Social Security Disability (SSDI)
Social Security Disability Insurance, also known as Social Security Disability, SSDI, and SSD, is disability insurance for those who pay Social Security Taxes. Social Security taxes are collected via a payroll tax, which is deducted from an employee’s paycheck, and these taxes fund both Social Security Retirement, and Social Security Disability. Both the employee and employer pay this tax, as the employer matches the employee contribution. Additionally, self employed individuals also contribute to Social Security.
Social Security Disability Insurance, therefore, extends monthly benefit checks to those workers that have paid Social Security taxes, and are blind, or have become disabled due to a disease, impairment, illness, condition, or injury. The monthly dollar amount depends upon how much an individual contributed in Social Security taxes.
In addition, SSDI recipients may also receive a lump sum payment. This lump sum payment is referred to as Retro-Active Benefits, or Past-Due Benefits. This is a one-time payment, and Retro-Active benefits can extend back to one year prior to the date of the SSD application.
If you are found disabled and qualify for SSDI benefits, your dependent children may also receive some benefits.
SSDI recipients may also qualify for Medicare health insurance.
