If you are suffering from a physical or mental disability that prevents you from being able to carry out gainful activity, you may be entitled to Social Security benefits. There are two types of social security benefits programs for the disabled. Social Security Disability Insurance benefits (SSDI) is available to people who have worked and paid enough into the system. Supplemental Security Income (SSI), however, is assessed on a needs basis. SSI applicants need to show that their family income and resources are below a specific amount.
The following is an overview of the income and asset limits in place for those wishing to successfully apply for SSDI or SSI benefits.
SSDI income limits
Since SSDI benefits are mostly concerned with the work credits that you have gained in the past, the benefits program does not take into account your bank balance or your assets. The program does not put a cap on unearned income. However, you cannot receive benefits if you earn more than $1260 per month in 2020 (or $2110 if you are blind).
SSI income limits
SSI benefits are directed toward disabled people who don’t meet the requirements for SSDI and have little financial resources, including children. In cases where a married person files, their spouse’s income and recources have to be assessed. For children, a parent’s income has to be considered. It’s important to understand that many types of income and assets may not count against you, however, so it is wise to talk with SSA about the specifics.
If you are unable to work, you should take action to get the Social Security Disability benefits that you deserve. The application process for Social Security benefits can be complex, and you must ensure you have a full understanding of what information needs to be provided.