Past Earnings Play Role in Determining SSD... (guarantees income if their condition doe...)

Past Earnings Play Role in Determining SSDI Benefits

Date:7/8/2008

guarantees income if their condition does not improve.

Some of the most common questions SSDI applicants have relate to their benefits, so Allsup has provided the following insights on what to expect.

How much will I receive?
How much someone receives is determined by a complicated formula using the amount of their past earnings that have been subjected to FICA taxes.

The average monthly benefit for an individual was $1,004 in 2007. The maximum monthly benefit for an individual is about $2,000, and the maximum a family can receive is about $3,400 a month.

Allsup offers a Social Security benefits calculator online for individuals interested in getting their estimate right away. The formula involves entering all past earnings that are subject to FICA taxes. This information also is provided on an individual’s annual Social Security Statement. Click here to see a sample statement.

When will I receive my benefits?
The SSDI application process can be lengthy and complicated depending on an individual’s circumstances and disability. The time from initial application to award may last several months to as long as a couple of years, or longer.

For a majority of claimants, the time between being awarded SSDI and actually seeing a check is 60 to 90 days. In a small
'/>"/>

0

GOOD

Page: 1 2 3 4 5
Related medicine news :

1. NHP Announces Second Quarter Earnings Release Date and Conference Call/Webcast
2. Ventas Announces 2008 Second Quarter Earnings Release Date and Conference Call
3. Hospira Hosts Conference Call for Second-Quarter 2008 Earnings
4. Haemonetics Sets Date for First Quarter Fiscal Year 2009 Earnings Release and Conference Call - August 1, 2008
5. Barr Will Host an Earnings Conference Call on August 7, 2008 to Discuss the Results for the Second Quarter of Calendar 2008
6. Triple-S Management Corporation Schedules Second-Quarter Earnings Release and Webcast
7. Hanger Orthopedic Group, Inc. Announces Second Quarter 2008 Earnings Release Conference Call
8. Chubb Expects to Release Earnings on July 24 and Hold Conference Call on the Same Day
9. Chinas Leading Healthcare Market Player Records 200% Increase in Profits and Earnings
10. DST Systems, Inc. Announces Notification of Earnings Release Date
11. BD Announces Live Webcast of Third Fiscal Quarter Earnings Conference Call

Post Your Comments:

Past Earnings Play Role in Determining SSD...(guarantees income if their condition doe...),Health