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Disability benefits may increase in 2023

On Behalf of | Oct 15, 2022 | social security disability

Those who receive certain types of financial support from the Social Security Administration may receive these payments because of a disabling condition. One’s eligibility and the amount of payments one could receive depends on the details of the individual situation, including work history, type of disability and more. The two main programs offered by the SSA for disabled individuals are the Social Security Disability Insurance program and the Supplemental Security Income. 

Cost-of-living adjustments 

Those in California who receive these types of benefits are unable to work, and this financial support helps them pay for their expenses and the things they need for daily life. The SSA intends to recalculate payments in 2023 in order to account for higher prices on consumer goods and the rising cost of living. Estimates suggest that inflation has caused an 8% rise in the cost of food, clothing and other basic needs. 

Due to these higher costs, the cost-of-living adjustments will be 8.7%. This is one of the highest COLA increases in the history of the Social Security program, and it will also apply to SSDI/SSI and SSI payments. Letters explaining how a recipient’s benefits will change are expected to go out at the end of this year. 

Seeking the important benefits 

If an applicant is seeking disability benefits through the Social Security Administration, it will be in his or her interests to seek an understanding of eligibility requirements. It may also be helpful to work with an experienced California attorney who can explain how to secure benefits through the SSI or SSDI/SSI programs. Disabled individuals may find the application process complex and confusing, and seeking assistance may simplify the required steps.