When you apply for and are granted Social Security Disability (SSD) benefits, you will receive a monthly payment. That payment is intended to cover the money you have lost as a result of your disability and your inability to work. Our law firm understands what you are going through and we are here to help and support you during this time.
SSD benefits function as an insurance program for workers who pay into the Social Security system each year. These benefits are based on the amount of “credits” you have earned or paid to the system. According to the Social Security Administration (SSA), a quarter of coverage (QC) or credit is the basic unit for determining whether a worker is insured under the Social Security program.
“The amount of earnings required for a quarter of coverage (QC) in 2010 is $1,120.”
The number of credits needed to qualify for benefits varies depending on your age at the time of your disability. In general, 40 credits are needed, 20 of which need to be earned in the last ten years up to the time of your disability. If you have the sufficient amount of credits (you can earn up to four per year) and the SSA deems you to be disabled, you may qualify for benefits.
The SSA offers benefits calculators you can use to determine your approximate benefit regardless if you are applying for retirement, disability, or survivor benefits. You can access those calculators here or contact our Social Security Disability lawyers who can advise you about your benefit. Call Fleschner, Stark, Tanoos & Newlin today at (866) 684-3388 or fill out a free online consultation form now.
If you are currently in receipt of other earnings such as pensions, other retirement benefits, or any type of state, federal, or local benefits, these earnings may affect your benefits from Social Security. It is important that any additional earnings are reported to the SSA to maintain your benefit. A Social Security Disability lawyer can help you determine what information needs to be reported to the SSA.