What’s the average monthly Social Security disability payment?
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What’s the average monthly Social Security disability payment?

On Behalf of | Jan 7, 2021 | Social Security Disability (SSD)

Many retirees in Indiana and across the country depend on Social Security benefits for survival. In 2021, the estimated monthly Social Security benefits are $1,277 for a disabled American with no children. For a disabled American with a spouse and children, the benefits add up to $2,224. The SSA follows strict criteria to determine who is eligible for the benefits and how much they will receive annually.

What are Social Security disability benefits?

Social Security disability payments are monthly payments made to disabled workers by the Social Security Administration. The disabled workers need to have worked for years paying Social Security taxes for them to earn benefits. Additionally, their medical condition needs to last for more than a year. The benefits are not only for disabled workers but also for their spouses and children.

How to calculate Social Security disability payments

Social Security disability payments are unique for everyone. To calculate the payments for every individual, the SSA uses a formula based on a person’s retirement benefits and the Social Security taxes paid. To see your Average Indexed Monthly Earnings, or AIME, you can check the annual Social Security Statement.

Disability backpay

When most applicants get the approval letter from the SSA, they are eligible for back payments. However, the number of months of backpay depends on when you applied for Social Security Disability Insurance. In addition to the backpay benefits, you are eligible for retroactive payments of up to 12 months. If your disability started long ago, you might not get the months of benefits before the onset of your disability.

Social Security disability payments are essential in boosting your income if you are disabled. You may want to contact an attorney to guide you in applying for these payments.