Social Security Disability Insurance (SSDI) Supplemental Security Income (SSI) Your specific circumstances will determine which program suits your needs. Who Qualifies for SSDI? Per the SSA, you may be eligible for SSDI if: You have paid a sufficient amount into the Social Security “trust fund....
It's a good idea to get an experienced special-needs planning attorney involved early in the process – as soon as you know disability is a potential issue – to preserve eligibility for benefits and to protect the family’s assets. Your Social Security office will be able to refer you to...
For more information, see How Borrower Defense to Repayment Loan Discharge Works. Income-Driven Repayment plans: Who qualifies for IDR loan forgiveness? Income-driven repayment (IDR) plans generally allow borrowers to pay a percentage of their discretionary income toward their student loans each month...
Both the VA and the SSA use a data matching system to help the U.S. Department of Education identify borrowers who qualify for a TPD discharge based on their status. The Education Department is alerted when a borrower qualifies for this discharge and can automatically forgive student loans and...
Social Security Disability Insurance, Supplemental Security Income, Medicare, Supplemental Nutrition Assistance Program (including food stamps and other programs) all use COLA to account for inflation when setting benefits. What could the COLA increase be in 2025? COLA for 2024 is 3.2%. Looking ...
In 2024, a total of 15.3% of an employee’s wages should go to FICA taxes, with 12.4% specifically for Social Security and the remaining 2.9% going to Medicare. Are FICA taxes the same as income taxes? No, FICA taxes are shared between an employee and employer, and go to specific gov...
SSI is a "means-based" program, placing strict limits on a recipient’s income and assets. In most states, someone receiving SSI who gets even $1 from the program also qualifies for Medicaid health coverage. This can in fact prove far more valuable than the SSI benefit itself. ...
The SSA has a definition of disability and looks at medical and work history to determine who qualifies for SSDI benefits. Learn More Eligible Disabilities The Social Security Administration has general guidelines for SSDI, but their medical criteria is different for different disabilities. Plus, some...
Total permanent disability may involve an individual’s loss of the use of limbs, with the injuriespreventing the policyholderfrom being able to work in the same capacity as they had before the injury. If the policyholder retires or leaves the workforce for any reason other than the injury, co...
The Social Security Administration (SSA) is a U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits, among other services. It's also responsible for issuing Social Security numbers and managing the program’s finances and trust fund. Unlike...