Generally, SSDI gives more money to eligible recipients. However, it will depend on the beneficiary. Some SSI recipients may get more money than someone who is on SSDI.
If you are new to this, SSDI stands for Social Security Disability Insurance and SSI for Supplemental Security Income. Both of them are disability benefits, but they have different requirements.
To get SSDI you must have enough work credits. That means you must have worked for about ten years to qualify. If your disability appears at a young age, you may need fewer years of work. SSI is only for low-income seniors (65+) or people who are blind or have a disability.
HOW MUCH CAN AN SSI BENEFICIARY GET IN 2024?
Although this will depend on your personal circumstances, the average check is $674 as of December 2023. Of course, the maximum amounts are higher but few qualify for them.
A single person can get up to $943 in 2024, up from $914. So after the latest Cost of Living Adjustment Supplemental Security Income beneficiaries get up to 29 dollars extra. The lower your check is, the less money extra you get.
Married couples can only qualify for SSI if they are both eligible. The maximum check a married couple could get is $1,415 if they are on Supplemental Security Income.
The last group of SSI beneficiaries are essential persons. As a matter of fact, they can only get up to $472, up from $458. If your SSDI is low, you can apply for Supplemental Security Income too.
SSDI AMOUNTS FOR 2024
If the average SSDI payment is worth about $1,537, the average beneficiary gets about $873 more than an SSI beneficiary. Therefore, SSDI seems to be more convenient than the other disability benefits.
However, it is important to work for at least 10 years to get Social Security. Even if you can get SSDI before age 28 with just 1.5 years of work. This payment may be too low.
That is why many people on SSDI have to apply for SSI. SSDI checks could be up to $3,822 in 2024. To get such a large payment, you must have worked for a minimum of 35 years.
What is more, you must have earned the contribution and benefit base (taxable maximum) for 35 years. File as close as possible to Full Retirement Age is essential. So, apply for SSDI or Supplemental Security Income ASAP because a decision may take longer than expected.
