When it comes to Social Security Disability Insurance (SSDI), understanding the payment schedule and eligibility criteria is important to plan your budget in advance. Your financial security may depend on it. Social Security disability benefit payments are typically disbursed on the second, third, and fourth Wednesday of each month. Now, the way in which the beneficiaries are grouped on the different Wednesdays of the month is done based on the birthday dates of each individual.
On the second Wednesday, those SSDI beneficiaries who were born between the 1st and 10th of any given month will receive their payment. Payments are sent on the third Wednesday to those who have birthdays between the 11th and the 20th of any given month. The third group is made up of those who meet between the 21st and 31st of any given month, and will see their payments on the fourth Wednesday.
October 2023 SSDI Payment Schedule: Mark Your Calendar to Expect Your Money
According to what was previously established by the Social Security Administration (SSA), this is how the SSDI benefits payment schedule was for the month of October 2023:
- If your birthday falls between the 1st and the 10th of your birth month, your October SSDI payment will be issued on the second Wednesday in October (October 11th).
- For individuals whose birthdays fall between the 11th and the 20th of their birth month, the October SSDI payment will be made on the third Wednesday in October (October 18th).
- If your birthday falls after the 20th of your birth month, you can expect to receive your October SSDI payment on the fourth Wednesday in October (October 25th).
Who Can Apply for Social Security Disability Insurance (SSDI)?
To qualify for SSDI, several crucial eligibility criteria must be met. Firstly, one must have accumulated a sufficient number of work credits based on their employment history, typically requiring a minimum of five years of work history with Social Security tax contributions made within the last decade.
Secondly, the applicant must have a disability that aligns with the Social Security Administration’s (SSA) defined criteria, meaning it impedes their capacity to engage in substantial work and is expected to endure for at least 12 months or result in death.
Additionally, SSDI applicants must be below the full retirement age, which varies depending on their birth year. Those who reach full retirement age will transition to Social Security retirement benefits. Moreover, they should not be involved in substantial gainful activity (SGA), meaning their current income must not surpass the specific threshold set by the SSA (check the latest thresholds in the official SSA’s website).
Providing comprehensive medical evidence is another requirement the SSA will ask for: you’ll have to submit medical records, doctor’s reports, and other medical documentation to substantiate the gravity of the disability and its impact on their work capacity. Lastly, the disability must be anticipated to persist for a minimum of 12 months or be classified as terminal to be eligible for SSDI benefits.