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Can you receive both disability insurance and Social Security benefits?
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Yes, it is possible to receive both disability insurance and Social Security benefits, but there are certain limitations and considerations to keep in mind. Social Security Disability Insurance (SSDI) is a federal insurance program that provides income to individuals who are unable to work due to a disability. If you qualify for SSDI, you can also receive Social Security retirement benefits if you reach retirement age. However, the total amount of benefits you receive from SSDI and Social Security retirement cannot exceed a certain limit. On the other hand, Supplemental Security Income (SSI) is a needs-based program that provides cash assistance to disabled individuals with limited income and resources. If you receive SSI, your benefits may be reduced if you also receive disability insurance benefits. It's important to note that each case is unique, and the specific rules and regulations may vary based on individual circumstances. It's advisable to consult with a qualified insurance or Social Security representative to understand the implications of receiving both types of benefits and how it may impact your overall financial situation.
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