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Blog

  • As regular readers of SS&Y are aware, the Social Security Administration administers 2 trust funds. The Old Age Survivors Insurance (OAS’) fund pays retirement benefits. The Disability Insurance fund (DI) pays disability benefits. When Congress passed and President Obama signed the Bipartisan Budget Act in November of 2015 to reallocate current contributions between the OASI…

    7+ months ago
  • The Social Security Administration has announced there will be no Cost of Living Adjustment in 2016 for the nearly 65 million Americans drawing Social Security disability, retirement or SSI benefits.  This is because there was no inflation between the third quarter of 2014 and 2015 as measured by the Consumer Price Index for Urban Wage…

    2+ years ago

News

  • Spring-Summer 2015 Newsletter SSDI Insolvency Looms We’ve known it’s been coming for some time and now it’s on our doorstep. Unless Congress acts the Social Security Disability Insurance Trust Fund (DI Trust Fund) will become insolvent late next year and unable to pay full benefits any longer. Millions of Americans who rely on their disability checks for most, if not all,…

    2+ years ago
  • Fall 2014 Newsletter OBAMACARE UPDATE On October 1st it will have been a year since enrollment began in the Affordable Care Act national health insurance program known as Obamacare. The difficulties in the early weeks and months have been well documented. But where are we a year later… Read the Newsletter in PDF format.   Read the Newsletter in PDF…

    2+ years ago

FISCAL CLIFF AVERTED

At literally the last minute President Obama and the Congress crafted a deal that will raise the marginal tax rate on income above $400,000 a year for individuals and $450,000 for married couples but preserve the so-called Bush-era tax cuts for the rest of Americans. However, other parts of the puzzle: raising the debt ceiling and sequestration (automatic across the board budget cuts) have been kicked down the road a couple months and will have to be addressed by the new Congress. Presumably cuts to the Social Security budget will be in play.

Social Security and Medicare will, presumably, be on the table when those cuts are addressed. Such cuts could impact on the hearing process for disability & SSI claims and could include the closing of Field Offices.

The “temporary” reduction for the employee portion of the Social Security payroll tax, which was in effect for the past two years, has been allowed to expire. This means additional revenue for the trust funds. President Obama has also indicated a willingness to consider a modification in how the cost of living increase for Social Security benefits is calculated. And raising the eligibility age for Medicare from 65 to 66 is likely to be part of the conversation as well.

Finally, SSA Commissioner Michael J. Astrue’s term is up this month and a replacement will need to be appointed by the President.

 

Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.

To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.

  • State Bar of Michigan
  • Washtenaw County Bar Association
  • National Organization of Social Security Claimants' Representatives

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