Disability Compensation Benefit Calculation
Calculating your disability benefit compensation may be easier than you think if you seek qualified help during the process. Your disability compensation benefit calculation is based on two main elements: your date of birth and your history of earnings. A Freedom Disability advocate can help you calculate your benefits.
Benefit calculators can provide you with both general and detailed information regarding your disability benefits. You will receive the most accurate depiction of your benefits if you enter as much specific information as possible.
Receiving Disability Compensation
If you are not certain of your exact earnings amount, a Freedom Disability expert can walk you through the process of inputting your complete history of earnings.
It is critical that you include the age you plan to retire (or stop working) in the benefits calculator in order to receive the most precise disability compensation benefit calculation possible. Each quarter that you have earned income that pays into the FICA system has contributed to your benefits, which determines your benefit compensation.
Social Security Disability Insurance can pay out more than $1,100 on average each month depending on a qualified individual’s earnings record. Receiving this cash benefit can help ease your mind after you become disabled and can no longer work.
Length of Disability Compensation
Your disability compensation should continue as long as you are deemed disabled by the Social Security Administration. If you continue to struggle with a medical condition that prevents you from working, then you are still disabled.
Know that the Social Security Administration will occasionally review your medical impairment after you have been approved for benefits. It is up to you to inform Social Security on the status of your condition and whether you are healthy enough to return to work.
If you are not certain of the severity of your condition, take the time to speak with your doctor and review your medical records. Having a good idea of the status of your condition is not only beneficial for your health, but also for redeeming disability compensation.
If your medical condition improves, you can still receive benefits, as the Social Security Administration will not stop all benefits immediately. You will be eligible for a Trial Work Period – lasting nine out of 60 consecutive months – where you can make up to $670 each month and still receive disability compensation.
You may also receive extended eligibility for the first 36 months after the Trial Work Period, during which Social Security will give you cash benefits if your monthly earnings fall below $780.
Contact an Advocate at Freedom Disability today at (800) 298-6885 to get started on your disability compensation benefit calculation.