The Social Security Disability Insurance (SSDI) is a fundamental program that provides financial help to those people with disabilities that impede them to engage in gainful activities. The disability must be severe and long-lasting enough, and is expected to last at least one year or result in death. The SSDI payments are not based on financial need, but on the inability to work due to a disability.
The operation of the SSDI program is based on work history and Social Security contributions. To qualify, applicants must have worked and paid their Social Security taxes during a specific period. In addition, they must meet the established medical requirements to determine their eligibility. Once approved, beneficiaries receive monthly payments that help them cover their basic needs and support them during their incapacity to work.
SSDI Payment Dates: How Are They Determined?
The disbursement schedule for Social Security Disability Insurance (SSDI) payments in September are contingent upon the individual’s birthdate and the inception year of their SSDI benefits. For those who have been receiving SSDI benefits since May 1997 or earlier, their payments will be deposited on the third day of each month. In cases where the third day falls on a weekend or holiday, the payment will be processed on the nearest business day. This group has already received their payment on Friday, 1.
The payment schedule is as follows
For those who are receiving SSDI payments after 1997,
- Birthday falling between 1st and 10th of every month: your payment will be sent out on the second Wednesday of the month.
- Birthday falling between 11th and 20th of every month: your payment will be sent out on the third Wednesday of the month.
- Birthday falling between 21st and 31st of every month: your payment will be sent out on the fourth Wednesday of the month.
In September 2023, the SSDI payments will fall on these specific dates:
Having said that, the payment date for those receiving payments before May 1997 was on September 1st. For those with birthdays between the 1st and 10th of any month, SSDI payments will be issued on September 13th. Those with birthdays falling between the 11th and 20th of any month will receive their payments on September 20th, while individuals with birthdays between the 21st and 31st of any month can expect their SSDI payments on September 27th.
You’ll Get an Extra SSI Payment in September
If you are a recipient of Supplemental Security Income (SSI), you can expect to receive an additional payment in September 2023. Typically, SSI payments are disbursed on the 1st day of each month. However, due to October 1st, 2023 falling on a weekend, the October payment will be issued in advance, on September 29th.
Unlike SSDI, which is based on prior work history and contributions to the Social Security system, SSI eligibility is primarily determined by financial need, disability status, and age. The amount of SSI benefits an individual can receive is based on federal and state regulations, as well as their living situation and income.
How is the amount of SSDI benefits determined?
The amount of Social Security Disability Insurance (SSDI) benefits you receive is primarily based on your average lifetime earnings before your disability began.. It’s also important to note that SSDI is an earned benefit, meaning you must have previously paid into the program and accumulated enough credits to be eligible.
The process of determining the SSDI benefit amount involves several steps:
- Calculation of Average Indexed Monthly Earnings (AIME): SSDI benefits start with the Social Security Administration (SSA) calculating your AIME. This is based on how much you’ve earned and how much Social Security tax you’ve paid while you were working. The SSA adjusts or indexes your lifetime earnings to account for the increase in general wages that happened during the years you worked. The SSA uses up to 35 of your highest earning years in the calculation.
- Determination of Primary Insurance Amount (PIA): Your PIA is the base amount of your benefits. The SSA uses the total of three fixed percentages of your AIME to determine your PIA. The dollar amounts that result from the calculation are called “bend points.” The PIA for someone who becomes eligible for SSDI benefits in 2023 is calculated by taking 90% of the first $1,024 of your AIME, then 32% of the AIME over $1,115 through $6,721, and finally 15% of the AIME over $6,721.
- Adjustments for Other Benefits: SSDI benefits can be reduced if you are collecting other public disability payments, such as state disability benefits or workers’ compensation. There is no reduction for private disability benefits, such as payouts from commercial insurance.
- Cost of Living Adjustments (COLA): Each year, your SSDI benefit may increase due to the Social Security’s annual cost of living adjustment (COLA)