Social Security Disability Insurance Changes for 2017. The Social Security Administration (SSA) conducts a financial review can affect disability payment amounts. Also, qualification rules, and other areas of Social Security Disability every year.
Whenever a serious medical conditions occur from stopping you from working. Then you can apply for benefits through SSA’s disability programs. The programs can help you get by with living expenses. Sometimes it can be very tricky when qualifying. That’s why it is a good idea to seek assistance. For example, a disability advocate or attorney even before starting your application process.
Social Security Disability Insurance Changes for 2017
In order to qualify SSDI. Requires a minimum of 20 to 40 work credits. It dependents on your age when you became disabled. Workers can earn four credits maximum per year.
In 2017 you must pay Social Security taxes on at least $5,200. In order to earn 4 work credits per year. The Social Security taxes have increased to $160 from 2016. However, if you already sufficient work credits then this will not affect you. But other adjustments will affect your SSDI.
- All SSDI recipients will see a 0.3% Cost of Living Adjustment (COLA) increase in 2017. The average person monthly benefit will be raised from $1,167 in 2016 to $1,171 in 2017.
- Substantial Gainful Activity (SGA) – in order to qualify for SSDI. An applicant cannot have an income from employment that exceeds the SGA level. Changes in 2017 for SGA for the blind applicants is $1,950. However, the non-blind applicants can have an SGA of $1,170 per month.
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