How much can you earn while receiving social security disability? This is a common question among individuals who are unable to work due to a disability and are relying on Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits. Understanding the income limits and how they affect your benefits is crucial for those who want to maintain their financial stability while receiving these crucial support systems.
Social Security Disability Insurance (SSDI) is a federal insurance program that provides monthly benefits to individuals who have worked and paid into the Social Security system and are unable to work due to a disability that is expected to last at least one year or result in death. The amount of SSDI benefits you receive is based on your average earnings over the course of your working career.
When it comes to earning while receiving SSDI, there is a significant limit known as the Substantial Gainful Activity (SGA) limit. For the year 2023, the SGA limit for SSDI beneficiaries is $1,350 per month. If you earn more than this amount, you may be considered no longer disabled and could potentially lose your SSDI benefits.
However, there are some exceptions to this rule. For individuals who have been receiving SSDI for at least 24 months, there is a trial work period that allows them to earn more than the SGA limit without risking their benefits. During the trial work period, which lasts for nine months, you can earn up to $910 per month in 2023 without affecting your SSDI benefits. After the trial work period, your benefits will be reviewed, and if you continue to earn above the SGA limit, you may lose your benefits.
Supplemental Security Income (SSI) is a needs-based program that provides monthly cash payments to individuals who are disabled, blind, or aged 65 or older and have limited income and resources. The SSI program has a different set of income limits compared to SSDI. For the year 2023, the income limit for SSI beneficiaries is $1,350 per month for an individual and $2,040 per month for a couple. These amounts are adjusted annually.
Similar to SSDI, SSI beneficiaries also have the trial work period, which allows them to earn more than the SGA limit without affecting their benefits. The trial work period for SSI beneficiaries lasts for 36 months, and during this time, they can earn up to $910 per month in 2023 without losing their SSI benefits.
It is important to note that while receiving SSDI or SSI benefits, you may still be eligible for other forms of financial assistance, such as Medicaid or food stamps. These programs have their own income and resource limits, which can vary by state.
In conclusion, the amount you can earn while receiving social security disability benefits depends on the type of benefits you are receiving and the specific income limits set by the Social Security Administration. Understanding these limits and how they affect your benefits can help you make informed decisions about your financial future. Always consult with a Social Security representative or a financial advisor to ensure you are maximizing your benefits while maintaining your financial stability.
