Social Security Disability benefits will see some changes in 2021. Here are a few of what changes as the New Year begins.
- An Increase in Benefits: For 2021, Social Security recipients will receive an 1.3% increase to their monthly benefits. This is for the cost-of-living adjustment (COLA) which helps benefits keep pace with inflation. For the average Social Security recipient, this 1.3% raise amounts to just $20 per month on an average monthly payout of $1,543.
- Increase in Maximum Amount of Benefits: The maximum amount a social security disability recipient can receives increase in 2021. The maximum amount for the legally blind has increased by $80 a month to a maximum of $2,190. For the non-blind, the maximum benefit increased $50 a month to $1,310 per month.
- Need to Earn More to Earn Work Credits: In order to qualify for SSD benefits, you must have earned at least 40 work credits (maximum of four per year) over your working life to qualify for Social Security benefits. The amount it takes to earn a single credit goes up in 2021 by $60.00. Now, it will take $1,470 in earnings to earn a work credit. To earn four work credits for the year, you need to earn $5,880.00 for the year.
Qualifying for social security is not easy, but not impossible. If you have questions about social security disability benefits, we are here to help. Call us at 727-796-8282 or visit us at ClearwaterSSDHelp.com.
Attorneys Matthew Noyes and Lorrie Robinson help those fighting for their social security benefits. They are the authors of two books pertaining to qualifying for social security disability benefits. Attorney Matthew Noyes is a named partner at the Tampa Bay law firm of Perenich, Caulfield, Avril & Noyes, P.A. For a free consultation about you qualifying for social security disability benefits, call us at 727-796-8282 or simply click here to schedule a free consultation.