A physical or mental disability can be a serious issue that affects a person’s health, well-being, and quality of life. In addition to causing pain and discomfort and affecting a person’s relationship and home life, a disability may make it impossible for a person to maintain employment. This can put a person and their family in a difficult financial position, especially if they have additional expenses related to medical treatment or assistive devices and other accommodations in their home and vehicles. Fortunately, those who suffer from disabilities that affect their ability to work may be able to receive disability benefits through Social Security.
There are two types of disability benefits offered by Social Security: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Of these, SSDI is often the preferable option, since it provides benefits based on the income a person has earned in the past, while SSI provides assistance on a needs-based basis for people without a significant work history. To qualify for SSDI, a person must have earned sufficient “work credits” throughout their career. By understanding how these credits are calculated and the number of credits that will qualify for disability benefits, a person can make sure they will be able to receive the financial assistance that will address their needs.
Calculating Social Security Work Credits
Most people pay Social Security taxes on the income they earn, and by doing so, they earn work credits that count toward their eligibility for Social Security benefits. A person can earn up to four work credits each year. The amount of income required for a work credit is adjusted each year in accordance with changes to average income levels in the United States. For 2021, a work credit is equivalent to $1,470 in income.
...