If you purchased disability insurance on your car loan do they still have to pay the payment every month if you received social security disability?
Probably. What does your policy say?
28 people found this useful
If your only source of income is Social Security disability payments can the credit card companies take these payments to pay off your debts to them?
Answer . \nNo, ALL Social Security benefits are exempt from creditor attachment. The person should take care to not commingle funds in a bank account. For SS benefits to be completely protected they should be kept in a separate account, and the bank notified of the account deposit status. Any SS …or private disability benefits are mixed with other funds, the person should be aware that bank accounts are subject to garnishment and therefore all SS benefits deposited in said account should be clearly identified as such. (MORE)
Can the bankruptcy trustee take money for debt repayment in the six month period after bankruptcy disbursement if they receive a large Social Security Disability payment?
Answer . Typically no. There are no absolutes here. If you disclosed to the Court that you were in the process of obtaining Disability, you should have nothing to worry about. However, if you kept this info from them, I would ask the lawyer who handled your case.\n. \n. \n . \n No. All So…cial Security benefits whether disability, SSI, or regular pension benefits are exempt from bankruptcy action. (MORE)
The answer is NO, SSI will NEVER be garnished, except to repay SSI overpayments, which can be recovered by a 10% reduction of benefits. SSI will NEVER be garnished for student loans, back taxes, etc. Regular social security payments (NOT SSI) can be garnished IF you draw MORE than $750/mont…h. If you make LESS than $750/month, nothing can be taken from your earnings. A garnishment can take 15% or the amount OVER $750, whichever is less to repay a "non-tax" debt, such as a student loan. (MORE)
Answer . Why are the being sued?. past due on auto loans. They can be sued. I think your question is - if they win the judgement, can they garnish the SSI payment. NO. See link for citation
A felon may receive SSDI benefits if he or she is not incarcerated for more than 30 days and has no outstanding warrants. Social Security will not pay cash benefits to anyone living in a prison, jail, nursing home or other tax-supported facility; however, if the person remains eligible for disabi…lity under SSA guidelines, payments resume after release. Payees are not entitled to back benefits for the time spent incarcerated. (MORE)
Could you get a car loan with disabilty income you receive social security disability and you have poor credit?
No offence, but, you are drawing only SSDI, have poor credit, and want to borrow money to buy a car? Obviously with your poor credit, you have not made good choices in the past. And again you are making a poor choice. Forget borrowing money to buy a car. Save your money until you have enough to pay …cash for a car. You may only be able to purchase a beater that runs good and can get you from point A to point B, but you won't have a car payment you can't afford in the first place. This time make a wise decision and do not borrow any money. (MORE)
If you got a woman pregnent and she had a baby then yes, you have to pay child support. She needs that cash to raise the child. Step up and be a man.
The general rule of thumb is no, SSDI or SSI are not taxable provided they are the only source of income for an individual or family, however if an individual or family receives income from other sources (private work pensions, part time work, etc.) they may have a tax liability for a portion of the… benefits received. In these circumstances it is best to consult a tax attorney preferably one who deals with these issues on a somewhat regular basis. (MORE)
When a person is awarded Social Security Disability Insurance how is it that Social Security can withhold 6 months of pay?
When you are awarded Social Security disability benefits, you do not receive benefits beginning on your onset date. Rather, there is a 5 month "waiting period" before benefits begin.. As a practical matter, however, it is often a 6 month waiting period. This is because the waiting period is 5 full… months of disability. So if you have partial month, that month simply doesn't count.. For example, if you became unable to work on the 2nd day of the month, that whole first month would not count, since it is a partial month of disability. So the effective waiting period can be as long as six months before benefits are due.. For SSI benefits, there is no waiting period. Benefits accrue beginning the day you file for benefits.. Soure: http://www.socialsecuritydisabilitylawyer.us/blog/2008/07/title-ii-waitin.html (MORE)
Contact the social security on their web site. It is a good site and easy to use.
Can a disabled person who receives Social Security Income in the US receive a grant or a small business loan?
