Click here for a PDF document that lists the new Social Security Cost Of Living Adjustment (COLA) for 2019. Here are just a couple of important numbers to notice for the Social Security Disability Insurance (SSDI) and the Supplemental Security Income (SSI) programs. There will be a 2.8% increase in benefits this year. I will keep everyone up-to-date as soon as Medicare releases their numbers for 2019.
Social Security Disability Insurance (SSDI)
Substantial Gainful Activity (SGA) threshold:
Non–blind: 2018: $1,180/m 2019: $1,220/m … increase of $40.
Blind: 2018: $1,970/m 2019: $2,040/m … increase of $70.
Trial Work Period(TWP) threshold:
2018: $850/m 2019: $880/m
Supplemental Security Income (SSI)
Federal Payment Standard:
Individual 2018: $750/m 2019: $771/m … increase of $21.
Couple: 2018: $1,125/m 2019: $1,157/m … increase of $32.
SSI Resource Limits:
Individual: 2018: $2,000 2019: No change.
Couple: 2018: $3,000 2019: No change.
The linked document goes into more detail about retirement, tax rates and other federal benefits. If anyone has any questions please don't hesitate to ask. You can call me at 518-563-9058 Ext. 110, or send me an email at: norman@ncci-online.com.