Disability solutions for you and your family

Social Security Update

 

In their annual report for 2018, the trustees for Social Security projected that Social Security retirement and disability programs will be insolvent by the year 2034. Even more troubling is that Medicare is scheduled to hit insolvency in 2026, three years earlier than last year’s estimate. The trustees also stated that 2018 will be the first year that Social Security will run an annual deficit, meaning Social Security will spend more than it collects. What will happen after 2034? Social Security has said that it will have to cut recipients benefits by 21%. Social Security will only be able to pay 79% of a recipient’s promised benefits. For Medicare, as of 2026, Medicare will only be able to pay 91% of promised benefits.

2017 saw a reduction in the number of Americans applying for Social Security disability. Fewer than 1.5 million people applied for Social Security disability last year, the lowest that number has been since 2002. Reasons for the drop in applications for disability vary including stronger economic growth, tightened standards for eligibility, and an increase in the number of baby boomers who are now receiving Social Security retirement instead of disability.

For more information on Social Security disability benefits and your eligibility, contact an experienced Social Security disability attorney at Gardberg & Kemmerly, P.C. today at 251-343-1111 for a free case evaluation. Gardberg & Kemmerly, P.C. represents Social Security disability claimants in Alabama, Mississippi, Florida, and Louisiana at all levels of the disability process from initial application to appeals to Federal Court. 

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Mr. Gardberg – I am forever in your debt. I will never be able to tell you how much I appreciate what you have done for me. I praise you and your firm for all they did to help me in my disability case. Thanks for being so kind.

– L. Nelson

Saying thank you is easy, but you will never know how you impacted my life by helping me with me Social Security disability case. This thank you comes right from the heart.

– R. Turner

Thank you, thank you , thank you to all of the angels in the law firm at Gardberg and Kemmerly. I sincerely hope you know how much you did to make my life better.

– D. Thompson