The Cost of Living Adjustment (COLA) for 2024 is set to be at 3.2%, which is down significantly from the record high of 8.7% for 2023. This dramatic decline is not necessarily a bad thing, however, as it is primarily the result of lessening inflation driving up prices. As a result, Social Security disability recipients will see a modest increase in their payments next year.
Tag: SSDI
Why Should You Appeal Your SSDI or SSI Application?
If you applied for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits and were denied, you are unfortunately in good company. More than half of all applications for SSDI and SSI benefits are denied, but thankfully there is an appeals process that can help rectify the situation. But why should you consider appealing your SSDI or SSI application?
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SSA Adds 12 New Disabilities to Compassionate Allowances List
The Social Security Administration (SSA) has announced it will be adding 12 new medical conditions to its “Compassionate Allowances” list. These conditions are severe medical conditions that are often permanently disabling, if not life-threatening. By adding these conditions to this list, it will make it significantly easier for people with certain severe disabilities to be able to access Social Security disability benefits.
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What is the CPI-W, and Why Does it Matter?
If you have looked into Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) it is possible you may have heard of the CPI-W. In fact, the CPI-W is essential for understanding how much you are likely to receive from your SSDI or SSI payments. But what exactly is the CPI-W, and why might it matter to you as an SSDI or SSI recipient?
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Five Medical Reasons You May Be Denied SSDI/SSI Benefits
If you are applying for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) then you likely are suffering from some kind of severe medical issue. However, many applicants who seek SSDI/SSI benefits wind up having their application denied for medical reasons. Here are five common medical reasons you may have your SSDI or SSI application denied:
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Five Common Types of Disabilities Seen in SSDI Applications
Every year, millions of people apply to the Social Security Administration (SSA) for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits. However, some types of disabilities are seen much more often than others when it comes to SSDI and SSI applications. Here are five of the most common types of disabilities seen in SSDI applications:
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Five Ways People Risk Losing Disability Benefits
If you are currently receiving disability benefits through the Social Security Administration (SSA), then you may think your worries are over. However, it is entirely possible to lose your Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits, even after you have been approved for them. Here are five ways that people can risk losing disability benefits:
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Five Signs You May Be Eligible For SSDI or SSI
Every year, millions of people apply for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI), but only a relatively small number succeed in obtaining benefits. Part of this is due to people not understanding the criteria you must meet before you can qualify for SSDI or SSI. Here are five signs you may be eligible for SSDI or SSI benefits:
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Economists Predict Drop in COLA to 3.1% Next Year
In 2023, recipients of Social Security benefits, including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) saw a record Cost of Living Adjustment (COLA) of 8.7%. This was the largest increase in the COLA since 1981, a significant increase in the amount of money they received. However, economists are forecasting a much more modest increase of 3.1% this year, as economic conditions begin to settle.
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Five Problems You May Run Into During Your SSDI/SSI Application
The process of applying for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) can be difficult and long, and any mistake may potentially lead to serious setbacks. If you are careful, however, nearly any problem you encounter can be addressed. Beware these five problems that you may run into while filling out your SSDI or SSI application:
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