Tag Archives: Social Security Benefits

Will My Social Security Paychecks Increase in 2020?

Each year, the Social Security Administration assesses the state of Social Security taxes and payouts. Adjustments to these rates occur when there is a need to accommodate inflation and cost-of-living expenses. If the cost-of-living increases, Social Security payouts change to reflect this. As such, Social Security recipients can expect their paychecks to increase in the upcoming year. Why Are Social Security Paychecks Increasing? The cost-of-living adjustment, or COLA, affects changes in Social Security payments. COLA takes into account price changes in everyday consumer essentials. This includes pricing increases for food, transportation, healthcare, housing, education, among others. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) records percentage increases in these areas. The Bureau of Labor Statistics uses this information to calculate changes in Supplemental Security Income (SSI). If there is no increase in cost-of-living, there is no COLA for that year. Changes in cost-of-living affect COLA so…
Read More »

Posted in Social Security | Tagged | Leave a comment

Is It Becoming Harder to Get Disability Benefits?

The amount of people applying for Social Security disability benefits is going down. This is unexpected news for experts, advocates and political leaders. And though some are celebrating this change in enrollment, others are asking why. Is SSDI Enrollment Going Down? According to The New York Times, new enrollments for Social Security disability benefits have gone down. In 2001, enrollments were at an all-time high of 2.02 million, but those numbers have fallen dramatically. Last year, there were under 1.5 million enrollments, and the downward trend seems to be continuing. The total number of recipients for the program is also going down. Members of the baby boomer generation are reaching retirement age in record numbers. This has caused the number of disability recipients to go down as these people are moved to retirement benefits. This has also extended the Social Security Administration’s (SSA) financial forecast. Just two years ago, the…
Read More »

Posted in Benefits | Tagged , , | Leave a comment

Can I Get Social Security Benefits For Spinal Muscular Atrophy?

A little girl born with Spinal Muscular Atrophy (SMA) Type 1 was given two years to live. That was back in 2013, and now she is fighting to enjoy every day of life. She has managed to learn her ABCs and 123s, but her parents have made several sacrifices to give her a good life. Despite her mother’s fulltime care, this little girl’s family still struggles with the medical expenses her condition can incur. Is there any help out there for others suffering from SMA? Can You Get Social Security Benefits For Spinal Muscular Atrophy? Depending on the severity of your symptoms, a person with SMA can qualify for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). In order to claim SSDI benefits you must have a qualifying work history, and your condition must prevent you from working. However, after two years collecting SSDI you can enroll in…
Read More »

Posted in Evaluation | Tagged | Leave a comment