Friday, February 10, 2017

How Will the Social Security Reform Act of 2016 Affect Social Security Disability Eligibility?

According to the Social Security Board of Trustees, the program is running out of money and if nothing is done, they would have exhausted their $2.8 trillion cash reserves by 2034. This is why last December 2016, Rep. Sam Johnson introduced a proposed plan to Congress that he believes would save Social Security in the form of Social Security Reform Act of 2016 (SSRA).

Under the current program, people with physical or mental impairments that prevent them from fulfilling various activities and tasks can seek help from the Social Security Act. They can receive compensation, monthly benefits and Medicare assistance, depending on their income level. Even their family members who are approved beneficiaries can also get the benefits from the Social Security Disability Insurance (SSDI).

While most of these still stay the same, many of the proposed changes of the current SSRA 2016 bill involve cost-cutting measures to make sure that the program remains solvent. Read more from this blog:

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