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November 20, 2019

How Much Will My Social Security Disability Payments Be?

How much will my Social Security disability payments be?  This is a question I hear very often.  It is an important question, but not one that is easily answered until you win your claim.  There are many factors that go into calculating your disability payments from the Social Security Administration.  It is important to remember there are two distinct programs that can pay disability payments: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Social Security Disability Insurance payments are based on your average earnings over a period of years.  Your contribution to the Social Security trust comes from FICA tax withholdings taken from your earnings.  In other words, any money that you receive and do not pay taxes on is generally not providing for SSDI benefits.  Further, the severity of your disability does not impact the amount of money you will receive.  Rather, the more you pay into the system, the more your payments will be.  Periodically, the Social Security Administration will mail out benefit estimates that may give you an idea of what your monthly disability benefit could be. Your actual monthly payment amount will be determined by the SSA after winning your claim, and you should receive an award letter detailing these payments. Supplemental Security Income benefits (SSI) are paid out on a financial need basis.  What this means is the Social Security Administration will determine your monthly payments by considering other monies and resources that you may have available to you.  Resources such as money you earn through working, your living arrangement, and other money you receive from additional sources are among just a few of the factors that are taken into consideration.  If you win your SSI claim, the Social Security Administration will conduct a resource interview with you to determine your monthly payments.  The … Continued

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