The Social Security system helps older and disabled individuals when they are unable to work as they once did, and Detroit disability attorneys understand the nuances of Social Security and retirement. Understanding when to collect retirement benefits and how Social Security disability benefits affect that decision is important.
Social Security Retirement
Workers pay for this benefit while they are working. When they reach retirement age, the amount they paid over time is paid back to them in divided monthly payments. The more you paid into the system, the greater amount you receive after retirement.
Full and Early Retirement Benefits
The benefit amount you receive depends on the age you start to accept benefits. Depending on the year you were born, the full retirement age varies from 65 to 67. Asking your disability attorney about whether early retirement is a good idea in your case will help you decide. If you decide to accept retirement benefits earlier, you will receive a lower amount each month. The amount you receive depends on your age when you do this, and the earliest you can opt for Social Security retirement benefits is when you reach 62.
Receiving SSDI Benefits
Being disabled affects collecting retirement benefits and vice versa. There are several factors involved, and Detroit disability attorneys can help you decide what is best in your case. Let’s say you were disabled due to a health problem prior to your early or full retirement age. In this case, if you are deemed eligible for SSDI, you will receive a monthly payment that is the average of the highest paid years you worked divided by the number of months. However, other factors are involved in determining the amount that use complex formulas, and a disability attorney is able to explain the benefit amount you will receive. Your acceptance for disability income follows strict guidelines, and your application must prove your eligibility to be considered disabled.
How Does Collecting SSDI Affect Social Security Retirement Benefits
When an individual is too young to collect Social Security retirement but is unable to work due to a disability, he or she may be awarded SSDI. Once the individual begins to collect retirement benefits, the SSDI benefits will end. However, the age at which you collect retirement benefits and whether you were disabled before collecting them changes things.
Disabled Prior to Early Retirement
If you are deemed disabled before you reach early retirement age, your benefit amount will not be reduced as it would be if you were not disabled. Normally, the benefit amount is reduced based on the number of years before you reach full retirement age. However, if you were considered disabled before you reach early retirement age, your monthly benefit amount will not be reduced, and you will receive the benefit you are eligible to receive at your full retirement age. In addition, if you became disabled prior to early retirement but had not yet been awarded SSDI, the SSA will give you the difference between your full retirement benefits and, from that point on, continue to pay full retirement benefits. Detroit disability attorneys can help you make sure that you receive the proper payment amount. Another advantage is that the SSA will apply a disability freeze. This means that the amount of time you worked, if lessened by a disability, will not be held against you. In fact, not working due to the disability will not influence your final retirement benefit. For instance, if you worked for 20 years and stopped, the length of time you worked would be used to determine your retirement benefit amount. If, on the other hand, you stopped working because you were disabled, the SSA will configure the retirement benefit as if you had worked the full number of years.
Disability After Starting Social Security Retirement
When an individual becomes disabled after collecting early retirement, the SSA will not provide him or her with the difference between the full retirement benefit amount and that of early retirement. Talking with Detroit disability attorneys is useful. If disability benefits are ultimately denied, you will still receive retirement benefits at a lower amount.
Applying for Disability and Early Retirement
Sometimes, an individual who is disabled and can no longer work will question whether he or she should apply for early retirement. Your attorney can advise you about that choice. If you are awarded SSDI status after you begin collecting early retirement, you can switch to full retirement benefits. If disability is granted, the early retirement benefits might help you in the interim. However, there is no guarantee you will receive an SSDI award and, discussing this with a disability attorney is imperative.
Getting Disability After Age 65
Some individuals are unable to work due to a disability, and do not wish to take early retirement. Normally, a person who meets criteria that are considered disabling can qualify for disability. The criteria or impairments are listed in the Blue Book used by Social Security to determine if someone qualifies. Another way is through the use of a medical-vocational allowance. This assesses your ability to work based on age, work history, and education. In addition, the SSA examiner must include age-related impairments. This can be such things as hearing or visual difficulties, diabetes or arthritis as well as cardiac disease, hypertension, cancer and problems with memory. Moreover, age-related disabilities are less likely to improve within the statutory 12 months used by the SSA when deciding disability cases.
Additional Profiles for Disability
After 65 Some other criteria can be used for individuals to qualify for SSDI if they are older than 65, as well as for younger individuals over 55. For instance, if you are older than 55 years of age and have not worked for at least 15 years, you may qualify if your educational level is at or less than the eleventh grade. In this case, you will be considered to have no work experience. Another profile involves those who worked at an unskilled job involving strenuous labor for 35 years. In this case, the individual must have an educational background of less than or equal to sixth grade.
Consulting Detroit Disability Attorneys to Discuss Your Options
Deciding how to approach disability and retirement benefits may be complex. Rules for determining SSDI may be affected by age, and retirement benefits may be related to disability. Contacting Detroit disability attorneys from Marc J. Shefman at (248) 298-3003 may help you explore your options.