October 24th, 2013|
October 24, 2013
For those unable to work due to physical or mental conditions, Social Security Disability Benefits can be vital sources of income. However, the rising costs of services and goods that Americans use every day can make it difficult for recipients to make ends meet. The Appleton Social Security Lawyers with Sigman, Janssen, Stack, Sewall & Pitz explain this is why the Social Security Administration annually examines if a Cost of Living Adjustment (COLA) is needed for benefits.
The COLA is determined by examining the rates of inflation on certain products and services figured in the Consumer Price Index report. While these numbers have not been released for the current year, experts are estimating a COLA for 2014 of roughly 1.5 percent.
According to a story from the Marine Corps Times, the COLA will be one of the lowest in years, considering the average since the program was launched is roughly 4.1 percent. The average over the last ten years has been more than two percent. Lower gas prices in recent months have led to lower inflation rates, which are said to be one of the causes for a small COLA this year.
The law firm’s team of Appleton Personal Injury Lawyers recognizes how complex the process for determining Social Security Benefit amounts can be. That’s why the firm suggests speaking with an attorney prior to applying for benefits.
October 25th, 2012|
Oct. 25, 2012
To many citizens struggling to get by on the small amount they receive from Social Security Disability benefits, news of a small increase in payments set to begin in January was a relief. However, experts say that rising living expenses will cancel out any gain the raise presents.
News Channel 5 reports that each of the 56 million Americans receiving Social Security benefits will see a 1.7 percent increase in their benefits. This amounts to a roughly $20 increase in payments per month. The approximately 8 million individuals who receive Supplemental Security Income will also see a boost in payments.
These increases are based off of figures collected by the Consumer Price Index for Urban Wage Earners and Clerical Workers. The numbers look at fluctuations in cost on food, clothing, housing, fuel, utilities, medical care, and transportation.
One problem with such a low increase is that Medicare premiums are set to rise by as much as $7, which eats up approximately one-third of the increase. With gas, housing, and food prices skyrocketing as well, many social security benefit recipients will continue to struggle to get by.
The Appleton Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz understand how complicated the Social Security system can be. That is why the firm is here to answer any questions you may have about a claim, whether you’re preparing to file or have been denied in the past.
August 9th, 2012|
Aug. 9, 2012
A new study that was recently conducted by the Congressional Budget Office found that there has been a surge in the number of applicants for Social Security Disability benefits in recent years. According to the Huffington Post, from 1996 to 2009, the rate for disabled workers rose from 67 percent to 76 percent; there are now roughly 8.3 million Americans who are unable to work due to physical and mental disabilities.
Experts cite a number of factors behind the increase. While the majority of the growth can be blamed on a poor economy and an aging population, changes to the law in the 1980s also played a large role. The Reagan Administration created a set of rules allowing more individuals with mental and musculoskeletal disabilities to qualify for benefits.
While many believe the increase shows that it may be easier than ever to qualify for benefits, many who are in need beg to differ. Many applicants fail to receive benefits after first applying, and continue to appeal years after initially applying.
The Appleton Personal Injury Lawyers with Sigman, Janssen, Stack, Sewall & Pitz understand just how difficult and confusing the process of applying for social security benefits can be. That is why the firm suggests taking your case to an experienced attorney if you are unable to work and you believe you may qualify for benefits.