Do you qualify for the social security disability benefits? If you are eligible for disability insurance benefits, you need to hire a qualified and experienced attorney. In case, you cannot work due to some injury, illness, you must apply for social security disability insurance benefit and even social security insurance. Defining disability is pretty complicated since even those who are badly injured may find it tough to get the benefits from disability insurance. If you are eligible for state disability online, the question that arises at this point is how much benefit you can get. The amount of benefit that one can get is based on average lifetime income prior to disability. It is not at all based on how far you are injured or what is the severity of injury. Most of the recipients of Social Security Disability Insurance get something as $1000-$2000 every month. If the disability benefit is also received from other sources, the benefit will be slashed down.
How to calculate the disability benefit payment?
The amount of benefit or cash benefit an individual gets out of Social Security Disability is different for every individual. SSA or Social Security Administration uses weighted and complex formula to calculate the benefits that every person is going to receive. In the year 2016, the maximum benefit may go up to $2639 and not more. The SSA also bases the disability benefits and retirement benefit on the income amount on which social security taxes are paid. These are called the covered earnings and its average is known as AIME or average indexed monthly income. To calculate the PIA or primary insurance amount, the standard formula is used to AIME. SSA will use the base figure in setting up the benefit amount. The formula comprises fixed percent of various income amounts called the bend points which may be adjusted every year. For instance, in the year 2016, 90% of the AIME coming around to $856 may be added to the PIA plus the 32% of AIME from $850 to $5157 along with 15% of AIME over the $5157 can be added to calculate the PIA amount.
How to know the covered earning history?
If you wish to check out the entire covered earning history, you may check out the social security statement. Social Security will be sending out oriented statement of social security benefit every 5 years to the ones not even getting the benefit. It is also sent to the individuals having the age of 60. The statement may also be checked online by visiting the SSA official website. You may also use the Social Security Administration online benefit calculator. Apart from this, you can call social security office representative to know the amount.
When can the disability benefit get reduced?
If you are getting benefits from long-term private insurance disability policy, the benefits will not affect the SSDI benefits. But then, if the benefit is government regulated like the worker compensation, they can impact the SSDI benefit. So, you may not receive more than 80% of the average benefit amount.
A lot is dependent on the SSDI amount monthly. For how many months you receive the back payments is dependent on application date. To know more, click here.