22 Apr How Much In SSDI Benefits Can I Receive?

One of the main things for people who file Social Security Disability claims want to know is how much they can receive. The answer to that is not as straightforward as you would think, there are many parts that go into estimating what your monthly benefits would be if you had successfully been granted benefits and won your disability claim. 

The Social Security Administration has set up a system that calculates your monthly earnings by taking in the amount you have paid into social security over the years of working. Also, the date in which you applied and the date of when your disability started also factor into this. Remember, whenever you may become disabled, you should immediately file your claim as waiting can only hurt you from greater potential monthly benefits. 

For the year 2020, the maximum amount of monthly benefits you could receive is $3,011 and the average monthly benefits sits around $1,250. There was also a 1.6% increase in benefits for the year of 2020. Again, this is dependent on things like your age, disability, amount paid into social security, etc. Also, your disability being as important as it is, also needs to be a disability that will require you to be out of work for at least 12 months. 

According to the Social Security Administration, you will not qualify unless you meet these requirements as well as your disability must be listed in the Social Security Administrations “blue book” to qualify. 

The listing of disabilities that qualify you can be found online. After that, once you have hopefully won your claim, your number of payments on a monthly basis will be determined by the date of when your disability occurred and when you filed so keep this in mind.

For more information please contact Victory Disability at (866) 350-7229 or feel free to use our free benefit tool here. https://www.vetsdisabilityguide.com/blog-lp