Disabled individuals who are receiving Social Security Disability benefits, or those seeking to qualify and apply for SSD benefits, will likely be interested to learn that payments for Social Security Disability will increase next year by an amount that is not insignificant. Social Security Disability benefits will increase by 2.8 percent, the Social Security Administration recently released.
Payment for SSD benefits will rise 2.8 percent next year and the increase will go into effect at the end of the year. The increase is due to a cost of living adjustment that is mandated by law. The increase is a little more than last year's increase and is the largest year-over-year increase since 2012. There are a total of 62 million Americans receiving some type of Social Security benefit.
Social Security Disability benefits are an important resource that may be available to injured workers and disabled individuals who qualify. To qualify for Social Security Disability benefits, it is necessary to meet the Social Security Administration's definition of "disability" and also to meet the necessary work history requirements. To be considered "disabled," the applicant must be suffering from a medical condition that is expected to last 12 months or longer or result in death that makes them unable to work.
There are a number of important details to understand about SSD claims related to who can qualify, how to qualify and the claims process. As a result, and because these are important benefits for so many disabled individuals, it is necessary to be familiar with that process and how to obtain those benefits when needed.