What Factors Determine the Size of Your Disability Benefit?
It can be frustrating if you cannot work, as you might be wondering how you will be able to provide for your family. The most important thing you must remember is that this is not a situation you have to face alone, as you can rely on long-term disability lawyers who can help you. It can be complicated to file for long-term disability benefits, but if you work with an attorney who can help you, you can put your case in the best position possible to be successful. You might also be wondering how the size of your disability benefits will be determined, and there are several factors to keep in mind.
Your Average Annual Income
One of the first factors the administration will look at is your average annual income. When you work, your employers must withhold specific amounts of money from your paycheck to ensure your taxes are covered. Some of the money from your taxes will go toward disability benefits, so the larger your annual income is, the greater your disability benefits should be. There is a cap on your potential disability benefits, and a professional can review your situation to ensure you understand exactly how it works.
There is also a chance that your age will play a specific role in your disability benefits. Once you reach a certain age, you may no longer be able to claim long-term disability benefits, as the government may believe that you should already be retired. Your age will be combined with your average annual income, and a complicated formula will be used to calculate the primary size of your disability benefits. If you want to learn more about how this process works, you may want to contact an expert who can help you with the application process.
Other Benefits You Receive
Finally, if you receive other benefits from the government, these could be factored into the size of your disability payment. Those who receive a host of other benefits from the government may not receive as much money in the form of a disability benefit, as the government does not want to incentivize people to avoid working. At the same time, you need to ensure that you receive all benefits to which you are entitled, including long-term disability benefits.
Remember that there is a chance that the size of your disability paycheck could change over time, particularly if you have other benefits that come and go or if you are expected to get better. Because of these reasons, you need to ensure you have an expert in your corner who can help you position your application for success.
Reach Out To a Disability Lawyer Who Can Help You
While there are a lot of factors that will determine the size of your disability benefit, you need to work with an attorney if you want to make sure those benefits are maximized. The process of applying for long-term disability benefits can be complicated, and a disability lawyer can help you review your case to make sure you have all the required documentation to support your claim of a long-term disability. Then, your disability lawyer can also help you maximize the size of your disability benefits to ensure you have enough money to support yourself and your family as you recover.