Individuals who are retired workers and their spouses who have paid into the Social Security system during their working years can be eligible to receive Social Security benefits monthly. Social security benefits are also available to individuals who are permanently and completely disabled. Major life events such as marriage, divorce, or death of a spouse may have a significant impact on social security benefits.
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The Social Security Administration (SSA) has announced several benefit changes for 2019 that will increase the amount of monthly compensation received by its beneficiaries.
Currently, those who perform substantial gainful activity — that is, the level of work that a person without a disability can do — can now meet a higher threshold in order to be eligible for benefits. This year, those who are sight-impaired could make no more than $1,970 a month; in 2019, the monthly threshold will be raised to $2,040. Those who are not considered blind will likewise have their threshold moved up from $1,180 a month in 2018 to $1,220 a month next year.
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Suffering a debilitating injury can pose a threat to your ability to work in the future. Not having a stable form of income to support your family with can be haunting. Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits might be able to help you, depending on your situation. Once you’ve completed the SSDI or SSI application, you will be notified of the status of your application and whether or not is has been approved. Should you receive a notice that your application has been denied, there may be more options available to you to repeal this decision.
Continue reading “The Denial of a Social Security Disability Insurance or Supplemental Security Income Application is Not the End”
As a working American, you will typically find a certain amount of money taken out of each paycheck designated as Social Security on your pay stub. 6.2% of your income will be contributed to the Social Security system and employers match this percentage for each worker, totaling 12.4%. Social Security provides you with benefits when you retire, become disabled, or to eligible family members with benefits when you die.
Continue reading “What You Should Know About Social Security”