Continued eligibility for Social Security Disability Insurance benefits depends on many different factors. These include your ability to work, your living situation and any income and resources you have earned. Needless to say, the two disability benefit programs – SSI and SSDI – vary. What may disqualify an SSI recipient may not disqualify an SSDI recipient. For more information on how an inheritance will affect your SSDI payments, please continue reading, then contact an experienced New Jersey SSD attorney now. Some questions you may have include:

Will you lose your SSDI benefits if you receive an inheritance?

If you remain eligible for Social Security Disability Insurance benefits, nothing will happen to them if you receive an inheritance, because the Social Security Administration bases your SSDI benefits on your work record prior to becoming disabled. In other words, your Social Security Disability Insurance benefits do not depend on how much money, assets or resources you have at any given time.

What income may affect your SSDI payments?

The only sources of income that may potentially affect your SSDI benefits are any wages that you earn through employment. The Social Security Administration could lower or eliminate your monthly payments as a result of you engaging in substantial gainful activity. As of 2022, the Social Security Administration considers “substantial gainful activity” as earning $1,350 or more in one month. You may have to report this income to the Social Security Administration if you begin working while receiving SSDI benefits.

Must you report an inheritance to the Social Security Administration?

If you only receive Social Security Disability Insurance benefits, you do not have to report your receipt of an inheritance to the Social Security Administration. The law requires only those who receive Supplemental Security Income benefits to report any income, earned or unearned, to the Social Security Administration. The reason for this is that, unlike Social Security Disability Insurance, Supplemental Security Income is a needs-based program. Those receiving Supplemental Security Income can’t possess more than two thousand dollars in assets as an individual or three thousand dollars in assets as a couple without informing the Social Security Administration.

What is the difference between SSDI and SSI?

The major difference between the two is that age, disability and limited income and resources determine one’s Supplemental Security Income benefits, whereas disability and work credits determine one’s Social Security Disability Insurance benefits.

If you have any further questions about this or other SSD-related topics, please speak with Sheryl Gandel Mazur, Esq. as soon as possible.

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