Checks from Social Security are available to people with a disability who meet all the requirements the administration establishes. Thanks to COLA – Cost of Living Adjustment, these payments received an increase. They went up by 8.7 last January 2023. Social Security Disability Benefits have a maximum amount.
This increase means that SSA Benefits will go up by 140 dollars on average. That is an important boost per month because of the skyrocketing prices of most things consumers need to buy. It might seem like a quick fix but it will definitely come in handy for many needy families. The larger the check, the better.
People with a disability can collect SSI – Supplemental Security Income checks. If you are an individual, you could earn as much as 914 dollars per month. That makes a total annual amount of $10,970.44. This would definitely be a relief for those who cannot work because of a disability. In 2022, it was just $10,092.40.
How much can we earn if we are an eligible couple?
Those who are eligible couples can earn $1,371 each month. So, that is the amount of this check for couples that could get a maximum of 16,453.84 annually. Last year, they could get as much as $15,136.93. Therefore, they can enjoy the 8.7% COLA increase that Social Security Administration carried out in January.
If you are an essential person, the amount will be lower though. If that is your situation the amount you could get is $458. In a year that could mount to $5,497.80. Although it was a lower amount last year and it was also increased from $5,057.77. Remember that these figures have nothing to do with SSDI.
These amounts are just for Supplemental Security Income or SSI monthly payments. For instance, if you collect Social Security Disability Insurance or SSDI the maximum amount you could collect is 3,627 dollars. As you can see, it is much more than the amount for the Supplemental Security Income check.
How can I work out the Social Security Disability Insurance check?
Before working out what you could get for your Social Security Disability Insurance check, make sure you meet the requirements. The easiest and fastest way to calculate the amount you are entitled to is by using the Online Benefits Calculator. This tool will let you know the approximate amount when filled in.
To use this Benefit Calculator and check the corresponding amount you need your earnings history. Request an online Social Security Statement to do so. To get it, you just need to have access to your my Social Security account. Do not worry because this tool has been recently updated, so it is very accurate.
Some people may fear they are providing sensible information, but Social Security encourages you to close the browser once you finish. In this way, you can protect all this personal information. It could be faster if you use your my Social Security account and link your earnings database.
Which information do I need to provide to work out the amount of my Social Security Disability Insurance check?
In the first place, you will need your birth date. That is important because it affects the amount you get for benefits. Then, you will need to select the age when you would like to retire. In this way, you can also see how much you would get in retirement. Retiring at the age of 62 will reduce your benefit.
Then you can choose whether to see the amount in today’s dollars or with inflation. That will be helpful to see the growth in the future dollars. Then, you will need to provide information regarding your annual earnings in the previous years. This year’s earnings are also necessary, so put in the approximate figure.
Then, you will have to include what you expect to earn in 2024 onward. That will be the final step. Clicking on Calculate Benefit will allow you to see three things. Retirement insured status, disability insured status, and Survivor insured status. Of course, the amount of your benefit check will be shown too.
What requirements do I need to qualify to get SSDI checks? Not everyone can apply for Social Security Disability Insurance. Bear in mind that you must have worked for at least five years. Those five years you have worked must be within 10 years. Needless to say that as you worked, you paid taxes to Social Security. If you do not meet these two requirements, you cannot claim it. No doubt, medical certificates will be essential to prove you cannot work.