The question posed in this week's blog post is not one that is just being asked by our readers but is one that has been asked by many people across the nation. That's because disability benefits are an incredibly important part to staying financially stable after being diagnosed with a disabling condition or illness. Without these benefits, a person may experience undue hardship financially, making them feel even more frustrated than they already feel.
But as some people in the country have noted, the amount received through Social Security disability -- however beneficial -- may not be as much as one might expect or need. Until the Social Security Administration changes how it calculates benefits though, many people have turned to other benefits programs to help subsidize their incomes.
But can you collect SSDI and other benefits at the same time? Let's take a look.
As you may know, some disability benefits programs pay compensation to an individual who has suffered a work-related injury, while others give benefits for non-work-related conditions. Disability benefits can come from a pension, workers' compensation or even private insurance. But while the SSA does allow you to collect both SSDI and these other benefits at the same time, the type of additional benefits you are receiving will determine how much your SSDI payments will be.
According to the SSA, insurance benefits and private pensions do not affect the amount you receive from SSDI. It's important to point out, however, that the same is not true if you are receiving workers' compensation or benefits from another public program.
When the SSA calculates how much you will receive, they take workers' compensation and public disability benefits into consideration. If the total amount of disability benefits is more than 80 percent of your earnings prior to your disability, then the difference is subtracted from what you would receive through SSDI.
Subtle nuances such as the one above may be relatively unknown by many people, which is why directing questions such as the one we posed in this week's blog post to a skilled lawyer is a good idea. In the end, they can give you the answers you need in order to collect the benefits you deserve.
Source: The Social Security Administration, "How Workers’ Compensation And Other Disability Payments May Affect Your Benefits," Accessed Nov. 13, 2014