Will My Personal Injury Claim Affect Social Security Benefits?
If you are currently receiving Social Security Benefits such as SSI (Supplemental Security Income) or SSDI (Social Security Disability Insurance) payments, you may have questions about how the money received from your personal injury case will affect these benefits.
Social security disability benefits (SSDI) are not income dependent or “need based” benefits. This means that you do not have to be below certain income or asset limits to qualify for these benefits. Because these benefits are not need based, a lump sum settlement of your personal injury claim will not have any effect on these benefits.
SSI is what is known as a “needs based program”. This means that whether or not you qualify for SSI benefits is dependent on your income and the assets you own. Depending on the amount, a lump sum payment for a personal injury claim can disqualify you from receiving these benefits.
Fortunately, there are legal procedures that we can use to lessen the impact of a settlement on your SSI benefits. In some cases, your settlement can be structured in a way that prevents your SSI benefits from being affected at all.
In order to make sure that your personal injury settlement doesn’t affect your income benefits, you need an attorney with experience dealing with SSI and personal injury claims. At Perkins Studdard, we have attorneys who specialize in both. We will work hard to make sure that the end of your personal injury case doesn’t mean the end of your SSI benefits. to get a free consultation with one of these attorneys, simply click complete the “Need Help” form at your right or call the phone number at the upper right of this page.