Living on a fixed income, like Social Security Income (SSI), can be challenging. It’s even more difficult when your income fails to keep up with the cost of living and housing expenses. However, The Supplemental Security Income Restoration Act could change this. The act aims to increase income and resource limits for individuals who are on SSI. This is critical for keeping up with inflation. Continue on to learn more about the changes in SSI benefits.
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Roughly 10,000 baby boomers reach retirement age each day, which is above the U.S. average. If you are retired or you’re counting the days when you leave your full-time job, Social Security should be your biggest concern. It’s a fundamental part of your retirement income. As a result, it’s important to stay up to date on the COLA for the year 2020. However, before we dive into details, let’s find out what COLA entails.
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Are you unsure of the difference between Medicare and Medicaid? Don’t worry; you’re not alone. While the programs are commonly confused with one another, they are two very different programs. To make a more informed decision on your healthcare, make sure to take the necessary time to research each program. While you may be eligible for only one program, some individuals may be eligible to receive benefits from both.
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The cost of living is on the rise throughout the United States. And, learning how to estimate your retirement benefits is crucial. Doing so can give you peace of mind, as well as help you calculate living expenses and lifestyle accommodations. But, what if you already receive SSDI or SSI benefits when you reach your “full retirement age”? Will your retirement benefits have any effect on your SSI or SSDI? Continue reading to learn how retirement benefits affect SSDI/SSI benefits.
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If you cannot work due to a disability, you likely suffer from a loss of income. You may even be displaced or facing homelessness. Fortunately, the Social Security Administration (SSA) provides two financial assistance programs for qualifying disabled individuals. While you can receive SSDI and SSI benefits at the same time, it is important to know the differences between the two programs, how to qualify for benefits, and how to apply.
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When you work as an individual for a company, your employer deducts taxes from your paycheck. In fact, those taxes are what make disability benefits possible. This process fairly straightforward. However, for Social Security Disability (SSDI) recipients, it isn’t that simple. Disability payments aren’t always taxable. So, when do you file taxes when receiving disability payments?
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Are you unable to work due to a disability? If so, you might be in the process of filing a disability claim. Or, maybe you’ve yet to start. Either way, applying for Social Security disability can be confusing. Luckily, if you need help applying for disability benefits, there are people who can lend a hand. Below, you will find some professionals who can assist you along the way.
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If you see more people wearing blue this month, it might be because March is Colorectal Cancer Awareness Month. To help promote awareness, the Colorectal Cancer Alliance is launching its “Don’t Assume” campaign. At DSS, we want to highlight what you need to know and how a diagnosis could affect your ability to work. People diagnosed with colorectal cancer may be eligible for Social Security Disability Insurance (SSDI) benefits if they cannot work due to the disease. Here is what you need to know.
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Applying for SSDI or SSI benefits can be a complex process. Claim denials only add to the confusion. Understanding the main reasons why claims are denied may help your case get approved on the first go. On the other hand, if you’ve already been denied, figuring out what went wrong can help during reconsideration. That’s why we are here to explain the common reasons why disability claims are denied.
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