Getting Your Finances Ready for your SSD case II

Written 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 deciderepparttar 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 whenrepparttar 119201 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 inrepparttar 119202 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 byrepparttar 119203 law, claimants are allowed to work to sustain your expenses. You may also consider restructuring your debts and obligations to make survivingrepparttar 119204 disability process more likely. You can consider these choices at any level of your social security disability case.


Written 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 belowrepparttar 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 passrepparttar 119200 income and asset screens to qualify regardless of whether they are disabled.

This program does not limitrepparttar 119201 number of recipients living inrepparttar 119202 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 asrepparttar 119203 noncouple multirecipient (NCM) households. Different economies of scale arise from these categories.

Two different surveys about SSI recipients were conducted byrepparttar 119204 SIPP orrepparttar 119205 Survey of Income and Program Participation and Social Security Administration. Both haverepparttar 119206 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 inrepparttar 119207 same household is guaranteedrepparttar 119208 full individual federal benefit rate while married couple recipients are guaranteed with 150 percent ofrepparttar 119209 FBR for individuals. This means that relationships between SSI members and other members ofrepparttar 119210 household do not affect benefit payments unless they are married couples living inrepparttar 119211 same household. Children are most likely to live in an NMC household.

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