As baby boomers are reaching retirement age, the number of people receiving Social Security benefits in Michigan is increasing. According to recently released U.S. Census Bureau statistics, one-third of Michigan households received either retirement or disability benefits from the Social Security Department in 2014. The report shows these households received an average of $18,606 per month.
SSDI & SSI: What is the difference?
For those who experience an injury or illness that prohibits them from working for at least one year, Social Security Disability Insurance (SSDI) benefits are available. Individuals can sustain either physical or mental conditions either on or off the job. Those qualifying for SSDI benefits must have, at some point, been employed.
Supplemental Security Income (SSI) is available to those who have not actively worked for at least five out of the last ten years or who have never worked before the date of disability. A qualifying individual must have a physical condition preventing them from working for at least one year, as well as assets totaling less than $2,000.
Applying for both disability and retirement benefits
Some people become injured just as they reach retirement age. Those who are 62 or older can file for retirement benefits and disability benefits at the same time. That way, while they’re waiting for disability approval, they can begin receiving immediate income through their retirement benefits. Note that these will be reduced benefits if you are under the full retirement age of 66. If your disability application is not approved, your retirement benefits will continue. If it is approved, your benefits will change over to SSDI or SSI and you’ll see an increase in benefits.
If you need help appealing a denied disability claim or filing for SSDI or SSI benefits, our law firm can assist you. Contact us for a free consultation.