In a press release issued on October 13, 2017, SSA announced a 2.0% benefit increase for 2018.
The 2.0% cost-of-living adjustment (COLA) will begin in January 2018 for Social Security beneficiaries and on December 29, 2017 for SSI recipients.
This means that the average Title II disability benefit will be increased by $24 per month, from $1,173 to $1,197. For SSI recipients, the federal SSI maximum of $735 per month for individuals and $1,103 per month for couples will increase to $750 per month and $1,125 per month, respectively. Notably, the SSI resource limits will remain the same as they have been since 1984: $2,000 for individuals and $3,000 for couples.
Another important change occurring in January 2018 is the increased substantial gainful activity (SGA) threshold: from $1,170 per month for the non-blind to $1,180 per month and $1,950 per month for the blind to $1,970 per month.
The Trial Work Period (TWP) threshold will also increase from $840 per month to $850 per month.
Another adjustment based on the increase in average wages will be the maximum amount of earnings subject to the Social Security tax, which will increase from $127,200 to $128,700. SSA believes this increase will require about 12 million out of the estimated 175 million workers who will pay Social Security taxes in 2018 to pay more because of the increase in the taxable maximum.
The changes to Medicare premiums for 2018 has not yet been announced, but will be available at www.medicare.gov once declared.
This is what I hear over and over again from people trying to get their Social Security Disability or Veterans Disability benefits.
While I cannot speak for all attorneys, I can tell you that you will NEVER pay an up-front fee or "retainer" when using Hale Law Office for your Social Security Disability or Veterans Disability benefits claim.
We ONLY get paid IF we are able to win you some past-due/retroactive benefits.
For a Social Security Disability claim, our fee is set by Federal Law at 25% OR $6,000.00, whichever is LESS on the vast majority of claims. A few claims may end up allowing us a flat 25%, but those are on cases that must be appealed past the first hearing. We NEVER charge you for other "expenses" or "costs", and we gather most (usually all) of the evidence needed.
For a Veterans Disability benefits claim, our fee is limited to 20% of the past-due/retroactive benefits. There can be some costs/expenses involved with a VA claim, BUT we NEVER charge you for anything without FIRST clearing it through you.
Whether it’s a Social Security Disability or Veterans Disability benefits claim, the attorney fee MUST be approved by both you AND the Federal agency. Once approved, they will send me the fee 99% of the time so that you don’t have to mess with it.
Don't let the thought of having to pay someone up-front or giving up most of your money keep you from winning your claim!
The frustration level continues to grow right along with the backlog of claims within the Social Security Administration. Seeking Social Security Disability benefits is already a scary and humbling experience, and now the Government just cannot seem to take the steps needed to address the ever-growing number of applications.
Read more about the continued backlog of Social Security Disability claims and call us at 1-800-522-4595 with any questions you might have about your claim.