Hello Everyone and thanks to all that involve themselves in answering a question I have concerning owning an llc or inc business while being on disability.. To fill everyone in... My wife and I had a business. She ran the business I drew a disability check for a spinal condition every month for the… last 8 years. Recently We divorced. The Judge awarded me the house and our business. Problem is I would love to take over the store and run it myself....but I am just physically unable to sustain employment. I had placed my house and business up for sale. Since the economy has been really sluggish and perhaps for other reasons no one has shown any interest in buying. It is a really great set up. My wife made 6 figure income every year jus on regular customers...I would like to do that as well... but cant.. MY question is if I LLC or INC the business where the income is separate from my personal income... can i own the business and let the income produced just go to the business.....? If i cant run it and I cant sell it..... I dont know what the heck to do. There are some financial obligations now such as utilities, credits etc. Any help would greatly appreciated.... (MORE)
Well first you need to apply for disability benefits with the Social Security Administration. You can apply at your local SSA office or by calling the 1-800 number.
Yes , if you're disabled but able to engage in part-time work, SSDI allows earnings of up to $1,000 per month (2010) for most disabilities, or $1,640 per month for the blind under SGA guidelines (Successful Gainful Activity). If you earn more than this threshold, you may no longer be considered disa…bled. The Social Security Administration encourages disabled people to return to work if their disability allows, and provides numerous support programs, including vocational rehabilitation, as well as a nine-month (non-consecutive) trial period where full disability benefits continue while you test your ability to work. Trial work periods are triggered when your income rises above the "services" level of $720 or 80 hours work per month. Once the trial period ends, you enter an extended 36-month eligibility period during which benefits can be reinstated without a full evaluation should your disability interfere with continued successful employment. Additionally, you may continue to receive Medicare benefits at the standard premium rates for 93 months (7 years, 9 months) if you remain gainfully employed or employable after completing your last trial work month. The Social Security administration conducts Continuing Disability Reviews for most disabled people at varying intervals to determine if you are still disabled and remain eligible for benefits. Any work activity commenced within two years of becoming enrolled may trigger a review; however, SSDI will not conduct a review after two years if you enroll in their "Ticket to Work" program. If, at any time, you are considered medically improved and no longer qualify for disability benefits, you may be eligible for a period of extended coverage if you enroll in vocational rehabilitation. For more details on working while disabled, consult the SSDA Red Book, available via link, below. (MORE)
Social Security Disability Insurance (SSDI) is financed with Social Security taxes paid by workers, employers, and self-employed persons. To be eligible for a Social Security benefit, the worker must earn sufficient credits based on taxable work to be "insured" for Social Security purposes. Disabili…ty benefits are payable to blind or disabled workers, widow(er)s, or adults disabled since childhood, who are otherwise eligible. The amount of the monthly disability benefit is based on the Social Security earnings record of the insured worker.. Supplemental Security Income (SSI) is a program financed through general revenues. SSI disability benefits are payable to adults or children who are disabled or blind, have limited income and resources, meet the living arrangement requirements, and are otherwise eligible. The monthly payment varies up to the maximum federal benefit rate, which may be supplemented by the State or decreased by countable income and resources. See Understanding Supplemental Security Income for an explanation of SSI benefit payment rates (MORE)
The financial management service of the treasury dept. is threatening garnish my social security disability check if i don't pay them 110,000.00 which mostly interest. I have a heart condition and unable to work, lost business and sold house in short sale and gave them 13,421.22 dollars and that is …all i could pay because they were the 3rd mortgage and they excepted the money now they want threaten me with a garnishment is there anything i can do to stop this. (MORE)
If you remain disabled until you reach full retirement age, your disability benefits will convert to retirement benefits at the same monthly amount.
In most cases, people will not be able to receive social securitydisability if they move overseas. However, each case is differentand there is no way to know until the Social SecurityAdministration makes a decision.
Check the laws for your local area, but retirement pay is often exempt from a great deal of collection activity that would apply to normal wages.
