How Much Can SSDI Recipients Earn in 2021?
The Social Security Disability Insurance (SSDI) program provides financial assistance to individuals who have a disability that prevents them from engaging in substantial gainful activity (SGA). While SSDI is an essential lifeline for many individuals, recipients often wonder how much they can earn without jeopardizing their benefits. In this article, we will explore the current guidelines for earning income while receiving SSDI benefits in 2021.
1. What is substantial gainful activity (SGA)?
SGA refers to any work activity that generates income above a certain threshold. In 2021, the threshold for non-blind individuals is $1,310 per month, while for blind individuals, it is $2,190 per month.
2. How much can I earn without losing my SSDI benefits?
If you are receiving SSDI benefits, you can earn up to the SGA threshold without losing your benefits. However, if your income exceeds the SGA amount, you may be considered capable of substantial gainful activity and may no longer qualify for SSDI benefits.
3. Are there any exceptions to the SGA threshold?
Yes, there are exceptions for individuals participating in a trial work period (TWP) or the extended period of eligibility (EPE). During the TWP, individuals can earn any amount for up to nine months without affecting their benefits. The EPE allows individuals to continue receiving benefits for three years after the TWP ends if their earnings fall below the SGA threshold.
4. Is there a different earnings threshold for self-employed individuals?
Yes, self-employed individuals have a different earnings threshold. In 2021, the threshold for self-employed individuals is $940 per month.
5. Can I work part-time while receiving SSDI benefits?
Yes, you can work part-time and still receive SSDI benefits as long as your income does not exceed the SGA threshold.
6. What happens if my income exceeds the SGA threshold?
If your income exceeds the SGA threshold, the Social Security Administration (SSA) will review your case during the trial work period. If you continue to earn above the threshold after the TWP, your benefits may be terminated.
7. Will I lose my Medicare coverage if my SSDI benefits are terminated?
If your SSDI benefits are terminated due to exceeding the SGA threshold, you may still be eligible for continued Medicare coverage for a certain period. This is known as the “extended Medicare coverage” period.
8. Are there any deductions or exclusions when calculating income for SSDI recipients?
Yes, there are several deductions and exclusions that can reduce your countable income, such as impairment-related work expenses, subsidies, and certain impairment-related items or services.
9. Can I receive both SSDI and Supplemental Security Income (SSI) benefits?
Yes, it is possible to receive both SSDI and SSI benefits simultaneously if you meet the eligibility criteria for both programs.
10. Does my spouse’s income affect my SSDI benefits?
Your spouse’s income does not directly affect your SSDI benefits. However, if you are receiving SSDI benefits, your spouse’s income may be considered when determining your eligibility for other means-tested programs.
11. Can I continue working after I am approved for SSDI benefits?
Yes, you can continue working after being approved for SSDI benefits as long as your income does not exceed the SGA threshold.
12. Can I earn income from investments while receiving SSDI benefits?
Income from investments, such as stocks or rental properties, is not considered earned income and does not count towards the SGA threshold.
13. Will my benefits be affected if I receive a one-time payment or a bonus?
One-time payments, such as tax refunds or bonuses, are generally not counted as income for SSDI recipients. However, it is important to consult with the SSA or a disability attorney to ensure compliance with the rules.
14. Can I receive vocational rehabilitation services while receiving SSDI benefits?
Yes, vocational rehabilitation services are available to help individuals with disabilities return to work. These services can include job training, education, and job placement assistance, while still receiving SSDI benefits.
In conclusion, SSDI recipients can earn up to the substantial gainful activity (SGA) threshold without jeopardizing their benefits. It is essential to stay informed about the current guidelines and any exceptions that may apply to your situation. If you have any specific questions or concerns, it is advisable to consult with the Social Security Administration or a disability attorney to ensure you are making informed decisions regarding your income and benefits.