Social Security benefits are essential for many individuals, but these payments are not guaranteed. Each year, an average of 70,000 recipients see their benefits revoked for various reasons. Whether you are receiving Social Security, Social Security Disability Insurance, or Supplemental Security Income, there are events that could lead to the loss of your monthly benefits. While some situations might be beyond your control, such as going to jail or prison, others, like increased income, could be a trade-off worth considering. The type of benefits you are receiving also impacts how and when you could potentially lose them.
One common reason for losing Social Security benefits is starting to earn too much money. For those receiving Supplemental Security Income (SSI), getting a job that pays more than $1,971 per month could result in the end of benefits. However, for Social Security Disability Insurance (SSDI) beneficiaries, there is a trial work period of nine months where you can earn up to $1,550 per month without losing benefits. After this period, if your earnings are considered substantial gainful activity, your benefits may be suspended.
Another event that could lead to the suspension of Social Security benefits is being incarcerated for more than 30 days. Both Social Security and SSI benefits can be suspended while in jail or prison, with benefits potentially resuming the month following release. However, if the incarceration lasts longer than 12 consecutive months, SSI benefits will be terminated, requiring the individual to reapply once released. It is important to note that benefits received by spouses or children can continue as long as they remain eligible.
Divorce can also impact Social Security benefits, especially if you were married to your ex-spouse for less than 10 years, have remarried, or are entitled to higher benefits on your own. These provisions could prevent you from receiving your ex-spouse’s Social Security benefits. If your current marriage ends, whether due to annulment, divorce, or death, you may become eligible to collect benefits from your former spouse. It is crucial to understand all the factors that can affect your Social Security benefits and to plan accordingly to avoid any unexpected interruptions.
In conclusion, Social Security benefits are not guaranteed, and various events could lead to the loss of these crucial payments. Whether it is due to increased income, incarceration, or changes in marital status, it is essential to be aware of the potential reasons for benefit suspension and to take appropriate steps to address these circumstances. Planning for the future and understanding the rules governing Social Security benefits can help ensure financial stability and security in the long term.
