Who Pays For Social Security Disability Insurance?
- 1330 POINTSview profileMark TaylorLicensed Life Agent, Life and Finance/ 50 States, New YorkWell to be exact. Social Security benefits are paid for by taxable income and is federal. Tbis benefit is usually for retirement at Age 65. Other circumstances like permanent or serious injury that causes a person the inability to perform living activities or job functions will be administered earlier to.help with living expenses. There is no premium and you may consider paid when you received your paycheck.Answered on February 10, 2014flag this answer
- 63333 POINTSview profilePeggy MaceMost of the U.S.Everyone who pays into Social Security pays for Social Security Disability Insurance. SSDI benefits are funded the same way as Social Security benefits, which is from a payroll tax on all employers, employees, and self-insured workers. They are usually called FICA taxes, and they are managed by the Secretary of the Treasury.Answered on April 15, 2015flag this answer
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