On The Subject Of Social Security Impairment: What You Ought To Know Ahead Of Filing For Disability Benefits
A lot of people think of retiring when they hear Social Security, nevertheless Social Security will provide benefits to people who are handicapped as well.
The list of requirements that must definitely be met for Social Security disability benefits is pretty big, and many people don't meet up with those requirements. In fact, the Social Security Administration claims over 60% of applicants are generally denied each year simply because they don't meet the strict classification of disability.
Before filing for disability - tests you must meet to determine whether you are eligible to benefits:
First, you need to be fully insured, which means you have earned 40 credits over 10 years in protected employment. In 2011, you have to earn at least $1,120 to receive one credit and $4,480 to earn four credits (you can only earn four credits in a year). If you have lower than 10 years of work track record, there is an alternative evaluation based on your age to determine if you meet the duration of work test.
The second test is the modern work test, which essentially says that you must have received at least 20 credits within the last five out of ten years that ends with the calendar quarter you became disabled. In general, you would need recent work background in order to qualify for disability benefits. Again, additional tests apply for individuals who become handicapped before age 31, given that they haven't had time to put together the work history that older workers have.
Social Security has a very stringent definition of impairment, so make sure you qualify before filling your Social Security disability application. It's important to note that Social Security is not going to pay benefits based on partial disabilities, you must be totally and irreversibly disabled to be receiving benefits. According to Social Security a person is handicapped when he or she is not able to work because of a medical problem or condition that prevailed or can be anticipated to last for at least one year (continuously), or that will result in the person's loss of life. Also, the person must not be able to participate in any "substantial gainful activity".
If you meet the strict definition of disability above, then you should apply for Social Security benefits as soon as possible. Initially, the time to process your application is extremely lengthy; second, there is a mandatory five-month waiting period, so you will not receive benefits right away when filing for handicap.
On The Subject Of Social Security Impairment: What You Ought To Know Ahead Of Filing For Disability Benefits
Most people think of retirement when they hear Social Security, however Social Security provides benefits to people who are disabled as well. The list of requirements that must be met for Social Security disability benefits is pretty long, and many people don't meet those requirements.
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