There are a lot of misconceptions out there about Social Security Disability. So, the Social Security Administration and disability attorneys all over the nation try to do their part to squash myths and rumors while informing the public of the facts. In that spirit, here are some details you may not have known about Social Security Disability.
3 Facts About Social Security Disability You May Not Have Known
- Where the Benefits Come From– Some would have you believe that the benefits from Social Security Disability are an entitlement handed out at the expense of the taxpayer, but that isn’t true. The benefits from the program are generated by the 12.4 percent payroll tax all working Americans pay. To qualify for benefits, you must have worked, and your survivors can only claim benefits based on your work.
- How Many People Are Covered– If you work, and have worked for the required amount of time, then you are guaranteed benefits in the event you fall victim to a condition that prevents you from working. At the moment that includes some 171 million workers covered by Social Security. And as of June, 10.5 million people with disabilities have claimed benefits.
- Do Disability Benefits Overextend Social Security– In 2017, it’s estimated that 62 million Americans will receive $955 billion in benefits. Of those benefit claimants, only 16 percent will be people with disabilities.
Arming yourself with the facts about Social Security disability is a great way to prevent yourself from being fooled by people seeking to disparage the program. Keep learning more about the SSA and SSDI by following our Tulsa disability attorneys here at Troutman & Troutman, P.C.—helping Oklahomans with disabilities when it feels like the system is stacked against you.