Getting Your Finances Ready for your SSD case IIWritten by Maricon Williams
Why is it important to anticipate financial hardships? This is because it is arduous to live for two and a half years, sometimes more, with no income and means of support. It can happen that before a judge get to decide case, claimants do not have penny left. Another reason is to allow claimants to plan and minimize or avoid financial loss.
Planning ahead financially is a crucial step that you should take in pursuing a Social Security Disability case. A claimant has no idea up to when claim will last. An Initial claim may develop into a series of reconsideration or appeal and it will take a longer time so he better prepare his finances to avoid being left broke or homeless due to foreclosure or eviction order.
To avoid insolvency or financial drain in process of your claim, you should avoid incurring additional debts and obligations. These may accumulate interest and may add to your financial burdens. Try to look also for some ways to minimize your obligations and financial burdens. In some instances specified by law, claimants are allowed to work to sustain your expenses. You may also consider restructuring your debts and obligations to make surviving disability process more likely. You can consider these choices at any level of your social security disability case.
MULTIPLE SOCIAL SECURITY BENEFICIARIESWritten by Blur Lorena
Supplemental Security Income (SSI) is a federal program run by Social Security Administration that gives a monthly income to people with disabilities, blind, or who are 65 or older with limited income and property. Recipients must be a U.S. citizen or a national with countable income below federal benefit rate or FBR.
Recipients are grouped into children (age 17 and younger), working age (ages 18 to 64), and elderly (age 65 and older). Different policy issues and rules apply to various age groups. There are disability screens for children and working-age applicants while elderly must pass income and asset screens to qualify regardless of whether they are disabled.
This program does not limit number of recipients living in same house. There are three types of households: one-recipient households, households with two married SSI recipients and no other recipients, and households with multiple recipients other than married couple recipients, also known as noncouple multirecipient (NCM) households. Different economies of scale arise from these categories.
Two different surveys about SSI recipients were conducted by SIPP or Survey of Income and Program Participation and Social Security Administration. Both have same analysis and records indicating that one out of five SSI recipients live with one, or more, SSI recipient who is not a spouse. Nonmarried-couple recipients living in same household is guaranteed full individual federal benefit rate while married couple recipients are guaranteed with 150 percent of FBR for individuals. This means that relationships between SSI members and other members of household do not affect benefit payments unless they are married couples living in same household. Children are most likely to live in an NMC household.