Happy New Year!
Jan. 1, 2021
Social Security Changes to Know in 2021
Each year the Social Security Administration looks at the cost of living, as measured by the Consumer Price Index, and adjusts Social Security benefits according to the data.
The 2021 cost-of-living adjustment (COLA) for Social Security Disability Income benefits is 1.3%. This is down from 1.6% in 2020.
Supplemental Security Income Max Payment
The maximum Supplemental Security Income payment increases in accordance with the cost-of-living adjustment.
The 2021 monthly maximum Supplemental Security Income amount is $796.00 for an eligible individual.
Substantial Gainful Activity Amount
A person must be unable to engage in “substantial gainful activity” in order to be eligible for disability benefits. The substantial gainful activity monthly amount is set by the Social Security Administration. A person who is earning more than that amount is ordinarily considered to not be disabled.
The 2021 monthly substantial gainful activity amount for blind individuals is $2,190.00 and $1,310.00 for non-blind individuals.
Interested in applying for Social Security Disabilty Insurance benefits or recently been denied? Contact Burke Law PLLC today for a free strategy session.