October 30th, 2013|
October 30, 2013
For the roughly 58 million people who depend on Social Security Disability benefits as their main source of income, increases in the costs of products and services can cause making ends meet extremely difficult. The Nashville Social Security Disability Lawyers with Ponce Law explain relief may be coming for many of these individuals next year.
The federal government announced earlier today that payments to Social Security recipients would go up by 1.5 percent in 2014. An article from News Channel 5 states the increase is being made as part of the Cost-of-Living-Adjustment (COLA program and will work out to a roughly $19 per month increase in benefits.
Each year, the federal government examines the fluctuations in costs of certain items deemed necessary for everyday life, such as food, water, electricity, and fuel. Experts then use the rates of inflation to determine an annual COLA to offset the increased prices.
Next year’s increase is listed as one of the smallest COLAs in the history of the Social Security program. COLAs have averaged around 4.1 percent over the past decade.
Michael D. Ponce & Associates and their team of Nashville Personal Injury Lawyers recognize how complex the process for determining how much an individual will receive in Social Security benefits can be. That’s why the firm suggests discussing your case with an attorney if you are considering applying for Social Security benefits.
October 7th, 2013|
October 7, 2013
When a person is unable to work due to a physical or mental disability, his or her ability to earn income may be limited. The Nashville Social Security Disability Lawyers with Ponce Law explain that assistance may be available to these individuals through Social Security disability benefits.
Social Security Disability is a program managed through the Social Security Administration that issues billions of dollars in aid to citizens unable to work due to medical conditions. These benefits are offered to those who have worked long enough to pay into the Social Security system.
If a claimant meets the work requirements for receiving benefits, it must be proved that his or her medical condition inhibits gainful employment. This can be achieved with medical records and testimony from treating physicians.
Once these steps are completed, the claim is processed and receives approval or gets denied. Data indicates that nearly 70 percent of all initial Social Security Disability claims are denied.
If a claim is denied, the claimant can appeal the decision and the case will eventually be heard in a court of law.
Michael D. Ponce & Associates team of Nashville Personal Injury Lawyers urge anyone considering applying for Social Security Disability benefits to discuss their claim with an attorney to ensure their rights to receive benefits are protected.