In 2022, the estimated common Social Safety incapacity profit for a disabled employee receiving Social Safety Incapacity Insurance coverage (SSDI) is $1,358 monthly, in line with the Social Safety Administration (SSA). That determine is anticipated to go as much as $1,483 in 2023. These advantages are based mostly on common lifetime earnings, not on family earnings or the severity of a person’s incapacity.
If you happen to’ve saved your annual Social Safety assertion, yow will discover what you’re prone to obtain within the Estimated Advantages part. The entire quantity {that a} disabled employee and their household can obtain is about 150% to 180% of the disabled employee’s profit. Eligible members of the family can embrace a partner, divorced partner, little one, disabled little one, and/or an grownup little one disabled earlier than age 22.
The estimated common month-to-month Social Safety advantages payable to a disabled employee, their partner, and a number of youngsters in 2023 is $2,616, which is a rise from the approximate advantage of $2,383 in 2022. These, together with different quantities, are topic to vary yearly based mostly on inflation.
For a extra exact indication, Social Safety has an on-line calculator that you should use to acquire an estimate of each retirement and incapacity advantages for you and your loved ones members.
Key Takeaways
What Are Social Safety Incapacity Advantages?
Social Safety incapacity advantages come from payroll deductions required by the Federal Insurance coverage Contributions Act (FICA) to cowl the price of Social Safety advantages, reminiscent of retirement and spousal and survivor advantages. A few of this funding goes into the Incapacity Insurance coverage (DI) Belief Fund and pays for incapacity advantages.
In accordance with the Social Safety web site, to qualify for Social Safety incapacity advantages, you could have labored a sure size of time in jobs coated by Social Safety. Usually, you want 40 credit, 20 of which had been earned up to now 10 years, ending with the yr you turned disabled. You will need to even have a medical situation that meets Social Safety’s definition of incapacity.
SSDI shouldn’t be confused with Supplemental Safety Earnings (SSI), which pays advantages to those that have monetary wants no matter their work historical past. Though these two names sound comparable, the {qualifications} to get the funds and what you may obtain are very completely different.
Youthful staff might qualify for SSDI with fewer credit.
Social Safety Incapacity Analysis Course of
Although there are some situations that the SSA considers so extreme that they robotically render an applicant disabled, many situations require cautious screening, together with answering these 5 questions:
Are you at the moment working? If you’re working, you aren’t blind, and your earnings common greater than $1,350 monthly in 2022 ($1,470 in 2023), then you’ll not be thought-about disabled. If you’re not working, or in case your earnings falls beneath Substantial Gainful Exercise (SGA) limits, transfer on to query two.
Is your situation extreme? If Social Safety determines that your situation doesn’t intervene with fundamental work-related actions, then you’ll not be thought-about disabled. In case your situation does intervene with fundamental work-related actions, transfer on to query three.
Is your situation discovered within the checklist of disabling situations? Social Safety maintains a checklist of disabling medical situations that robotically qualify you as disabled. In case your situation just isn’t considered one of these, then Social Safety will decide whether it is extreme sufficient to qualify. Whether it is deemed extreme sufficient, you can be thought-about disabled and your software will likely be authorised. If not, transfer on to query 4.
Are you able to do the work you probably did beforehand? In case your situation doesn’t intervene along with your potential to do the work that you just used to do, then you’ll not be thought-about disabled. If it does, transfer on to query 5.
Are you able to do another kind of labor? Lastly, when you can’t do the work that you just did beforehand, then Social Safety will decide whether or not you are able to do another kind of labor. If Social Safety determines that you could alter to different appropriate work (making an allowance for your medical situation, age, schooling, earlier work expertise, and different elements), then you’ll not be thought-about disabled and your declare will likely be denied. If you happen to can’t alter, then your declare will likely be authorised.
As well as, qualifying situations should be anticipated to final not less than one yr or end in dying.
There’s a obligatory ready interval earlier than incapacity advantages start to disperse.
When Funds Start
Many individuals imagine you need to be disabled for a sure time period earlier than you may apply for Social Safety incapacity advantages. That isn’t true. You’ll be able to (and may) apply as quickly as you imagine that you’re disabled.
There’s a obligatory ready interval, although, earlier than you may obtain funds. In accordance with the SSA, you’ll obtain advantages after your sixth full month of incapacity. Whenever you begin getting them, whether or not or not they’re taxable will depend on your earnings.
How A lot Does Social Safety Incapacity Pay a Month?
SSDI profit funds are based mostly on every particular person’s common lifetime earnings. To seek out out what you could possibly get, try the SSA’s on-line advantages calculator.
How Lengthy Does Social Safety Incapacity Final?
Usually, until your medical situation improves, you’ll proceed to obtain Social Safety incapacity funds. As some situations do enhance over time, the SSA periodically evaluations instances to ensure recipients are nonetheless eligible.
How Lengthy After You are Permitted for Incapacity Do You Get Your Cash?
There’s a ready interval. Often, it could actually take 5 months for advantages to receives a commission, with the primary cost arriving the sixth full month after the date the SSA decided your incapacity started.
So, for instance, if the SSA decided that your incapacity started on June 15, 2022, and also you utilized on July 1, 2022, your first profit could be paid for the month of December 2022.
The Backside Line
You must apply for Social Safety incapacity advantages as quickly as you change into disabled. The applying course of can take three to 5 months, in line with Social Safety, and counts as a part of the obligatory ready interval of 5 months after the onset of your incapacity.
You’ll be able to apply on the Social Safety web site or by calling 1-800-772-1213.