Social Security Retirement And Social Security Disability

Social security disability insurance is designed to replace some of this lost income if you have a medical condition and can no longer work.

Social security retirement and social security disability.

Because disability claims take months even years longer to process than retirement claims some people who turn 62 with significant health issues apply for both benefits at once so as to have some social security income while awaiting an ssdi decision. This disability planner page explains how you qualify for benefits if you become disabled. These benefits are paid to the spouse of a worker who receives social security retirement or disability. Social security s spouse benefits are federally funded and administered by the u s.

Whatever your age when you claim social security disability insurance ssdi social security sets your benefit as though you had reached full retirement age. Four basic categories of social security benefits are paid based upon the record of your earnings. In this sense social security disability insurance ssdi can be thought of as a retirement benefit for those who are forced to retire early. It provides replacement income for qualified retirees and their families.

Full retirement age or fra is the point at which you qualify for 100 percent of the benefit social security calculates from your lifetime earnings. If you do collect ssdi disability benefits they will be converted to retirement benefits when you reach full retirement age. Retirement disability dependents and survivors benefits. Social security administration ssa.

You will get a larger disability benefit plus your full retirement benefit at full retirement age. If you are found disabled you are no longer penalized for taking social security early retirement. This disability planner page explains how long and when you need to have worked to qualify for social security disability. To receive ssdi you will need to meet certain criteria.

Social security disability benefits automatically change to retirement benefits when you become full retirement age and the benefit amount does not decrease says darren lutz a. This disability planner page explains the social security definition of disability. Social security is part of the retirement plan for almost every american worker. The disability freeze will limit the effect of zero earnings years.

This disability planner page lists the first two steps in the process of deciding if you are. These benefits all fall under the old age survivors and disability insurance program oasdi which is the official name of social security.