Yes. You and each qualified minor child will receive a separate check or direct deposit based on the number of months of back pay awarded multiplied by the monthly benefit amount. Your children's lump sum payments will be smaller than yours, but should be equal to each other unless one (or more) of …your children was born during the settlement period. A child cannot receive back pay for any months awarded prior to his or her birth. The Social Security Administration requires the representative payee to set up separate savings accounts for each child, showing the child as the owner of the account, to ensure the lump sum benefits are protected. For more information, see Sources and Related Links, below. (MORE)
If you are sufficienty fit to care for and transport a child, maybe. I f you have a mental disability , probably not. Honestly consider your motivations for wanting to adopt. Your ONLY reason should be for the benefit of the child.
Yes. You can receive Social Security benefits while living in most foreign countries, and Canada is one of them.
The average for October, 2012 was $1,111.09. Payments are based on the disabled individual's work history (in essence, how much they've paid into the social security system). The disability benefit is based on the benefit at full retirement age regardless of the age of the disabled person. While a …35-year-old person declared disabled will receive Social Security payments as if they had reached full retirement age (66), they have not paid into the system as long, so the actual payment will be lower than if they had worked their entire life with periodic increase in salary. The younger the person is, the less they have paid into the system, thus, the less they receive in disability payments. (MORE)
What is the difference between social security disability insurance and social security supplement insurance?
Social Security Disability Insurance (SSDI) SSDI benefits are given to people who are unable to work anymore because their disability or medical condition is expected to last at least one year or result in death. To be qualified, the disabled applicant must also meet the SSA's strict definitio…n of a disability. Your medical condition must significantly limit your ability to do basic work activities such as walking or sitting for at least one year. However, further eligibility requirements to impose earnings test to ensure that the applicant meets the earning requirements. The "recent work" test is based on your age at the time you became disabled while under the "duration of work" test, you must have worked long enough under Social Security. Supplemental Security Income (SSI) Benefits under the SSI are not based on the work credits accumulated by a disabled employee - rather, it is needs-based and paid out to people who have low income and few resources. Also, SSI may be provided to the following people: â¢ Those who are 65-years old or older â¢ Those who are blind â¢ Disabled individuals (MORE)
Once you reach retirement age, your Social Security Disability benefits convert to regular retirement benefits, payable at the same rate. You cannot collect an additional amount due to disability. It is possible that you could qualify for the SSI supplemental security income, which is based on di…sability and income, in addition to your month Social Security benefit, but this is a different program and is not administered by the SSA. The amount of SSI paid is adjusted monthly based on what the person was able to earn in that month. (MORE)
Was approved for social security disability on April third 2010 when will you receive your back pay?
I was approved in January and got it in April. But different people get it at different times. You can get it fast or you may get it in a couple of months.
Worker's Comp (disability insurance) is different from Social Security and you can collect both if you qualify for both.
If a person receives Social Security Disability 680.00 per month can they work 20 hours a week 160.00 and still collect Social Security Disability?
Yes, but you must let social security know about the income. Your benefit amount may be reduced some to offset part of the income.
Only if the retirement disability is not from SSA (e.g., workers' comp or a public disability pension). One can receive Social Security disability and disability payments from other source(s) at the same time. See the Related Link below.
To begin with I too have Long Term Disability insurance payments and SSDI payments. My policy was specific as to what would happen when SSDI kicked in. My monthly payment would be reduced by the amount of SSDI. In addition I was required to submit any "lump sum checks" issued by the Social Security …Administration while my claim was being processed. Now I understand most policies work this way but until you get a copy of your policy and review it, it will be difficult to give a complete accurate answer. Hope this helps. (MORE)
When you are qualified for social security insurance disability payments yes and social security benefits are all one and the same thing. They are both social security benefits and some of the SSB can become taxable income on your federal income tax return.
Angina is not an impairment that's presumed to be disabling. Therefore, you would need to show that it's not treatable and that its effects make it impossible for you to perform any work that you would qualify for based on your age, education and experience.
