Social Security Payments Set to Increase in 2020

Individuals who receive Supplemental Security Income benefits or Social Security payments will receive more money in 2020. The Social Security Administration stated that benefits would rise by 1.6%, beginning in 2020. Anytime the Consumer Price Index goes up as part of the U.S. Department of Labor’s Bureau of Labor Statistics rises, social security payments must increase. Federal law mandates that when the cost-of-living increases, social security payments must also increase.

Who Will be Affected by the Change?

Americans who currently receive Social Security benefits will see the increased payments on December 31, 2019. Currently, over 69 million Americans receive Social Security benefits. After the price increase, Social Security Insurance payments will increase from $783 to $771 per month. Monthly payments for married couples will increase from $1,157 to $1,175 per month. While beneficiaries are likely happy to see an increase, this increase is lower than the 2.8% increase that occurred last year.

What is Social Security Disability Insurance?

Americans who are unable to work due to a disability might qualify for Social Security Disability Insurance (SSDI) benefits. Only certain individuals are eligible for SSDI. Claimants must meet the following requirements:

  • The claimant must have worked in a job covered by the Social Security Administration
  • The claimant must have worked for a qualifying period before becoming disabled
  • The claimant must have a medically determinable mental or physical disability that is expected to last one year or longer or result in death
  • The disability must prevent the claimant from performing gainful or substantial work
  • The claimant must prove that the severity of the condition rendered him or her incapable of engaging in his or her current job and any other job.

What is the Difference Between SSDI and Social Security Income?

SSDI is only available for claimants who suffer from a disability that prevents them from working. Social Security Income (SSI) payments are available to some Americans who have worked and paid Social Security taxes and meet other qualifications. Some individuals with minimal income and little to no other financial resources might qualify for SSI. Most Americans who have worked are entitled to Social Security Retirement Income.

Once individuals become 65 years of age or older, are blind, or disabled, they can apply to receive monthly payments. If the Social Security Administration denies the claim, the claimant has a right to file an appeal. New Hampshire SSI beneficiaries may be entitled to receive additional supplemental monthly payments from the state in addition to their federal SSI payments.

Seek Help From a Skilled New Hampshire Social Security Attorney

If you suffer from a disability and are unable to work, or you are blind or deaf, you may be entitled to SSDI. At Ward Law, we understand how important it is for clients to receive SSDI. That is why we fight hard on behalf of our clients. Contact the skilled Social Security Disability Insurance attorneys at Ward law to schedule your free initial consultation.