For the first time in 2 years, the Social Security Administration is increasing disability payments. The agency began using a cost-of-living adjustment to adapt disability payments to the economy in 1975.
However, this year and last year, inflation was too low for the SSA to warrant an increase. The COLA for 2012 will increase disability payments by 3.6 percent.
The nearly 60 million Americans receiving disability payments should notice the change in payments at the end of December or beginning of next year. With the 3.6 percent increase in payments, the average increase to monthly disability payments is estimated to be about $39.
If you or someone you know needs assistance filing for or appealing for disability benefits, contact the Denver Social Security Disability lawyers of Hull & Zimmerman, P.C. by calling (303) 423-1770 today.
As of December, 13 new conditions will be added to the Social Security Disability Insurance program's Compassionate Allowances list. The list currently includes 100 conditions which are considered to clearly meet guidelines for receiving disability insurance.
The Compassionate Allowances program was created for people with serious conditions as a way to speed up the approval process. Only about 5 percent of Social Security Disability Insurance claims meet the Compassionate Allowances program's criteria.
The conditions being added to the list are: Pulmonary Kaposi Sarcoma, Angelman Syndrome, Primary Central Nervous System Lymphoma, Lewy Body Dementia, ALS/Parkinsonism Dementia Complex, Progressive Supranuclear Palsy, Primary Effusion Lymphoma, Multiple System Atrophy, Corticobasal Degeneration, Lowe Syndrome, Malignant Multiple Sclerosis, Paraneoplastic Phemphigus, and Multicentric Castleman Disease.
If you are seeking assistance with an initial filing or an appeal for disability benefits, contact the Denver Social Security Disability Insurance attorneys of Hull & Zimmerman, P.C. by calling (303) 423-1770 today.
According to the Congressional Budget Office's 2011 Long-Term Projections for Social Security report, the shortfall in Social Security Disability Insurance will experience growth beginning in 2017. Disability Insurance payments are predicted to account for about 18 percent of the Social Security Administration's payments in 2011.
"As more members of the baby-boom generation (that is, people born between 1946 and 1964) enter retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. As a result, the shortfall (in the Disability Insurance (DI)) fund will begin to grow around 2017," states the report.
Furthermore, officials involved in creating the report hope that their findings will convince members of Congress to avoid cutting funding to the SSA. They predict that the issue will not be addressed until around 5 years in the future if and when the problem becomes more serious.
Contact the Denver Social Security Disability attorneys of Hull & Zimmerman, P.C. at 866-385-3505, if you or someone you love needs assistance filing for or appealing for disability benefits from the Social Security Administration.
According to The Wall Street Journal, the federal government's deficit-reduction deal which places spending caps on many federal agencies could actually result in an increase in Social Security Disability Insurance reviews by the Social Security Administration.
A lack of federal funding to the SSA has prevented the agency from reviewing many SSDI applications and removing current benficiaries of SSDI that are no longer eligible. Currently, the SSA has a back-log of around 1.4 million.
In 2002, the SSA was able to conduct around 850,000 continuing disability reviews. This number decreased to about 200,000 in 2007 and has only increased slightly since then.
However, because the deal exempts the SSA from a spending cap, the agency will be able to continue to allocate funds towards SSDI reviews without being capped.
If you or someone you love is seeking legal representation to help them file to receive SSDI, contact the Denver Social Security Disability Insurance attorneys of Hull & Zimmerman, P.C. by calling 866-385-3505 today.
May is recognized as Disability Insurance Awareness Month. Individuals with a long-term disability that prevents them from working and earning an income can be eligible to receive Social Security Disability Insurance.
SSDI is offered through the Social Security Administration and is funded through FICA taxes. People who pay their FICA taxes and experience a disability that prevents them from working for 12 months or longer can receive insurance through the administration. Monthly benefits are provided to disabled workers until they are able to return to work.
Financial director for the nation's leading Social Security disability representation firm Paul Gada states, "People experiencing a disability that prevents them from working will be placed in a weakened financial situation, so it's critical they apply for SSDI as soon as possible."
Contact the Denver social security disability lawyers of Hull & Zimmerman, P.C. at (303) 423-1770 today, if you or someone you love needs assistance filing for social security disability insurance.
People who receive Social Security Disability, Social Security or Social Security Supplemental Income have just been informed that they will not be receiving an adjustment for cost of living for the second year in a row.
Although there was no inflation, others are seeing a decrease in the check after the cost of Medicare went up. For working people in at least six states in the nation, they will see a increase in the checks from between nine to 12 checks per h0ur.
If you or a loved one has been not receiving the social security disability check that he or she deserves, you need experienced representation on your side. Contact the Denver Social Security Disability lawyers of Hull & Zimmerman, P.C., by calling (303) 423-1770.