For the first time since 1982, the United States Social Security Disability (SSD) program is likely to have a higher expenditure than it does revenue for the corresponding period. This could be the start of a huge problem as the small difference becomes larger and the extra funds needed chip away at the reserves for the program. Many people say that it is time for a change, but this change needs to be carefully considered.
Back in June, Senator Bernie Sanders introduced a bill, the Social Security Administration Fairness Act, that could revamp the Social Security Disability Insurance (SSDI) system to better help the people who need it. Opponents of the bill are balking at the fact that it will cost the average person who makes $35,000 per year around $30 to 60 annually to keep up with the cost of the program, as well as the fact that the program would increase the expected shortfall for the program.
Senator Sanders is proposing that there is a moratorium placed on closing community centers where disabled individuals go to seek help with their claims. The bill also takes away the two-year Medicare waiting period and the five-month waiting period for SSDI benefit payments. Together, these three big changes could help more people to get the financial help they need.
Unfortunately, the bill isn't expected to pass. It does provide some good ideas that others might consider if they introduce similar measures in the future. Since these changes aren't likely forthcoming, disabled workers should be sure to get their case filed as quickly as possible so they don't have to deal with unnecessary delays.