Social Security Disability Insurance (SSDI) is one of the most important programs in the United States. It’s desiged specially for individuals whose disabilities prevent them from engaging in gainful employment. This program, administered by the Social Security Administration (SSA), provides monthly financial assistance to eligible individuals, offering much-needed support during challenging times.
To be eligible for SSDI benefits, you need to satisfy certain criteria. Firstly, your disability must be anticipated to last for a minimum of one year or lead to death. Additionally, you must have accumulated an adequate number of work credits from your previous employment to meet the qualifications for Social Security benefits.
SSDI Application Process in 2024: Discover Who Qualifies
If you meet these requirements, you can apply for SSDI benefits online, over the phone, or in person at your local SSA office. Be prepared to gather necessary documentation and familiarize yourself with the application process, as it can involve complexities.
Upon approval, you’ll not only receive monthly disability benefits, but you’ll also become eligible for Medicare, the government health insurance program for individuals with disabilities. SSDI benefits are subject to income restrictions. This means exceeding the “substantial gainful activity” (SGA) limit can result in benefit loss. The SGA limit is adjusted annually based on the National Average Wage Index (NAWI).
Maximum SSDI Benefit You Could Claim This Year
In 2024, individuals with disabilities can earn up to $1,550 per month without jeopardizing their benefits, an increase from $1,470 in 2023. For individuals who are blind, the limit is significantly higher, allowing them to earn up to $2,590 per month, reflecting an increase of $130.
The SSA also offers work incentives to encourage beneficiaries to pursue employment opportunities. The trial work period is a popular option, allowing individuals to test their work capacity for at least nine months without impacting their eligibility.
Notably, beneficiaries receive full disability benefits throughout this period, regardless of their earnings. However, exceeding a specific income threshold within the trial work period can affect benefits. This threshold rises from $1,050 in 2023 to $1,110 in 2024.
Receiving your first SSDI payment can take up to five months after approval. However, the benefit amount reflects your highest 35 years of earnings, ensuring fair compensation for your contributions. Additionally, under certain circumstances, your spouse and dependent children may also be eligible for benefits, offering broader support for your family.