3 Steps To Calculate Children's Derivative Social Security Disability Payments
1.
Confirm The Entitlement An eligible surviving child is entitled to a worker-parent's insurance benefits if the following conditions are met:
- The worker-parent was fully or currently insured at the time of death;
- The child is either under 18, under 19 and an elementary or secondary school student, or 18 or over with a disability;
- The child was the parent's dependent;
- The child is single; and
- If required, an application for the child's benefits is filed.
2.
Gather The Worker-parent's Social Security İnformation, Such As Annual Earnings, To Use İn The Calculations
3. Check The Social Security Administration's Website, Which İncludes A Calculator That Gives A Pretty Accurate Estimation Of The Child's Benefit Amount
Generally, the surviving child's benefit is 75 percent of the deceased parent's primary insurance amount.It could be less, however, if more than one survivor is entitled to benefits or the child is entitled to more than one Social Security benefit. The benefit may be payable in one lump sum or ongoing payments.
The child's benefits will terminate if any of the conditions that entitled him/her to payment become inapplicable, the child's entitlement was based on a legal adoption that is annulled, or the child dies. The effective date of the termination is generally the month in which the child no longer qualifies.
You Might Also Like :: How to Write an Enduring Power of Attorney
Save for later
Found this helpful?
Pin this article to your Pinterest board and come back to it whenever you need a reminder.
Save to Pinterest
