For many reasons, adults may suffer an illness, injury, or other medical condition that makes it impossible for them to work. In these situations, they may receive Social Security disability insurance benefits that help to pay for living expenses. They may also be eligible for Medicaid. Medicaid is a public health care program that pays for doctor’s visits, medical services, and prescription drugs.
Disability Benefits at Retirement Age
Social Security disability benefits will automatically switch over to Social Security retirement benefits once the individual reaches their eligible age of retirement but the amount remains the same. If they are eligible for Social Security spousal benefits, they will also receive this payment each month—however, they must apply to receive this benefit. In many cases, the monthly benefit amount received will not change, and may increase depending on how long the individual worked. Other considerations include if they currently receive a monthly pension, and how much was earned toward Social Security retirement benefits before they became disabled.
Compassionate Allowance Rule
There are some other, special circumstances for people who are receiving Social Security disability benefits. Under the Compassionate Allowances determination, the Social Security Administration may provide additional allowances and fast-track benefits for those who are the most disabled and meet certain medical criteria. For example, someone facing a life-threatening illness and nearing retirement age may be eligible for this determination.
How to Qualify for Social Security Disability Benefits
Qualifying for Social Security disability benefits depends on a few things. An individual must have worked for at least 10 years, and have a medical condition that is determined to be an actual disability under Social Security rules. This can include a catastrophic injury or illness, a physical or mental impairment, or another medical condition that prevents one from holding meaningful employment.
How to Decide Whether or Not to Retire Early
If you choose to retire early at the age of 62, your retirement benefit is reduced until you reach full retirement age. If you are already receiving disability benefits, you are likely already receiving your full retirement amount. So, many people who are receiving disability benefits would receive higher payments if they chose to remain on disability instead of retiring early.
