Here are some basis financial requirements of both programs:
· SSDI financial eligibility is based solely on the Social Security (F.I.C.A.) payroll taxes.
· Resources are not taken into account
· To be eligible for SSDI, the claimant must have paid F.I.C.A. taxes in 20 out of the last 40 calendar quarters (five out of the last ten years). If the claimant is under age 31, that number is reduced. Over age 42, the minimum number of quarters increases approximately one quarter for each year over age 42. 20
· As long as the claimant can meet the payroll tax payment requirement, a claimant may receive SSD benefits if they become totally disabled, regardless of what other income or wealth they may have.
· Resources/Assets must be less than $2,000 ($3,000 for a married couple). 20
· Income is more complicated since it is related to the amount of SSI benefit a claimant is eligible to receive and that varies. Generally, the claimant’s income must be less than the amount of benefit they would be eligible to receive, and SSI will only pay the difference between the claimant’s other income and the amount they would be entitled to receive based on their residence and living situation. 20
My next post will address how much in monthly benefits the Social Security Disability system pays in comparison to the SSI system.
Copyright (c) 2008 by John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Social Security Disability claim, or Veterans Disability compensation or pension claim, call Disability Lawyer John Tucker at (866) 282-5260.