The United States government provides many entitlement programs to American citizens, enabling those who qualify to receive special financial benefits. Although programs including Medicaid, Medicare and unemployment compensation are highly recognized U.S. entitlement programs, the Social Security Disability Insurance Program may be one of the largest. Many Missouri residents rely on SSDI benefits each year.
In recent years, the number of Social Security Disability claims has peaked, partly due to the fact that the baby boomer generation is aging and requires greater medical attention. However, over the last 3 years, SSDI claims have declined substantially, leading some to believe that the number of new claims will continue on this downward slope.
In 2000, 1.45 million people applied for SSDI benefits, according to the Social Security Administration. A decade later, the number doubled to 2.9 million Americans who sought benefits through the SSA entitlement program. Last year, the number dropped to 2.6 million, Approximately 884,894 of those applicants were actually approved for and received SSDI benefits.
This is good news for those who have worried about the depletion of the SSA’s trust fund reserves. With the previous growth of approved and qualified SSDI beneficiaries, funds were estimated to expire by 2017. The average SSDI benefit rate is slightly higher than before at $995 per month.
Only a fraction of those who apply for Social Security Disability Benefits will be approved. Filing for these benefits can be difficult. Many people are denied benefits due to incomplete applications. A professional attorney, who has thorough knowledge of the SSDI application process, may be able to lend vital legal counsel on filing for these benefits.
Source: The Wall Street Journal, “Has Social Security Disability Enrollment Hit Plateau,” Damian Paletta, Josh Zumbrun, Apr. 16, 2014.