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Posts Tagged ‘Social Security disability’

Common Mistakes Cause Further Social Security Disability Delays

Tuesday, March 8th, 2011

According to Insurance News Net, two-thirds of people applying for Social Security Disability Insurance benefits have their initial application denied and even if they appeal, a waiting period of two years or more may loom before they ever see a disability payment.

SSDI is a federally mandated insurance program administered by the Social Security Administration. The program is funded by taxpayers and their employers through payroll taxes.

SSDI applicants can shorten the process by avoiding a few common mistakes that can have their disability application rejected. The federal disability is a complicated process, and follows a five-step sequential evaluation process to determine eligibility:

Claimant must not be gainfully employed. In 2011, gainful employment is defined as earning $1,000 a month or more.

Claimant’s condition must be severe, meaning it interferes with basic activities.

Claimant’s condition must be on the SSA’s list of disabling medical conditions or the condition is expected to last for at least 12 months, or result in death.

Claimant is unable to perform the work he or she performed before disability.

Claimants is unable to perform any other type of work.

A claimant must meet the first two conditions in order for the SSA to even consider a claim.

The Social Security Disability application process is complex, with long waiting periods between application and evaluation processes. However, a claimant can cause further delays by accidentally providing insufficient evidence to the SSA.

Number of Unemployed and Disabled Social Security Recipients On the Rise

Thursday, January 27th, 2011

According to a recent study by Allsup, a Social Security disability provider, unemployment for people with disabilities continues to outpace the unemployment rate for other works. The number of unemployed and disabled Americans is on the rise.

The study reports the number of people applying for SSDI benefits reached a record: 2.9 million applicants in 2010. This is the highest number of disability benefit applicants since the program began in 1956. The number of Americans leaving the workforce due to disability and then being unable to return to work is climbing. The U.S. Bureau of Labor Statistics proved this statistic in through its 2009 figures.

Unemployment averaged 14.5 percent in the fourth quarter for individuals with disabilities, compared to 8.9 percent for people with no disabilities. People with disabilities experienced a 57 percent higher unemployment rate than those without disabilities.

The U.S. Bureau of Labor Statistics also reported that in December about 6.4 million unemployed individuals had been jobless for 27 weeks or more. This particular figure is up from 2.6 million unemployed individuals in 2008.

A common frustration appears to be people disabilities realizing that they are physically incapable of returning to the workforce.

Congressional Budget Office Forecasts Social Security Shortfall in 2011

Monday, January 24th, 2011

According to the Congressional Budget, Social Security will post a $45 billion shortfall in fiscal 2011 year. According to the same report, Social Security will pay out more in benefits than it accepts in payroll taxes through at least 2021.

The Congressional Budget office announced the report in its bi-annual assessment of the United States budget. The CBO is a non-partisan office, which provides an economic analysis to the Congress. The office states the deficits would total $547 billion from 2012 to 2021.

The CBO forecast excludes transfers into the program from interest and other payments. According to the CBO, the weakest part of the current Social Security program is Social Security disability payments. The office forecasts that fund will deplete in 2017, if it continues without any legislative changes.