Will I bring in enough money to make ends meet?
After an injury or illness causes partial or permanent disability, you need to know exactly how much money you will be able to receive from a monthly Social Security disability payment while you are residing in the State of Florida. After an accident or injury, there are mounting medical bills to pay as well as and day-to-day expenses. It can be a time of high anxiety if you are no longer able to work. If you have been disabled, it is important to understand how disability payments work, and how much you will expect to receive each month.
There are two types of disability payments. Social Security Disability Insurance payments (also known as SSDI), and Supplemental Security Income (known as SSI). These acronyms may be familiar, but each program differs from the other slightly.
SSDI benefits are paid to those who have worked and have accumulated a specific number of work credits. Monthly payments will be based upon your earnings before your disability. SSI payments are based solely upon financial need. To qualify you must have $2,000 in assets ($3,000 if you are married), and have a very limited income.
SSDI payments are formulated based on the amount of work credits that you earned up until your injury. These payments will vary based upon the amount of time you worked and your rate of pay. They generally run between $300 per month up to $2,200 per month.
SSI payments are not based on income. These benefits are based upon need only. These payments are a set amount that change each year depending upon factors such as national cost-of-living estimates and the loss or acquisition of any assets. These payments can be between $700 per month up to $1,000 per month.
If you have been the victim of an injury, motor vehicle accident, or sudden illness, contact an experienced New Port Richey Social Security Disability attorney to better understand your SSI or SSDI benefits.
New Port Richey Social Security attorney Joseph Rooth, has extensive knowledge and experience regarding Florida SSI and SSDI processes and claims. Attorney Rooth is a member of the National Organization of Social Security Claimant’s Representatives and knows how to get you the benefits you need. Contact us at 727-849-3400 or simply fill out a contact form. Offices in New Port Richey, Spring Hill, Seminole and Clearwater.