Social Security Disability (SSDI) benefits are subject to an annual review, during which the Social Security Administration (SSA) determines whether a Cost of Living Adjustment (COLA) is merited, based on whether the overall cost of living in the United States has increased, and in January 2015, about 64 million Social Security retirement and disability beneficiaries can expect a 1.7% raise in their monthly payments. If you believe you may be entitled to Social Security Disability benefits for a physical or mental disability that prevents you from returning to work, consult our reputable SSDI attorneys at Rechtman & Spevak today to discuss your legal options. With our skilled Social Security Disability lawyers on your side, you can protect your legal rights and pursue the SSDI benefits you deserve for your disability.
About Social Security Disability
SSDI is a federally-funded insurance program that provides monthly income benefits to individuals who are under full retirement age (65 or older), and who are no longer able to work because of a serious disability expected to last for more than 12 months or result in death. With the Cost of Living Adjustment put into effect this year, SSDI beneficiaries will receive $19 more per month in 2015 – from $1,146 in 2014 to $1,165 in 2015 – which is a total increase of $228 in SSDI benefits for the year. This may seem like a rather insignificant amount of money for some people, but the fact is that individuals with disabilities typically have higher healthcare bills, and a $228 increase in benefits per year can go a long way towards covering their costly medical expenses.
Contact Our Experienced SSDI Attorneys Today
Social Security Disability is a life-saving financial assistance program for many people in this country, and being that 2015 is just around the corner, disabled individuals who held off applying for SSDI benefits last year may want to revisit their condition and their financial situation, especially if they were unable to return to work in 2014. If you are suffering from a disability that prevents you from working or earning an income, contact our qualified SSDI lawyers at Rechtman & Spevak today for legal help. You may be entitled to Social Security Disability benefits to help cover the cost of your medical bills and daily living expenses, and our experienced SSDI attorneys can help you navigate the sometimes confusing Social Security Disability application process.