Can I Apply For Both Early Retirement And Disability Benefits At The Same Time?
Posted on behalf of Phillips Disability, P.C. on Aug 28, 2015 in SSD
If you have a mental or physical disability that prevents you from working and are between 62 to 65 years of age, you could qualify for Social Security Disability (SSD). You may also apply for early Social Security retirement benefits. Visit the Social Security website to find out what your full retirement age is.
Remember, if you make the decision to receive early retirement, your monthly benefits are reduced a fraction of a percent for each month before your full retirement age. Which means you will receive fewer benefits than if you had waited until full retirement age. You may think that once your reach full retirement age the penalty will be removed. It is not.
If you are between the ages of 62 to 65, you can apply for SSD and Social Security early retirement benefits simultaneously. You will begin receiving the reduced monthly benefits through early retirement.
Later, if you are awarded SSD benefits, your reduced monthly benefit will increase to your full retirement amount. However, if your SSD claim is denied, you will only be able to receive reduced early retirement benefits.
If you are eventually awarded disability and applied for early retirement benefits while waiting for your disability application to be processed, you might be able to receive retroactive benefits for the amount of time Social Security was processing your disability application.
Applying for SSD benefits can be a confusing process. Speak to an attorney who specializes in SSD if your claim for benefits has been denied.
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Our disability benefits lawyers are dedicated to helping you get the benefits you need. We offer free consultations and do not get paid unless you are approved. If your claim has been denied, contact us today.