Should I file for early retirement or Social Security Disability Insurance (SSDI) benefits?

We get this question all the time from those approaching age 62 and my advice is to do both! It’s a common mistake to settle for a reduced rate of your Social Security Disability Insurance (SSDI) benefit when you feel you are no longer able to do your work, whether physically or mentally. 

If you’re currently receiving medical treatment for your impairments, you can easily apply for early retirement and simultaneously pursue SSDI benefits, provided you’ve worked long enough and recently enough to qualify. Approval for SSDI while receiving early retirement ensures you receive your full monthly retirement benefit at the early retirement age, along with access to Medicare benefits before turning 65.

Can I qualify for Social SecurityDisability Insurance benefits (SSDI) if I get veterans’ benefits?

Yes. It is possible and well deserved! However, the criteria for benefits from the Department of Veteran Affairs (VA) and Social Security are quite different. For SSDI, your impairments must first prevent the ability to work at what they consider ‘substantial gainful activity level.’ Eligibility is influenced by factors like age, education, and work history. SSDI doesn’t offer partial payments based on the degree of disability; it’s an all-or-nothing program. However, receiving veterans’ benefits doesn’t affect your SSDI eligibility or benefit amount, allowing you to collect both simultaneously.

Am I able to discontinue the Social Security benefit once I’m enrolled?

Absolutely! I will even go as far as saying that is the desired outcome. The Social Security Administration (SSA) provides monthly income and medical insurance with the intention that recipients will utilize them to improve their physical and mental well-being and eventually return to work. If you’re on SSDI and wish to attempt returning to work, SSA offers programs allowing you to test your ability to maintain employment while safeguarding your benefits. SSDI and Supplemental Security Income (SSI) benefits undergo periodic reviews to assess any improvements in your condition. If the review determines you’re still disabled, benefits continue; if it indicates you’re able to work, SSA assists in transitioning off benefits.