Estimating Your Disability Benefits
Devastating injuries and illnesses can keep you from working and earning the money you need for your living expenses. Thankfully, the Social Security Administration offers disability payments for people who qualify as being disabled. These payments can help replace your lost wages and provide for you and your family.
The Social Security Administration considers several different factors to determine the amount of disability benefits you are eligible to receive. When you apply for disability, you can estimate these benefits as well. To learn more about legal aspects of the disability application process, you should contact an Indiana long-term disability lawyer from Hankey Law Office, today at (800) 520-3633.
Types of Disability
There are two main types of disability coverage, Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Before you estimate your disability payments, it is important to recognize the benefit differences between the two. SSI is meant for those with limited resources, and it covers basic needs such as food and shelter. Thus, benefits are typically less than SSDI, which can come close to replacing a person’s lost wages. In some cases, you can receive both SSI and SSDI.
How Benefits Are Calculated
Because Social Security is often tied to past earnings, your income plays a large part in how much disability you earn. Thus, the more you pay into Social Security, typically the more you can later receive should you become disabled. Additionally, the time span that you work can also come into play. If you are already receiving other benefits like workers’ compensation, this will likely reduce your disability payments.
If you have a disability and believe that the Social Security Administration has not awarded you the amount you deserve, you can appeal this decision. To discuss the appeal process with an experienced Indiana long-term disability attorney, contact Hankey Law Office at (800) 520-3633 today.