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I realize you have a question about social security. My goal is to help you better understand your options.
When you turn 66, your benefits will switch from disability to regular benefits
Your benefits do not change at age 62
Up to 85% of your social security benefits could be taxable, if you earn other income.
Let me step back and say that your retirement benefit may be slightly higher than your disability benefit - but don't expect a major increase. Maybe $100 or so.
Additional earned income is considered taxable, and all of your additional earned income is taxed
Up to 85% of your social security benefits may be taxable. You can use a calculator available here to see how much of your benefit is taxable: http://www.calcxml.com/calculators/how-much-of-my-social-security-benefit-may-be-taxed
While on disability, you can earn $750 per month indefinitely with no impact on your benefits. If you earn over $750, you become part of a 9 month "trial work" period where you can earn an unlimited amount and still keep benefits. Then, once the trial period is over, you can make up to $1,040 per month and still keep your benefit
You can only do this for 36 months. After 36 months you would no longer be eligible for benefits, but your application would stay open and if you found yourself unable to work you would be able to start your benefits back up. You could do this up to 5 years...but at that point you would be retired
Once you are full retirement age, you can work an unlimited amount and still draw your social security benefit.
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Excellent so far ! Thank you . One more(?) question. I began receiving disability at age 56 - and went through an "audit last year where I provided documentation of medical condition and employment status. I have been through the work trial and continue to generate income of under $1040/month...WHat exactly "can only be done for 36 months'?..if I continue to earn after 36 months ...3 more years? I'll b 64...it seems unlikely they would cut me off ...I applied for Medicare is that protected at this point?