Disability and Retirement Benefits Can Be Calculated Online
It can be difficult to determine how much disability or retirement benefits you may be entitled to. Fortunately, the SSA has developed many online resources for individuals so they can have access to this valuable information.
The amount of your disability benefits will be determined by your average lifetime earnings.
The first thing you should do when planning your retirement or considering disability benefits is to create a My Social Security account.
How do I set up My Social Security Account?
- To set up an account you will need a valid email address.
- Once you have a valid email address visitssa.govand select “Sign In/Up” located in the top right corner.
- You will be redirected to a new screen. Once you get to this screen click on “Create a new account” which is located at the bottom of the page.
- Next, you will have to provide some personal information to verify your identity.
- Lastly, you will be asked to create a username and password to create your account.
If you have any questions relating to your My Social Security account, you can call Social Security’s toll-free number at 1-800-772-1213.
Once you create a My Social Security account, you can then apply for retirement, disability, and Medicare benefits. You can also check the status of an application or appeal online.
Tools available on the Social Security’s Website to calculate your benefits.
Once you create an account, you will be able to use the Social Security’s benefit calculator.
These calculators will use your official earnings record to help give you the most accurate numbers of what your benefit amount will be.
How SSD Payments Are Determined.
Your disability payment will increase the more you work or have worked in the past.
If you are a disabled widow or widower, the amount will depend upon how much your late spouse worked or earned in the past.
These payments come from Federal Insurance Contributions Act (FICA) taxes and are withheld from your wages.
You can also visit the SSA’s website here and use one of the many online calculators they provide.
Benefit amounts are not based upon past earnings. Recipients of Supplemental Security Income (SSI) must meet the program’s income and asset restrictions.
The SSA establishes SSI benefit amounts each year. The amount you will receive is the established amount minus any countable income. Countable income is your total income minus any allowable income exclusions for both earned and unearned income. The monthly maximum Federal amounts for 2022 are $841 for an eligible individual.
Disability Benefit Eligibility.
To understand what benefits you may qualify for, contact the Social Security Disability lawyers at Berger and Green.
If you are considering applying for disability benefits or have been denied, you need an experienced disability lawyer.