Need advice

My 30 yr. old daughter has drawn SSD since she was 15 yrs. old because a car wreck left her a paraplegic. In December 2008 she was involved in a wreck that totalled out her vechile and caused her to have surgery. The other ladies insurance is finally going to settle for the max on the policy of $50,000. After legal fees my daughter should get around $30,000. Plus her insurance company will be paying off under the under insured portion of her policy for around $50,000. Will these settlements effect her SSD and does she have to report these funds to SS?

Is she getting SSDI or is she getting SSI?

She gets SSDI. Does that help?

I do not believe SSDI is means tested, while SSI  is means tested--but you want to be sure to triple check as I could be wrong!

Just to be clear, I assume that she is getting benefits as a disabled child from a deceased or disabled parent's SS account.  A 15 year old generally would not have had enough of a work history at age 15 to qualify for SSDI on her own SSN.

As long as it is not SSI, you should be OK.  SSI is a program that looks at household income, etc.  A settlement of this type definitely will affect those benefits.