DOES INCOME EFFECT AN SSDI CLAIM?
Can I still get SSDI benefits if I have substantial non-work related income?
If you are not working, Social Security does not consider other types of income when you file an SSDI claim (also called a Title 2 claim).
An individual might have income from alimony, child support, pension, retirement accounts or disability payments from the military or an insurance policy. This type of income does not have an effect on whether you are eligible for SSDI payments.
The key factor is that sources of income are not related to your own personal work. If your spouse works, for example, it does not have any effect on your qualification for SSDI.
In fact, SSDI is not means tested at all. A claimant does not have to prove that he or she is poor, has restricted income or financial resources. It isn't necessary to prove that you need money.
This is not true with Supplemental Security Income or SSI, also called Title 16 benefits, which are means tested. SSI is not the same as SSDI and the rules for the two programs are very different.
SSDI is really an insurance program. When you began working, the government forced you to purchase disability insurance. You may not have been aware of that fact. But out of every paycheck, the government deducted about 7 percent of your pay. These deductions showed up on your pay stub as "FICA." That stands for Federal Insurance Contribution Act, a law that requires you to pay into the Social Security and Medicare trust fund. If you become disabled, you are entitled to file a claim under SSDI, which stands for Social Security Disability Insurance. Therefore, your financial need doesn't come into play with an SSDI claim. It's a matter of collecting an insurance benefit you have bought and paid for, just like you bought a policy on your home or car. Of course, you must meet the conditions of the insurance.
Wealthy persons can qualify for SSDI payments.
An individual's financial status has no bearing on SSDI payments. The claimant must not be working and earning substantial income from work activity, however. Work will be considered "substantial" in 2020 if the claimant is earning at least $1,260 per month before tax. Again, only the claimant's work is counted, not the work of a spouse or other member of the household. It is not income or wealth that could disqualify a person for SSDI, it is work. You can't work and be disabled under the rules. But you can have money and be disabled under the rules.
If you are not working, Social Security does not consider other types of income when you file an SSDI claim (also called a Title 2 claim).
An individual might have income from alimony, child support, pension, retirement accounts or disability payments from the military or an insurance policy. This type of income does not have an effect on whether you are eligible for SSDI payments.
The key factor is that sources of income are not related to your own personal work. If your spouse works, for example, it does not have any effect on your qualification for SSDI.
In fact, SSDI is not means tested at all. A claimant does not have to prove that he or she is poor, has restricted income or financial resources. It isn't necessary to prove that you need money.
This is not true with Supplemental Security Income or SSI, also called Title 16 benefits, which are means tested. SSI is not the same as SSDI and the rules for the two programs are very different.
SSDI is really an insurance program. When you began working, the government forced you to purchase disability insurance. You may not have been aware of that fact. But out of every paycheck, the government deducted about 7 percent of your pay. These deductions showed up on your pay stub as "FICA." That stands for Federal Insurance Contribution Act, a law that requires you to pay into the Social Security and Medicare trust fund. If you become disabled, you are entitled to file a claim under SSDI, which stands for Social Security Disability Insurance. Therefore, your financial need doesn't come into play with an SSDI claim. It's a matter of collecting an insurance benefit you have bought and paid for, just like you bought a policy on your home or car. Of course, you must meet the conditions of the insurance.
Wealthy persons can qualify for SSDI payments.
An individual's financial status has no bearing on SSDI payments. The claimant must not be working and earning substantial income from work activity, however. Work will be considered "substantial" in 2020 if the claimant is earning at least $1,260 per month before tax. Again, only the claimant's work is counted, not the work of a spouse or other member of the household. It is not income or wealth that could disqualify a person for SSDI, it is work. You can't work and be disabled under the rules. But you can have money and be disabled under the rules.
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