How much can I earn on SSDI?
Many people wonder, if they apply for disability, how much money will they receive on a monthly basis? This is a simple question with a complicated answer. The amount that someone receives via Social Security Disability varies based on which disability program they are eligible to receive, as well as their assets and current income.
The first question is whether someone qualifies for SSI or SSDI. This decision is based off of the person’s work history. If you have worked and contributed part of your income to Social Security for a sufficient number of quarters, then you become eligible for SSDI benefits. The benefits are the equivalent to your full retirement age monthly benefits, based off of your income history. However, there is a ceiling. SSDI benefits max out at $2,788 per month. There is also entitlement to medical coverage, which will be discussed in a future article.
If you do not have the requisite work history, SSI provides monthly benefits and medical coverage. However, there are strict eligibility requirements for SSI regarding the applicant’s assets and income. In 2020, the maximum monthly benefit you can receive via SSI is $783. Deductions are made from this amount based on any wages or family assistance an individual receives.
If you are not sure how much your monthly benefit may be, or if you wonder about whether you have worked enough quarters to be eligible for SSDI, it is a good idea to log in to your personalized MySSA account at https://www.ssa.gov/myaccount/?gclid=EAIaIQobChMIm-_Khcbz6wIVI-eGCh2_iQTiEAAYASAAEgIdxvD_BwE . This site will let you know whether you have worked sufficient quarters, and your monthly benefit should you be approved for disability benefits.
If you are not sure how to proceed, it is a good idea to talk to a qualified attorney about your disability application. At Lancaster & Eure, we are here to guide you through this complicated process.