Social Security disability is set to head over the fiscal cliff long before Social Security retirement
According to the Washington Post, Social Security disability is set to head over the fiscal cliff long before Social Security retirement. Social Security Disability Insurance is set to owe more in payments than it receives in premiums in just four years. This means that Social Security Disability will be forced to cut its average monthly benefits by 20% since it is not allowed to run a deficit. This would be a huge blow for millions of Americans who depend on Social Security Disability Insurance payments to survive.
This does not mean that you should not apply for benefits if you think you qualify for them. However, it does mean that Social Security is becoming more selective in the application process. As baby boomers age the amount of applicants has increased. Social Security has responded by denying a higher rate of claims. The increased scrutiny means having a Social Security Attorney on your side is more important than ever. Your attorney works for you and is only paid if you receive benefits. Your experienced attorney knows how Social Security works and understands how to build your case from the ground up with a strong foundation of medical evidence. Don’t let the budget short fall Social Security is facing prevent you from receiving the benefits that you have paid for your entire working life.
Click Here for a more detailed article on this matter.