Things to Know About Social Security Disability

By: Thomas T. Woods

If you are unable to work due to a medical condition, you may be eligible for disability insurance payments. To receive Social Security disability Madison WV, you need to understand the process.

Eligibility

Your disability eligibility is determined by your ability to work in your previous jobs. If you cannot physically do the work you have done in the past, you are likely to be approved for disability. However, you must have worked recently and earned a specific number of credits to qualify.

Outside income, such as your spouse’s income, does not affect your eligibility. Your interest and investment income also don’t affect your disability payments and eligibility. Your children may also qualify for benefits until they are legal adults. You will undergo an evaluation to determine your eligibility.

Payment Information

Disability insurance comes in two forms. Supplemental Security Income (SSI) is based on financial need, whereas Social Security Disability Insurance (SSDI) is based on your income over your working life and is used to replace lost income if a worker cannot work due to a disability. Although the average SSDI payment is $1,259 per month, this insurance may pay up to 180% of the workers’ benefits to workers and their families.

You cannot receive your first payment until 5 months after you are declared disabled, and your payments will continue as long as you are unable to work.

Your Responsibilities

If your health improves or you work, even part time, you need to inform Social Security. In addition, you may have to pay taxes on your payments. In January, you may receive a cost-of-living increase to your payments. Workers’ compensation may also reduce your disability. Finally, be sure to inform the Social Security office about any major life changes, such as marriages, divorces, changes in address or banking details.

If you are thinking about applying for disability, consider consulting with a disability attorney.

 

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