Again, yes! Sort of. In a prior blog entry, I discussed what impact working may have on drawing Disability Insurance Benefits (DIB). To complement it, I thought I would today focus on what impact working may have on drawing Supplemental Security Income (SSI) benefits.
To reiterate, there are two sorts of Social Security Administration (SSA) disability benefits that I handle in my practice: DIB and SSI. DIB monthly monetary dispersals are tied to what you have paid into the system while SSI benefits are needs based.
This is a very important distinction as if an individual or couple have too many assets or the individual or household’s income is too great it may zero out the SSI monthly monetary dispersal regardless of how ill an individual is. By way of comparison, there is no offset of DIB monthly monetary dispersals regardless of same.
The Benefit Eligibility Screening Tool is a quick and easy instrument to utilize that can usually give you a quick answer as to whether or not you qualify for SSI. Based on a variety factors, the monthly monetary dispersal for SSI can be reduced gradually. For 2018, the maximum an individual can draw is $750 per month, $1,125 for a couple. However, as long as an individual or couple are still drawing $1 a month they are still eligible for Medicaid, which is an extremely important item to note as it covers both treatment and medication costs.
If you or your child have been denied SSA disability benefits or suffer from a severe impairment that is expected to last for more than twelve months and that prevents you from doing any of your past or other work or is causing developmental delay in your child, please contact our office nearest to you to set up a free consultation appointment to discuss your situation.