There are lots of things about the Social Security system changing in 2019. Some of these things are positive, while others may not be. As someone who relies on Social Security Disability (SSD) or who intends to seek it, you need to know how this year’s changes will affect you.
To start with, SSD thresholds are increasing. Right now, approximately 10 million people in America qualify for SSD. The amounts being received are increasing, with the legally blind receiving up to $2,040 monthly and the nonblind receiving up to $1,220 monthly.
Earnings limits are also changing. Before you reach retirement, you’re able to earn up to $17,540 and still receive Social Security payments. After retirement, it’s possible to earn $46,920 yearly before having the earnings affect your Social Security income. Keep in mind that SSD is normally only paid to those who are disabled and unable to earn a substantial living, and limits differ. In 2019, you can earn up to $1,220 monthly and still qualify. If you begin to increase your earnings too much, you could lose this benefit.
Beneficiaries who may be entitled to Social Security benefits will also see an increase in benefits of 2.8 percent. This is to make up for inflation across the market, making sure the Social Security benefits check has the same kind of buying power it did the previous year.
Social Security Disability is important to many Americans. To be certain of how much you can earn and what to expect in 2019, it’s wise to speak directly with your attorney.