For those who receive Social Security Disability benefits, making ends meet on a limited source of income can be difficult each month. That’s why recipients will be happy to find out they can expect an increase in benefit payments in 2015.
The Social Security Administration announced that Social Security Disability benefit payments would increase by 1.7 percent in January. The increase was determined using the Consumer Price Index, which measures inflation rates based on fluctuations in the costs of goods and services. The increase in payments will translate to roughly $20 per month.
While the increase in payments is welcome, much of the extra $20 per month will be taken by the 1.3 percent increase in disability taxes.
The College Station personal injury lawyers with Daniel Stark Injury Lawyers suggest the following options to make the most of your Social Security Disability benefits:
- Regularly Check Your Earned Benefits– You can see the amount of benefits you’ve earned by signing up for a My Social Security account on the Social Security Administration’s website or by taking a glance at the statement the agency mails to you.
- Apply for Other Benefits– If you’re qualified for Social Security Disability benefits, you may also be eligible for Supplemental Security Income and other benefits programs.
- Get an Attorney– If you’re applying for benefits or appealing a denial, a Social Security Disability lawyer can help ensure your legal rights to benefits are protected.