September 3rd, 2014|
You never know when an injury or illness may leave you unable to work. That’s why it’s so important to have a plan for the future by knowing the details about the Social Security Disability benefits you are earning today.
The Social Security Administration (SSA) used to mail every working United States citizen an annual statement of the benefits they had accrued. But the agency stopped sending these statements via paper mail in 2011 due to budgetary issues.
Since that time, only an estimated 6 percent of the workforce has signed up for the online alternative, My Social Security. According to Minuteman News Center, the slow transition to the new system has forced the SSA to begin resending paper statements to workers. This time though, they will only be sent to working citizens between ages 25-60 every five years.
Signing up for a My Social Security account will allow users to access benefit totals in real time, unlike statements that only come twice every decade. Furthermore, it lets Americans figure in costs, such as taxes, to give them a more realistic look at what benefits they would receive if unable to work.
It’s a good idea to speak with a Social Security Disability lawyer if you have questions regarding your benefits after logging into My Social Security.
At Fleschner, Stark, Tanoos & Newlin, we have the knowledge and experience to help clarify your concerns about Social Security Disability and how it applies to you. To learn more about how we can help with your benefits, call us at (800) 477-7315.
April 23rd, 2014|
Despite moving to a paperless system two years ago, the Social Security Administration recently announced it would begin mailing paper Social Security statements to workers in September.
Officials say the move is necessary, considering Social Security eligibility is based on time worked and money put into the Social Security System, and only six percent of American workers have signed up to receive statements online. Furthermore, experts believe those who will most likely need benefits do not have access to the Internet.
So, what do the mailings mean for U.S. citizens? The Social Security disability lawyers with Fleschner, Stark, Tanoos & Newlin explain it is important to look out for this document in the mail each year, as it can give a significant amount of insight into benefits you may be qualified to receive upon retirement or if you become disabled.
An article published by Reuters adds that the statements will include information about an individual’s available benefits at various ages and will also show how much a person as paid into Social Security taxes over time. This can prove advantageous when planning a nest egg for retirement or emergencies.
The team of attorneys with Fleschner, Stark, Tanoos & Newlin encourage citizens to examine these statements when they arrive in the mail. It should be saved with other important personal documents, so it can be reexamined over time. Doing so will help Americans make decisions about adjustments they can make to get the benefits they need.
January 25th, 2012|
The chairman of the Senate Special Committee on Aging announced Tuesday that Social Security benefits statements will again be sent out to selected age groups, according to The Washington Post.
Since the 1980s, Social Security statements had been mailed to workers older than age 25. The statements include a history of taxable earnings for each year, the total amount of Social Security and Medicare taxes paid over the lifetime of the worker, and estimates of monthly benefits, based on current earnings and based on when a worker plans to retire.
Annual statements will be sent next month to people 60 and older who are not yet receiving benefits.
One-time mailings to 25-year-old workers, introducing them to the program and their potential benefits, will be sent by the end of the year.
The bulk of the 150 million people, who had previously received statements in the mail, will not. They will instead be directed to a Social Security Administration website to access their benefit estimates.
People who are unable to access the Internet or who have other reasons for needing a paper statement will be able to request one.
Reducing the number of statements sent out is expected to trim the estimated $70 million annual bill to about $3.7 million.
Do you think that this move is an effective way for Congress to save taxpayers’ money?