What is Social Security Disability Insurance?
SSDI is a federally funded disability program which pays cash benefits for individuals who cannot work due to medical disabilities.
Most of us know that our payroll taxes goes toward our retirement. But many of us don’t realize that those taxes act as an insurance premium toward coverage for Disability Insurance.
This premium is called a credit or a quarter of coverage. In general, every three months of work earns us one quarter of coverage. So a full year of work earns us 4 quarters of coverage.
You need 20 quarters during the last 10 years in order to be insured. But there are different rules if you are under age 31.
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What is Social Security Disability Insurance?
