Understanding SSDI Benefits: How to Calculate Your Monthly Payment

Miami, Florida – Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) play a crucial role in providing financial support to individuals unable to work due to physical or mental disabilities.

When applying for SSDI benefits, the payment is calculated based on the individual’s average earnings before becoming disabled. This means that individuals who contributed more taxes on their wages will receive higher payments, regardless of household income or the severity of their disability.

To qualify for SSDI benefits, individuals must be earning less than $1,350 a month, be unable to work full-time, have been out of work for at least 12 months, and have worked at least five of the last 10 years.

Calculating the SSDI benefit involves determining the Average Indexed Monthly Earnings (AIME) and the Primary Insurance Amount (PIA). The AIME is calculated using up to 35 of the individual’s working years, and the PIA is the base amount of the benefits, calculated using percentages of the AIME and bend points that change each year.

In 2020, the average SSDI benefit amount paid out was $1,258 per month, with the highest earners receiving payments of $3,011. Individuals can use a calculator on the Social Security website to estimate their expected payment.

For those applying for Social Security disability benefits, it is recommended to seek the guidance of an attorney specializing in disability and Social Security to ensure their application maximizes their entitlement.

Understanding the criteria and calculation methods for SSDI benefits is essential for individuals with disabilities who rely on this support system to meet their financial needs. By seeking expert advice and utilizing available resources, applicants can ensure they receive the maximum benefits they are entitled to.