How Does a Workers Comensation Settlement Affect Social Security Disability Payments?

Full question:

If I have received Social Security Disability since 2003, and received a lump sum settlement from workers compensation in 2007. This was not reported as it was not asked for. Do I have to pay back Social Security? How much? I do not have the money anymore.

Answer:

If I have received Social Security Disability since 2003, and received a lump sum settlement from workers compensation in 2007. This was not reported as it was not asked for. Do I have to pay back Social Security? How much? I do not have the money anymore.

It s very possible there will be an offset in your Social Security payment. The amount owed will be a matter of calculation for the Social Security Administration. We suggest you contact them at toll-free at 1-800-772-1213

For further information, please see:

http://www.ssa.gov/pubs/10018.html

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, a workers' compensation settlement can affect your Social Security Disability benefits. The Social Security Administration (SSA) may reduce your disability payments based on the amount of the settlement. This is known as an offset, which is intended to prevent you from receiving more in total benefits than you would if you were only receiving Social Security. It's advisable to inform the SSA about any settlement to ensure compliance and avoid overpayments.