What affects the amount of monthly disability benefits payable under?

What affects the amount of monthly disability benefits payable under?

The correct answer is “The amount of the benefits available from other sources.” The amount of the benefits available from other sources affects the amount of monthly disability benefits payable under Social Security.

How are monthly disability benefits calculated?

To calculate how much you would receive as your disability benefit, SSA uses the average amount you’ve earned per month over a period of your adult years, adjusted for inflation. To simplify this formula here, just enter your typical annual income. This income will be adjusted to estimate wage growth over your career.

How is disability amount determined?

Your SSDI payment will be based on your average covered earnings over a period of years, known as your average indexed monthly earnings (AIME). A formula is then applied to your AIME to calculate your primary insurance amount (PIA)—the basic figure the SSA uses in setting your actual benefit amount.

What is the primary factor that determines the benefits paid under a disability income policy?

What is the primary factor that determines the benefits paid under a disability income policy? Wages. (The major factor in determining the benefit amount paid under a disability income policy is wages.)

What are 5 reasons that disability benefits are usually paid to an individual?

5 reasons why people apply for disability benefits

• Income to support yourself and your family.
• Health insurance for your medical needs.
• Protect your retirement benefits.
• Protect your long-term disability income.
• Support for going back to work again.

Which of the following is considered a presumptive disability under a disability income?

A presumptive disability is a continuing total disability that is presumed in cases involving loss of sight, hearing, speech or the loss of any two limbs. Under these circumstances, the insurance company does not require the insured to submit to periodic examinations to prove continuing disability.

https://www.youtube.com/watch?v=UXsM2kZxdfE