Can you receive cash benefits from your retirement if you are not retirement age and have less than 15 years with company you are receiving social security disability payments?
You should get this information from the trustee of the retirement plan. But for income tax purpose you should be able to BUT the taxable amount of the distributions will be subject to income taxes at your marginal tax rate. It is also possible that from 50% to 85% of your SSB can also become ta…xable income at your marginal tax rate on your 1040 federal income tax return. When you are under the age of 59 1/2 the taxable amount of the distribution will also be subject to the 10% early distribution penalty plus income tax at your marginal tax rate. (MORE)
The SSA does NOT have any set amounts for this purpose. You will have to get the correct numbers that you might be qualified to receive depending on your work record by going to the SSA website and at the top of the page choose DISABILITY
No. Social Security Disability payments are not based on assets, but on income. Owning a house may affect SSI (Supplemental Security Income) payments, especially if the house is particularly large, valuable, or the individual owns more than one house.
The broad answer to the question is Yes. However, whether both categories of benefits are payable in a particular situation will depend upon whether the applicant is found to be "totally disabled" under SSDI guidelines, and how the private disability policy defines disability. A very comprehensive …explanation of the Social Security disability process appears on the Social Security website maintained by the Social Security Administration. Much, if not all of the initial application process can be done online, or you can go to a local Social Security Office. It often takes a while to get a determination, so patience is a virtue. The most critical element of the process involves medical documentation of your inability to work. A private disability insurance policy will define that which constitutes disability, and that definition must be met for benefits to be triggered. There are various definitions and the precise wording will dictate your entitlement to benefits (such as, you may be able to collect if you are disabled from doing that line of work that you did at the time of the disabling event, or you may be able to collect only if you are unable to do any sort of work). The long and the short of it is that you may very well be able to collectboth, but the specific answer is fact-driven. (MORE)
No, not directly. Social Security disability (SSDI) pays cash benefits and makes the recipient eligible for Medicare and certain other social service programs. Your disability may allow you to qualify for tuition assistance or vocational training from your state Vocational Rehabilitation department.… (MORE)
The auto insurance settlement wouldn't be taxable unless you realize a gain from it. Being on Social Security Disability doesn't exempt you from paying any taxes that may be due as a result.
In 2012, the average monthly SSDI benefit is $1,111, but the amount varies depending on how much you have contributed in FICA taxes. A cost-of-living increase typically is applied each year as well. If you receive SSDI benefits and you have a dependent under age 18, he or she also may be eligible fo…r benefits. (MORE)
The following are the only members of your family who may be eligible to get disability benefits based on your work: . Either spouse (as long as aged 62 years old or older) . Spouse, at any age, as long as a child of yours who is younger than 16 years old or disabled is under his/her care . Un…married child (also an adopted child) or even a stepchild or grandchild as long as the child is younger than 18 years old and in elementary or secondary school full time . Unmarried child even if aged 18 years old and above as long as she has a disability that started before the age of 22 (MORE)
A one-time payment of $255 is payable to the surviving spouse if he or she was living with the beneficiary at the time of death, OR if living apart, was eligible for Social Security benefits on the beneficiary's earnings record for the month of death. If there is no surviving spouse, the payment …is made to a child who was eligible for benefits on the beneficiary's earnings record in the month of death.Monthly survivors benefits can be paid to certain family members, including the beneficiary's widow or widower, dependent children and dependent parents. The following booklets contain more information about filing for benefits and can be downloaded; see related links . Survivors Benefits (Publication No. 05-10084) . Social Security: Understanding the Benefits (Publication No. 05-10024) A family member or other person responsible for the beneficiary's affairs should do the following: Promptly notify Social Security of the beneficiary's death. (MORE)
Yes, if you have a disability insurance policy with a "base benefit" that does not integrate with social insurance benefits. .
