In June 2019, over 63 million people received Social Security benefits. Most of the recipients were older Americans who collected retirement benefits. However, other beneficiaries received Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). With so many people relying on Social Security for support each month, any alterations in benefits can make a big difference. In this article, we will look at some of the Social Security changes occurring in 2020.
Some Benefit Payments Increased
People receiving SSDI and SSI received a Cost-of-Living Adjustment (COLA) of 1.6 percent. As a result, the maximum monthly benefit increased to $3,011.
In addition, most SSI beneficiaries will see an increase in their checks:
- $12 a month for individuals, and
- $18 a month for couples.
Beneficiaries Can Earn More
Some people work while receiving monthly Social Security Benefits. However, the SSA limits earnings for people between age 62 and full retirement age. In 2020, Social Security recipients can earn up to $18,240, or $1,520 per month. Income over the limit results in a $1 deduction from benefits for every $2 earned.
Workers will need to earn more to accrue each work credit. In 2020, the amount needed to earn one work credit increased from $1,360 to $1,410. To receive SSDI benefits, workers must have earned enough work credits.
Thresholds Changed in 2020
Some disabled workers may try to return to substantial gainful activity (SGA). In 2020, their monthly income thresholds increased:
- Non-Blind: $1,220 to $1,260
- Blind: $2,040 to $2,110
- Trial Work Period: $880 per month to $910 per month.
Social Security programs are complicated. It’s a good idea to check with your SSA caseworker if you notice any unexplained increases or decreases to your benefits.
Are You Affected by the Social Security Changes in 2020?
If you feel you are not receiving enough or have been denied benefits, contact a California disability attorney today. Government benefit programs each may have their own rules and requirements. Figuring out which benefits to ask for can be a daunting task. It helps to have someone on your side.
At The Law Offices of Martin Taller, your case receives the attention and care of experienced Social Security Disability attorneys. For your free consultation, call us at 714-385-8100. We are located in Anaheim, but we assist clients throughout Southern California.