According to Social Security trustees, the financial lifespan of Social Security has been shorted by three years and is now expected to dry up by 2033. The trustees say the Social Security trust fund has been cut due to high energy costs and a slow economy.
A record 5.4 million people have been awarded Social Security Disability Insurance since 2008. An increasing population receiving disability benefits means trouble for Medicare since they can apply for Medicare after two years. Medicare is expected to run out in 2024.
In the first four months of 2012, nearly 539,000 have been awarded SSDI while an additional 725,000 have submitted applications.
If you need help applying for disability benefits, contact the Social Security Disability Insurance lawyers of the Hankey Law Office at (317) 634-8565 today.
This week the Social Security Administration announced that it will be adding 52 new conditions, effective in August, to its Compassionate Allowances program. The conditions mostly concern neurological disorders, cancers and rare diseases.
The Compassionate Allowances program was created in 2008 to help fast-track the approval process for applicants with certain diseases that clearly qualify them for Social Security disability. The addition of 52 new conditions increases the list to 165.
In the past fiscal year alone, the Compassionate Allowances program fast-tracked 61,000 people’s disability benefits for approval. Nearly 173,000 people have been quickly approved since the program began. For a full list of the new conditions, click here.
If you wish to know more about these valuable benefits, contact the Indiana Social Security Disability Insurance lawyers of the Hankey Law Office at (317) 634-8565.