The Social Security Disability program is facing a number of proposed cuts in the coming year. Because no substantial reforms have been made to Social Security Disability since the 1980s, changes in the system are necessary in order to lengthen the amount of time in which Social Security Disability’s trust fund will become completely depleted (currently estimated to happen in 2035).
There has been some discussion recently concerning a false notion that the only way to truly repair the Social Security system is to take it out of the hands of the U.S. Government, and place it into those of private companies. Some advocates believe privatization will result in a more generous return for investors, while naysayers generally raise concerns regarding the expected increase in denials of benefits to disabled persons who truly need the financial assistance Social Security Disability provides. Regardless of the privatization issue, some form of cuts in benefits to Social Security Disability recipients should be expected by the third quarter of this year.
These cuts will impact anyone currently receiving Social Security Disability, as well as anyone who may be approved to receive these benefits prior to the third quarter of this year. While none of any of the proposed reforms are going into effect quite yet, this is still an important issue of which to take notice. The SSA’s Press Office released a factsheet detailing some of the changes which will definitely take place this year.
Navigating your way through the Social Security system can be an unnerving and overwhelming process. The experienced attorneys of Lancaster and Eure do all they can to help their clients obtain the benefits they truly deserve. Call us for a free consultation (941) 365-7575, or feel free to contact us online.