, and this calculator requires more information including your annual earnings every year since 1951, and your expected earnings for the electric current year and the following twelvemonth.

The SSA disability calculator can be viewed here: http://www.ssa.gov/planners/retire/AnypiaApplet.html

Your SSDI Amount Can be Reduced From Other Disability Payments

If you receive payments from a long term disability insurance policy, your SSDI payments will not be affected. However, payments from other government run disability programs such as land disability benefits or worker'south comp payments can reduce your SSDI payments.

If your earnings from government run disability programs similar worker's comp combined with your SSDI earnings exceed lxxx% of your average income earlier you became disabled, your SSDI payments will exist reduced.

VA and SSI benefits do non reduce your SSDI benefits, however your SSDI benefits tin reduce your SSI benefits.

Financial Eligibility for Social Security Disability

The fiscal eligibility requirements for SSDI and SSI differ. In guild to receive SSDI, the prospective recipient must exist able to demonstrate they take a disability that is medically determinable, that will continue to final no less than twelve months, and that prevents the individual from engaging in substantial gainful activity.

Substantial Gainful Activity – SGA

is an important concept to understand when pursuing Social Security Disability Insurance or Supplemental Security Income. The Social Security Administration defines it as "the functioning of significant mental and/or physical duties for profit".

SGA maximum amounts are set by the Social Security Administration and change regularly. If the SSA determines that your income is below the SGA maximum amount, y'all are financially eligible for disability payments. A college SGA maximum amount is e'er set for blind individuals.

Your specific SGA income is calculated based on your gross earnings or your wages earlier taxes are taken out by the SSA. Impairment related work expenses are subtracted from the calculation, and y'all should not assume that you do not authorize for SSDI just considering y'all earn a certain amount that exceeds the current SGA maximum.

It is important to annotation that SGA amounts change on a regular basis based on the national average wage alphabetize.

For more than information on computing your SGA income, you can contact your local Social Security field part to determine whether or non you see the threshold with your electric current income and disability related expenses.

How SSI Differs from SSDI

SSI is slightly unlike from SSDI, although both programs are run by the Social Security Administration. SSI is a cooperative program betwixt your land and the federal regime.

Supplemental Security Income is a program that is strictly need-based, according to income and assets, and is funded by general fund taxes. SSI is called a "means-tested plan," meaning it has nada to do with work history, only strictly with fiscal demand.

SSI disability benefits are available to low-income individuals who haven't earned plenty work credits to qualify for SSDI.

Your Monthly Benefits for SSI

Calculating your monthly benefits for SSI is simple. If you run across the qualifications as described below, and your awarding for SSI is approved, you lot volition receive benefits of $733 per calendar month (for individuals) or $i,100 per month (for couples), minus a portion of your current income.

The federal amount for SSI is set in January of every twelvemonth. Yous may receive an additional payment on meridian of your SSI benefits called a State Supplementary Payment. The availability of this program varies from i state to some other.

Fiscal Eligibility for SSI

Your income requirements for SSI depend on the land in which you lot live. You must accept a very low monthly income, and approximately half of your current income is taken into business relationship. The amount is set past your particular land, and it is usually betwixt $700 and $1400 per month, and some states allow individuals with college incomes to still qualify for SSI. You must own less than $2,000 in property (minus your abode and car) for individuals, or $3,000 for a couple.

In addition to these financial requirements, y'all must exist disabled, blind or over the age of 65. You must also be a citizen of the U.s. or meet very specific requirements based on military service, U.S. permanent residency, or refugee or political asylum status.

If yous are disabled and are approved for SSI, yous are also normally able to participate in the Medicaid program in your land, as well the food stamp program. There are specific state stipulations that must be met for these programs.

Back Payments and Retroactive Payments are Often Included Once Y'all are Approved

When you are approved for SSDI or SSI, you are often approved with back payments or retroactive payments included. Back payments are any disability benefits that are past due, or the benefits that you would have been paid if your initial application was approved right away.
Retroactive payments are for the months that y'all were disabled and could not work. You are eligible for retroactive payments only with SSDI and non SSI.

Disability Assist Middle Tin Help You with Your Disability Claim

If yous are currently in the procedure of applying for Social Security inability or SSI, you probably are already enlightened that it is a challenging and fatigued out process.

Represent Myself offers you expert guidance, video tutorials, and support from knowledgeable professionals who understand how the application and appeals procedure works.

With our tools and noesis, you will never need to hire a inability lawyer to obtain benefits which can save you a substantial amount of time and money.

We encourage you to employ for social security disability or SSI, even if you are not sure whether or not yous will qualify. A representative at your local Social Security field part volition be able to inform you about your eligibility based on your income and expenses.

Don't presume that you won't be eligible just because you earn a certain corporeality or aren't certain well-nigh your eligibility. The SSA considers many factors when computing your eligibility for SSDI or SSI and the amount that you can qualify for.