Tag Archives: SSDIFunding

Is Social Security Healthier Than Everyone Realizes?

Have you heard the rumor that Social Security is dying? It’s a pretty big claim, and considering the bailout the Social Security Disability Trust got last year, some think it could be true. However, there are many details that are being left out by the doomsayers that think the end of Social Security is near. Here are a few of those details. Social Security Is Healthier Than You Realize Right now, experts say that Social Security will run out of money within the next 15-20 years, but there are some details they are leaving out. First off, the trust funds for Social Security retirement, survivor, and disability benefits added up to around $2.85 trillion in 2016. In 2015, those trust funds were at 2.81 trillion. That’s right, the Social Security trust fund is growing, and there’s even more good news you probably haven’t heard. The Social Security trust had a…
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How Long Will The Social Security Trust Last?

Last year Congress feared that the Social Security disability trust would run out in 2016, so lawmakers acted and took money from the Social Security retirement fund to extend how long the trust would last. Estimates projected that this measure would fund disability benefits up to 2022, and a new report confirms that estimate, but did that measure actually fix the problem? How Long Will The Social Security Trust Last? The annual Social Security and Medicare trustee’s report has just been released, and things seem to be on track for now, but the future of these programs is still in danger. The Social Security Administration predicts that it will only be able to pay 79 percent of promised benefits after 2034—if it combines and uses both the disability fund and the retirement fund. Separately, the retirement fund would only last until 2035 while the disability fund would be exhausted by…
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Will There Be Deep Social Security Benefit Cuts In 2016?

For months, people have been worried about issues with the Social Security disability trust, which was projected to run out of money later this year. Legislators in Washington and here at home have been arguing about the topic furiously, but solutions have been hard to come by. Will There Be Deep Social Security Benefit Cuts In 2016? Many senators have called for a reform of the SSDI system. Their goal is to make the system stricter than it already is to decrease Social Security fraud, but some question whether fraud is the problem with the system. The fraud incidence rate for Social Security is less than 1 percent, and measures could make the system even more difficult for people with disabilities to claim their benefits. To prevent certain security measures—and even longer waits for people waiting for their benefits—the Senate voted to shift tax revenue from the Social Security retirement…
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Proposed Budget Deal Makes Changes to SSDI

Last week, members of Congress agreed on a budget deal that could result in changes for the Social Security Disability Insurance (SSDI) program. According to the Washington Post, the budget draft will borrow from Social Security’s retirement coffers to fund the SSDI program for the next seven years. SSDI funding was expected to run out unless something was done by late 2016. The result would have been an automatic 19 percent cut in benefits for recipients. The budget bill would shift tax revenues from the SSA’s retirement fund to the SSDI program, a step that has been taken in the past. The Post reported that in addition to the shift in funds, the bill would expand the use of investigative units that collaborate with law enforcement agencies to track down fraud. “It also forbids ex-felons from making disability benefits determinations, beefs up penalties for fraud, and instructs the Social Security…
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Addressing Threats to SSDI and SSI

Recently, we have blogged about issues that may come up regarding Social Security funding over the next year and attacks that have been made on people who receive Social Security Disability Insurance (SSDI). The SSDI program is expected to run out of funds by the end of 2016, unless something is done to address issues. Because of this, there have been many false claims made in the media against the system and against beneficiaries. With this in mind, recently, there was an editorial on Behavioral.net by Ron Manderscheid, the executive director of the National Association of County Behavioral Health & Developmental Disability Directors (NACBHDD), addressing funding threats to both SSDI and Supplemental Security Income (SSI), from a mental healthcare perspective. “We must demonstrate to the Congress that almost 5.5 million persons with mental illness and ID/DD disabilities depend upon these programs for their very lives! Funding reductions for these programs…
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