El Paso, NM – After working hard for decades no one wants to be reduced to living on disability benefits. Unfortunately, if you develop a medical condition that doesn’t allow you to work anymore, you’ll have to rely on benefits until you reach retirement age. According to official figures, in New Mexico, 5.4% of the population gets Social Security Disability benefits. When your health fails you, your first concern will be whether you qualify for Social Security Disability Insurance (SSDI). Then comes the next question – how much will I get? Can I survive on disability benefits?
For both questions, you should seek counsel from an experienced El Paso social security disability attorney. They will have a look at your papers to see whether you qualify for SSDI and they’ll tell you how much money you may get.
How are SSDI payments calculated in El Paso?
You may be surprised to learn that the severity of your illness does not influence the amount of benefits you receive. The people at the Social Security Administration (SSA) will check your medical records only to see if you meet the requirements. The amount of disability benefits you get depends on your average earnings before you got too sick to work. To be specific, the SSA will take into account only your so-called covered earnings. This refers to those jobs where your employer paid social security on your wages.
Your monthly benefits will be calculated using a standard formula based on your average covered earnings over a period of time, also known as average indexed monthly earnings (AIME). Using this formula they will determine your monthly benefits or primary insurance amount (PIA).
Additional benefits that may influence your SSDI payment
If you already receive certain benefits, the SSA may reduce your social security payments. Before applying for SSDI, you may want to talk to seasoned New Mexico social security disability attorneys to see how the other types of benefits you may be getting will influence your disability payments and what to do about it.
Here are several types of income that will affect your disability payments
- Worker’s compensation
- Public disability benefits
- Pension based on work not covered by Social Security
What is the average disability payment in New Mexico?
According to recent statistics, SSDI payments range between $800 and $1,800 per month. The average SSDI payment in New Mexico is $1,050.46. You may be able to get even three times as much if your earnings before you became disabled were high enough.
Can you get retroactive disability benefits?
You’ll probably need a good lawyer to help you with that. Under New Mexico law, you may be entitled to get retroactive disability benefits. This depends on two factors – the date you became disabled and the date you applied for benefits.
If you want to apply for SSDI, you should schedule a consultation with a reliable social security disability lawyer at the Jon Sipes law firm, serving New Mexico and Texas.
700 N Stanton St. Suite 210, El Paso, TX 79902
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