The Social Security Administration conducts an annual financial review that may affect qualification rules, benefit payment amounts, and numerous other aspects of Social Security disability.
Here are some changes coming in 2017 that could impact you.
Supplemental Security Income
The financial resources limit has not changed, but SSI recipients will see a bit of a COLA increase.
A claimant cannot have more than $2,000 in financial resources to receive SSI. For couples, with each partner receiving benefits monthly, their combined financial resources may not exceed $3,000.
Individuals can now receive a maximum $735 per month. For couples, their combined SSI cannot be any higher than $1,103.
Social Security Disability Insurance
To qualify for SSDI, a claimant must have a minimum of 20 to 40 work credits, depending on the age they were when they became disabled. A maximum of 4 per year can be earned by workers.
In 2017, to earn four credits you will have to pay Social Security taxes on at least $5,200. This won’t affect your SSDI if you have already earned enough credits. But here are some changes that might:
Substantial Gainful Activity
The new 2017 SGA for non-blind applicants is $1,170 per month, and $1,950 for blind applicants. Applicants may not have income from employment exceeding the SGA level.
Trial Work Period Limit
In 2017, only months that see you earn at least $840 will count toward your TWP. In contrast to 2016, when a trial work month was capped at $810.
Cost of Living Adjustment
In 2017, all SSDI recipients will get a 0.3% increase in their monthly payments.
If you have a question about how any of these changes may affect you specifically, we would love to hear from you.