SSD Benefits Pay Chart
When you have become totally disabled due to an injury or medical condition, you may be eligible to receive disability benefits from the Social Security Administration. The dollar value of the SSD benefits will depend on factors such as which program you qualify for, your pre-disability income, and any income you continue to earn while disabled.
For over 20 years, disability attorney Robert Alston and his team at The Disability Law Firm, P.A., have worked tirelessly to secure the rights of injured and disabled individuals in Dade City and throughout Pasco County and Polk County, Florida. When you choose our firm to help you with your Social Security disability claim, you can expect us to treat you like family. We keep regular contact with you throughout your claim, proactively keeping you updated on the progress of your benefits claim, and always making ourselves available to speak with you by phone, text, or email.
2022 SSD Benefits Pay Chart
When you are applying for Social Security disability benefits under either the Social Security Disability Insurance (SSDI) program or the Supplemental Security Income (SSI) program, you will want to know how large of a benefit payment you might expect. But you should also know that your benefit payment amount will change yearly.
In most years, you can expect your disability benefits to increase, with the size of the increase depending on economic conditions and inflation. The Social Security Administration also sets a schedule each year for when disability benefit recipients can expect their benefit payments to be sent out.
The information below can help you determine how much money you can expect from your SSD benefits and when you can expect you receive benefit payments once you are approved for an SSD program. You can also contact The Disability Law Firm, P.A., to speak with a Dade City disability lawyer to get help determining what kind of SSD benefits you might be entitled to.
When Are Social Security Disability Payments Sent Out?
In 2022, the Social Security Administration has scheduled benefit payments to go out on certain days of the month based on your birth date:
- If your birth date falls on the 1st to the 10th, benefits are paid on the second Wednesday of the month.
- If your birth date falls on the 11th to the 20th, benefits are paid on the third Wednesday of the month.
- If your birth date falls on the 21st to the 31st, benefits are paid on the fourth Wednesday of the month.
Supplemental Security Income benefits are typically paid on the first of the month, although January’s benefits usually are paid on the 30th or 31st of the preceding December. If you receive both SSI and Social Security, SSI benefits are paid on the 1st while Social Security is paid on the 3rd.
How Are Monthly SSDI Payments Determined?
Social Security Disability Insurance is provided to individuals who become totally disabled from gainful employment. To qualify for SSDI, you must have earned sufficient work credits based on your age and have sufficient recent work history before the onset of your disability.
The Social Security Administration uses a formula to calculate your monthly SSDI benefit. Your payment will be based on your lifetime earnings that have been paid into the Social Security system. The formula for determining your SSDI payment starts with your average indexed monthly earnings (AIME), based on the indexed covered earnings from up to 35 years of your work history. The SSA uses your AIME to calculate your primary insurance amount (PIA). Your PIA is the sum of three different percentages of portions of your AIME.
The SSA provides an online calculator that you can use to determine how much your monthly SSDI payment should be.
How Are Monthly SSI Payments Determined?
Supplemental Security Income is designed to provide benefits for low and no-income disabled or blind individuals regardless of their work history. Disabled individuals may qualify for the SSI program when they have less than $2,000 in non-excludable assets or less than $3,000 in non-excludable assets together with their spouse (including a working spouse’s income).
SSI payments are based on the maximum federal benefit set by law every year. In 2022, the maximum monthly federal benefit rates are:
- $841 for an eligible individual
- $1,261 for a married couple with both spouses eligible
- $421 for an essential person
Certain income or earnings you receive may be deducted from the maximum federal benefit to calculate your monthly SSI payment. These deductions include:
- The first $20 per month of earned or unearned income
- The first $65 of earned income, such as from employment
- One-half of the remaining balance of earned income
The Social Security Administration may also make deductions to account for your living arrangements, such as if you receive free room and board in someone else’s home.
What Are Cost of Living Adjustments, and How Do They Change Benefits?
The Social Security Administration typically makes the annual cost of living adjustments (COLA) to the amount of Social Security disability benefits. The COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. It is designed to ensure that disability benefit payments stay aligned with inflation.
In years of economic downturn or deflation, the Social Security Administration may adopt a zero or negligible COLA. That means that Social Security disability benefits will never be decreased.
However, in most years the Social Security Administration will announce a positive COLA, increasing everyone’s disability benefit payments by the COLA percentage. From 2021 to 2022, disability benefits were increased by 5.9 percent.
Contact Our Experienced Dade City Social Security Disability Lawyer Today
If you may be entitled to Social Security disability benefits, get the legal assistance you need to secure your rights. Contact us online or call The Disability Law Firm, P.A., today for a free, no-obligation consultation with an experienced Dade City Social Security disability lawyer to review your legal options.