Recipients of Social Security Disability Insurance (SSDI) benefits will not see a benefit increase in 2016! Social Security Disability Insurance (SSDI) and SSI recipients saw a 1.7% increase in benefits in 2015. The COLA is based on the Consumer Price Index from the third quarter of the current year. This is only the third time in the history of the program that a cost of living adjustment has not occurred. The low price of gasoline seems to be the consensus culprit. It ignores the fact though that food prices continue to soar and this directly impacts those on a fixed income.
However, the COLA affects many important aspects of the Social Security Disability and SSI program besides the actual amount of benefits paid to claimants.
Other important issues/numbers are:
Substantial Gainful Activity (SGA):
Trial Work Period (TWP): $780.00 per month
SSI: Individual: $733.00 per month
Couple: $1,100.00 per month
If you need more information about a Social Security Disability/SSI matter, personal injury matter (car wreck, boating accident, slip and fall, etc.), EEOICPA claim, long or short-term disability, VA disability, Railroad Retirement Board disability, or a workers compensation matter, please contact the Law Offices of Tony Farmer and John Dreiser for a free case evaluation. We can be reached at (865) 584-1211 or (800) 806-4611, or through our website.