Monthly Archives: July 2018

What You Didn’t Know about Social Security Disability Benefits

Social Security disability benefits are an essential part of the structure of our country’s workforce. However, many people still don’t understand the finer details of the system. This ignorance goes so far that some people think that disability benefits are an entitlement program. This couldn’t be further from the truth. What You Should Know About Social Security Disability Benefits The Social Security Administration is responsible for two programs that assist people who cannot work due to health conditions. These programs are the Supplemental Security Income program, SSI, and the Social Security Disability Insurance program, SSDI. While eligibility for SSI is determined by financial need, SSDI eligibility is based off you work record. When people talk about disability benefits, they are usually talking about the SSDI program. You see, the Social Security taxes taken out of your paycheck not only go toward the country’s retirement program, they also fund Social Security’s…
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Will Oklahoma’s STABLE Program Make a Difference for People with Disabilities?

People who depend on the benefits they receive from the Social Security Administration (SSA) often feel that the program limits them. That’s because they can’t save more than $2,000 a year, or else they risk losing their benefits. This has been a problem for Oklahomans with disabilities for many year, but that might be changing. A new state savings program may provide an option to help people with disabilities save money and invest. How Will Oklahoma’s STABLE Program Help People with Disabilities? On May 31st, State Treasurer Ken Miller made an announcement at the State Capitol. He introduced the new STABLE program, which provided tax-advantaged savings accounts to Oklahomans with disabilities. These accounts will allow individuals with disabilities to save up to $15,000 a year without endangering their disability benefits. Before this new program, people with disabilities risked losing eligibility for income, healthcare, food and housing assistance if they saved…
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