Annual report raises concern about Social Security Disability fund
An annual report on the financial status of the Social Security Disability fund and the Medicare system was recently released, renewing concerns over the quickly depleting disability fund, according to the New York Times on July 22.
The disability fund is expected to be depleted by the end of next year, which will result in a 19% cut to benefits unless something is done to fortify the fund. The benefit reduction would affect 11 million beneficiaries. Although the Obama administration wanted funds to be transferred from the retirement account, which has been done in the past, the Republican congress wants to make long-lasting changes to the program.
Although politics may shift, the real need for disability benefits will not change. If you are disabled and unable to work in Indiana, the attorneys at the Hankey Law Office may help you throughout every step of the complicated application or appeals process. Call us today at (800) 520-3633 to learn more about your options.