When you apply for Social Security Disability Insurance (SSDI), one of main questions might be how much your monthly benefit payment will be. This information is crucial to determine if it’s worthwhile filing as well as knowing if you’ll have sufficient income to survive. However, how your monthly payment is calculated can be complex.
How Are My SSDI Payments Calculated
The severity of your disability will not affect the amount of SSDI benefits you receive. The Social Security Administration (SSA) determines your monthly payment amount based on your lifetime average earnings before you became disabled. Your SSDI monthly benefit amount will be calculated using your covered earnings. These are your earnings where your employer took money out of your wages for Social Security or FICA. The more you’ve paid into social security, the more you can expect to get in disability benefits. So everyone’s monthyl
benefit amount is going to be different.
Your SSDI monthly benefit will be based on your average covered earnings over a a specific period of time which is referred to as your average indexed monthly earnings (AIME). The SSA will use your AIME in a formula to determine your primary insurance amount (PIA). This will be the amount used to establish your benefit.
SSDI payments can range on average between $800 and $1,800 per month. The maximum benefit you could receive in 2021 is $3,148 per month.
Other Income That Might Reduce Your Monthly SSDI Payment
If you receive other benefits, it’s possible your monthly SSDI benefit could be reduced. These other benefits could include:
Yes! Once SSA approves your SSDI claim and calculates your monthly benefit, you should receive a back pay award. The amount of back pay will depend on when you filed your application for SSDI as well as your disability onset date. Its important to seek an experienced attorney lawyer to walk you through the process so you can receive the benefits you deserve.