It is unclear what you are asking, but I will do my best. If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, though that that may leave you short for other needs, but it is business decis…ion for you to make. The payer of the disability benefits has no obligation to buy a car for you under ordinary circumstances. It would be the very odd situation that would require a disability payer to do so. Nonetheless, a private insurer may consider doing so as a means of facilitating your return to work and thereby no longer qualifying for disability. In the long run, it may be cheaper for it to go "out of policy" and do this, than paying benefits for a very long time. The contract controls what you can collect under a private policy; statutes control what you can collect under public sources of disability, such as Social Security Disability. (MORE)
No one knows what will happen to Social Security at the end of July. You will simply need to listen to the news to find out what congress does.
There are a few requirements for qualifying for Social Security Disability Insurance. The first, you must be insured. That generally means you must have worked and paid into the program (payroll taxes) for five of the last 10 years. You must also have been disabled before reaching full-retirement ag…e (65-67). Your full retirement age varies depending on your birth date. Finally, you must meet Social Security's definition of disability. (MORE)
No, if the lender doesn't receive collateral from you - their only recourse to recover the debt is small claims court. If they do open a claim against you in small claims court and win, the judge could issue a writ of garnishment for a percentage of your social security disability payments - however… that is incredibly unlikely. Unless you also have a "day job" source of income, you are not the ideal customer for a payday loan lender - keep that in mind when seeking them. (MORE)
What if you are unemployed and are receiving unemployment benefits can you still get social security disability payments?
You don't say where you are - so I'll have to answer as per UK law... I would say no. If you're simply unemployed, but capable of working, you can claim unemployment benefit. If you're on a disability allowance - that means you're incapable of work (and are thus not entitled to unemployment benefit)…. To claim unemployment benefit, you must be actively seeking work. If you're incapable of working, you're not entitled to unemployment benefit ! You cannot meet the criteria of BOTH benefits ! (MORE)
Disability payments are Social Security Payments. When a person reaches full retirement age (66), the payments continue as normal, but are no longer considered disability payments. A person does not receive two payments.
Yes, if it was a federally insured student loan or a federal student loan , within limits. Often what occurs is the monthly disability check will be reduced each month at an amount that allows one enough income for basic expenses and provide a sum for the repayment of the loan, until the loan …is repaid in full. (MORE)
Does your disability insurance company have the right to know your receiving social security disability for the same disability?
Yes. Most if not every disability insurance contract specifies that you must provide them with all "proof of loss", including information about the nature and amounts of income from other sources. If you have a group disability policy (sponsored by your employer, union or an association, for exam…ple), then it is very likely that the SS Disability benefits you receive will reduce the benefit payable to you. If it is a non-group disability policy (for example, that you purchased on your own without the sponsorship of an employer, etc.) then it depends on the policy as to whether Social Security Disability benefits reduce your private disability benefit. It is still usually the case that they will, but more variations tend to exist for non-group policies. It should be noted that it is very important to notify your private disability insurer any time an amount of source of income changes, such as when you are awarded Social Security Disability benefits. Failing to do so will often cause an overpayment of your benefits, so the longer you wait to notify them the more money you will owe them back. They always find out eventually, so it is not to your advantage to try to hide it from them. [Actively lying about it, in fact, may be considered insurance fraud, depending on your state's definitions and other factors, and could result in freeing them of their liability to continue offering you benefits.] There are also advantages to staying in good graces with the policy: many plans provide claimants with fringe benefits, such as waiver of life premiums, vocational disability services, job search/placement, credits for certain daycare expenses and/or spousal or dependent educational benefits, access to legal services and others. Also, if Social Security Disability someday decides you are not disabled and wants to terminate your benefit, your private disability insurer may help you prove your case to them, if it keeps their liability down and they agree you continue to be disabled. Even if your private disability benefit reduces when you receive Social Security Disability benefits, many policies have a minimum benefit (such as $50/mo, $100/mo, or if you're lucky, "the greater of $100 or 10% of Gross Monthly Benefit") so you will actually be receiving more money from the two sources than you would have from just Social Security Disability. (MORE)
Social Security benefits are payed out monthly alphabetically according to your last name. A's get paid first naturally, then so on in order though out the month. Good Luck if you are Mr. Zumba!