Social Security provides a guaranteed income each year for more than 53 million American workers and their families who have lost income due to retirement, disability or death. That’s nearly one family out of four. The three programs are Social Security retirement, disability and Supplemental income. Social Security beneficiaries earned their benefits by paying into the system throughout their time at work. These values and Social Security’s fundamental structure, in place since 1935, have withstood the test of time.
Social Security Benefits
Nearly two-thirds of retirees count on Social Security for most of their retirement incomes. It is a safety net that keeps retirees out of poverty. Between 1960 and 2008, Social Security helped cut the poverty rate among seniors by more than two-thirds, from 35 percent to just under 10 percent. More than 1 million children—more than 15 percent of those who receive, or live in a family who receives, benefits—are kept out of poverty by Social Security.
Social Security Funding
Social Security is funded out of payroll taxes; that is, a certain percentage of a worker’s paycheck goes directly into the Social Security fund to help provide benefits to current Social Security recipients. This has in recent years become a bone of contention with some current workers, who complain that the system is unsustainable and that after paying into the system their entire working lives, there will be nothing for them to collect in their own retirement years.
The Social Security trust fund is fundamentally sound with a surplus that, according to both the Social Security Trustees and the Congressional Budget Office, will continue for years to come. The trust fund is projected to grow from $2.5 trillion in 2009 to $4.2 trillion in 2024. Social Security can meet 100 percent of its obligations through 2037. And even if no changes are made, it can pay nearly 80 percent of scheduled benefits thereafter.
Reflecting the basic American values of hard work, personal responsibility, caring for family and neighbors, prudent management and respect for dignity and independence, Social Security gives expression to the principle “we are all in it together.”
The team at Sonyia Byrd encourages you to contact a GetMoneyYouDeserve.com attorney if you are denied at any level of a Social Security claim. They will represent clients at all levels, including litigation for you at the hearing before the administrative law judge. They have a 90% plus success rate with Social Security claims, since Sonyia Byrd takes the time to specially prepare her clients for their hearings.
What is the Social Security Disability Claim Process?
The Social Security Administration defines disability as a medical problem or impairment that has either kept you from working for 12 months or it is anticipated that you will not be able to work for 12 months.
You must call the Social Security Administration and file a claim for disability benefits. You should expect to be denied at this level.
If you are denied, you need to file a request for reconsideration.
If your reconsideration is denied, you need to file a request for a hearing.
Your claim will then be decided at a hearing before an administrative law judge, according to a 5 step sequential evaluation process that looks at many factors including your age, employment, medical problems, etc. Being prepared for this hearing is your best chance at being approved.
Contact Attorney, Sonyia Byrd today at 817-924-6700 to schedule a consultation, or browse their website for more information regarding the legal services you need.