TERRY KATZ & ASSOCIATES, P.C.
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May 2012 Archives

Saving the disability program

Many people living in Long Island and beyond rely on Social Security disability benefits. In fact, about 11 million Americans rely on Social Security disability benefits after an unexpected illness or injury prevents them from working. Although Congress is focusing their attention on retirement benefits, the numbers suggest they ought to be looking much more closely at disability benefits.

Social Security Administration moves statements online

Many in New York look for their Social Security statements to learn how much they are likely to receive in benefits. Until this year, the Social Security Administration sent each recipient in the nation paper statements through the mail. Now the administration has changed all of the statements to electronic online versions.

Social Security Administration: disability recipients increasing

One of the results of the long economic recession and stagnating recovery is that there are many people who have been unemployed for a long time. Additionally, data from the Social Security Administration documents that more people are receiving Social Security disability benefits than in the past. The uptick in recipients from New York and elsewhere resulted in a record-high 5.3 percent of people ages 25 to 64 receiving disability payments. This was a statistically significant increase from the 4.5 percent in the same age group receiving disability benefits in 2007.

How to stay afloat while you wait for disability benefits

There are reportedly 153 million workers insured by Social Security disability insurance. And the main purpose of the Social Security disability program is to be there when a person becomes disabled due to injury or illness and can no longer work.

Poor economy keeps Social Security's financial outlook grim

Receiving Social Security disability payments is a benefit for many workers who have suffered an injury or illness on the job. These payments can assist workers as they work to recover. Sometimes the worker can return to work after a time, in other cases those injured at work in New York are unable to return to work and must count on the Social Security Administration for the remainder of their lives.

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