When a person becomes disabled unexpectedly, they are shocked into numbness and then wake up to realize their income will drop dramatically, and they must look at all the alternative sources of income available.
What Do I Do Now?
Social Security has a disability insurance program established that provides monthly income to individuals who are, under federal guidelines, determined to be disabled. These individuals are paid a monthly benefit based on whether or not they worked long enough and paid enough into Social Security to be due a check. Social Security uses a sliding age scale to determine how much work is required.
I Was Approved For Disability.
When a person is approved for Social Security Disability Insurance (SSDI), the Retirement Insurance Benefit (RIB) amount is protected on the day they file. It is as if they are filing for early retirement. The difference is that it is possible to receive these benefits as a young adult. The payments continue as long as Social Security examiners determine you are still disabled. For some, this might be a couple of years. For others, it might be until they reach their Full Retirement Age (FRA). At that time, SSDI recipients are reclassified as RIB recipients.
Does My Social Security Disability Stop When I Start Social Security:
The answer to this questions is both “yes” and “no.” Technically, SSDI benefits stop at Full Retirement Age, and Retirement Insurance Benefits begin. However, all of this takes place inside Social Security’s computer system and is basically a change from one identifier to another. There is no increase in benefit amount because the consumer is already receiving benefits at the early retirement rate. Since there is no change in program eligibility options when Social Security Disability transitions into Social Security, no difference is seen or felt.