I am now receiving SSDI. I receive no SSI. I've been told by some?!
Question: I am now receiving SSDI. I receive no SSI. I've been told by some.?
that if I accumulate savings in an account that Social Security can dock my check or reduce the payment. Is this true.? I have received 14thou in back pay and its in my account. Can they use this against me now to reduce my monthly payment.?Health Question & Answer
Answers:
It shouldn't effect your monthly check from SSDI. But if you are getting food stamps or state medical then you might loose these benefits. Those are based on financial need and with all that money in the bank they would tell you that you had no need.
Good luck to you with thisHealth Question & Answer
Good luck to you with thisHealth Question & Answer
soc sec disability is based on illness. soc sec insurance supplement and medicare eligibilty is based on annual income, or less than 12K per year, or less than $950 per month. review socsec.gov online and quit talking to your friends , eventually, someone will complain and you aren't doing anything wrong. Your financial affairs are private. Soc Sec does pay retro active from time of application to disability approval.
Health Question & Answer
Health Question & Answer
no the back pay is your monthly payments that they owed you from when you first applied so no they can't reduce your pay.Health Question & Answer