How Are My Monthly Disability Benefits Paid?By Kenton Koszdin on September 21, 2018 | In Disability Insurance
If you think you will need to apply for disability benefits now or in the future, it is useful to understand how much you are likely to receive each month in payments. SSDI disability benefit is based on the income you have earned in your working life that was subject to Social Security taxes. Calculating your amount based on the system used is no easy task, unless you have an accurate record of your earnings and taxes for the past 35 working years.
The good news is, the Social Security Administration provides a number of useful online resources that will help you get an idea of your entitlement. You can also consult with a reliable disability attorney, who may be able to help you speed up the claim process.
Primary Insurance Amount
The PIA is the most important factor in determining how much you will receive in disability benefits. There is an exact calculation that is used, based on what is known as the Average Indexed Monthly Earnings (AIME). The SSA is responsible for this calculation and will use the information available to them to provide you with your final payment amount.
However, this calculation is complex and takes a number of factors into account. When attempting to predict your future income from disability benefit, it is important to only use reliable sources. Even then it is difficult to arrive at an exact amount, so you may want to avoid budgeting around a number that you have arrived at through your own calculations. For the most up-to-date calculations used and helpful resources on SSDI payments, make use of the SSA website.
The SSA provides examples of disability payments, based on workers retiring in the current year. This guide will help you determine how much you are likely to receive, based on your personal work history and contributions of Social Security tax. You can access the example page here. It is also possible to access your personal Social Security statement online, by setting up a “My Social Security” account. If you would prefer to discuss payment details with an actual person, you can find relevant contact details on this page.
Why Hire A Disability Attorney?
Although your disability amount is determined by the money you pay into the system, it does not mean that all claims are approved. It is largely up to you to provide evidence of your disability and how it impairs your ability to earn a living through paid work. Doing so is not as simple as providing a diagnosis as part of your application. You will need to fully describe how any pain and symptoms of disabilities prevent you from keeping your current job or seeking employment in another area.
A disability attorney can help you understand the forms you receive from the SSA and how they relate to your disability. Kenton Koszdin Law Office provides expert legal consultation for individuals with disabilities in California. If you are in the process of applying for SSDI, call today to find out how we can help.