“This slight increase in 2014 provides an opportunity for people with disabilities to revisit their budget and financial needs as they turn the corner and enter the New Year,” said
“It also may be the right time for those with severe disabilities who had to quit working in 2013 to consider applying for SSDI benefits if they aren’t going to be able to return to work in 2014,” Blazier added.
SSDI is a federally mandated insurance program that operates separately from the retirement and Supplemental Security Income programs. It is funded by FICA payroll taxes paid by workers and their employers. SSDI provides monthly income to individuals who are under full retirement age (age 65 or older) and who can no longer work because of a severe disability expected to last for more than 12 months or is terminal.
The COLA increase will result in about
“Any increase is a positive development for veterans and their survivors, who may be participating in the compensation, or service-connected disability, and pension programs,” explained
The VA provided disability compensation benefits to nearly 4 million veterans in 2013. “Veterans also may want to revisit their current VA disability rating or pursue a veterans disability appeal if they have experienced changes with their impairments and health,” Buchanan added.
As a result of the increase, monthly compensation for veterans without dependents will range from
For more information about SSDI eligibility or appealing a
To find out how to proceed with a veterans disability appeal or claim for service-connected disability benefits, call (888) 372-1190.
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Read the full story at http://www.prweb.com/releases/2013/12/prweb11433530.htm
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