Disabled Americans have two federal programs to consider when applying for disability benefits – Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).
How much can you make on disability benefits?
Disabled Americans looking for disability benefits have applying for Social Security disability as their best option. However, there are two federal programs that they need to take under consideration. Perhaps the best of these options is the Social Security Disability Insurance (SSDI). This becomes a good options if the person seeking for this benefit has worked and paid for taxes for years. The other option is also viable, it is the Supplemental Security Income (SSI). This is a program available for people who are disabled but don’t have much of a work history, children with disabilities, and people who are over the age of 65.
As far as SSDI goes, this program is the one that offers the higher earning potential from the two options disabled people have. The maximum possible SSDI check goes up to $3,627 per month against the $914 that SSI offers them. There are some folks who can qualify for both of these programs. As far as the average SSDI benefit, that one goes up to about $1,358 per month. In order to calculate your SSDI Benefits, you can create a free mySocialSecurity account and see exactly how much the Social Security Administration expects you to get through SSDI. After that, you can have a better idea of how much you are entitled to get.
Also, there are many disabled Americans who are still working and they can also get SSDI Benefits. There is only one downside to this. You can keep working while getting your SSDI benefits but your amount will be reduced if that is the case. How much is reduced from your monthly payments will depend on how much money you make from your current job. You can get more information on how much you will get reduced from your payment when you work as a disabled American from the Social Security Administration’s website.
In conclusion, disabled Americans have options when it comes to disability benefits. The Social Security Disability Insurance (SSDI) program offers higher earning potential compared to the Supplemental Security Income (SSI) program. By creating a mySocialSecurity account, individuals can calculate their expected SSDI benefits and gain a better understanding of their entitlement. It is also possible for disabled Americans to continue working while receiving SSDI benefits, although their monthly payments may be reduced based on their income. For more information, individuals can visit the Social Security Administration’s website.
