What is Social Security Disability Insurance?

Social Security Disability Insurance (SSDI) is a government program that offers income assistance to those who can’t work as a result of a disability. SSDI pays a monthly allowance based on an average of your enrolled past earnings.

SSDI’s enrollment standards are more rigorous than those for private companies and does not apply to people with disabilities that can still work in a different field of work.

Qualifications Required for Social Security Disability Insurance

  • A physical or mental condition must be serious enough to keep you you from taking part in any activity that provides monetary compensation, not just your current job.

  • That physical or mental condition must last a minimum of twelve months or be expected to end in death.

  • You must be under the age of 65.

  • You must have earned twenty social security credits in the ten years prior to your disability onset. If you are over the age of 42, you must earn an additional credit for each year above 42.

How do I apply for SSDI?

You can start your application for SSDI online, but you are likely going to have to either mail in or bring in documents to the closest Social Security office. Your disability must be diagnosed and documented by a doctor before you can get the social security insurance.

How long will it take to hear back?

SSDI applications can take between 90 to 120 days to process. If you are rejected and you want to appeal the decision, it can take a year or longer. During the application process you will need to provide your own income through either savings or private insurance.

How likely am I to receive benefits from SSDI?

Only about 40% of people who apply for SSDI have their claims approved, so SSDI is not recommended as a primary method for disability coverage.

If my application is accepted, how much money will I get every month?

SSDI benefits are calculated using past earnings to determine the payment amount you will receive. The SSDI benefit will be less than 60% of your pre-tax income, so shouldn’t rely on SSDI as your only source of disability insurance and disabled benefits.

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