Individuals with disabilities who are in need of financial support can explore their options within the realm of Social Security disability programs, known as SSDI. When navigating this system, it’s crucial to understand that there are two primary federal programs designed to assist disabled Americans and legal residents who fulfill the requirements.
The SSDI program comes into its own as an excellent approach for those who have a substantial work history and a record of paying taxes over the years. It offers financial aid to individuals who have contributed to the system through their employment. The second option to consider is the Supplemental Security Income (SSI) program, but that requires a whole article apart.
How Much Does the Disability Program Allots in 2023?
When it comes to SSDI, this program represents the more remunerative option for individuals with disabilities, offering the potential for higher income compared to the alternative, SSI. The maximum SSDI benefit reaches up to $3,627 per month, a significant contrast to the $914 offered by SSI. Some individuals may even qualify for both programs simultaneously.
As for the average monthly SSDI benefit, it typically hovers around $1,358. To determine your specific SSDI benefits, you can easily create a complimentary account on mySocialSecurity. This platform enables you to calculate precisely what you can anticipate from the Social Security Administration regarding your SSDI benefits, providing you with a clearer understanding of your entitlement.
Can I Work While Claiming SSDI Payments?
The short answer for that is yes, but there’s a catch with that. There are many disabled Americans who continue to work while also receiving SSDI benefits, however, there is one drawback to this scenario: although it is possible to maintain employment while receiving SSDI benefits, the amount you receive may be subject to reduction. The extent of this reduction hinges on your current job’s income. You can gain further insights into the reduction process for disabled American workers on the Social Security Administration website.
Some also wonder if they can lose their SSDI allotments while working, well, no, that’s not a risk. Actually, the SSA has specific rules and guidelines in place to encourage SSDI recipients to return to work and become more self-sufficient.
Under the SSA’s rules, you can engage in what they call “substantial gainful activity” (SGA) without losing your SSDI benefits. SGA refers to a certain level of earnings, and it is adjusted annually. You must check in your local SSA office if you’re enabled to work while claiming your benefits.