For the first time in five years, Social Security recipients, including those on Social Security Disability (SSD) or Social Security Supplemental (SSI) benefits, will not receive an increase cost of living adjustment. Benefits cost of living increases are determined by the rate of inflation. This year, the fact recipients will not receive a raise, is a direct result of lower gasoline prices.
The inflation measure used by the Social Security Administration was down 0.6% for the 12 months that ended in September — largely due to a nearly 30% drop in gas prices. The COLA is set every October based on the September inflation report.
Lats year recipients realized a 1.7% increase.
If you, a relative, friend, or neighbor have applied for Social Security Disability benefits and have received a denial letter form Social Security, contact Mooney & Associates right away. It is absolutely critical to contact us as soon as you receive a denial letter. Denials are time sensitive and if you miss the 60 day window to appeal the denial, you will have to begin the application process all over again. There are also other legal ramifications to missing the appeal deadline. It doesn’t cost you anything for a consultation and we can meet with you in any of our twelve convenient locations through Central Pennsylvania. Call 1-877-632-4656 to set up your FREE Consultation regarding Social Security Disability benefits.
