Starting in 2025, there will be a lot of big changes for people who get disability benefits from Social Security. The Social Security Administration said that these changes will make benefits more in line with the current economic and demographic situation. Here are the most important parts of these updates.
Benefit Increases
One of the changes that people are most looking forward to is the rise in disability benefits. The goal of these increases is to keep up with inflation and make sure that beneficiaries can still buy things.
The change will be based on the Consumer Price Index (CPI), which shows how much things cost and inflation. For next year, it will be 2.5%, which is the smallest increase since 2021.
Full Retirement Age Update
Even though the full retirement age is mostly about getting benefits when you retire. The full retirement age might slowly go up starting in 2025.
This will change how people switch from disability benefits to retirement benefits. This means that the people who are supposed to get payments could see changes in when and how much they get.
Can I lose my disability benefit payment?
The Social Security Administration (SSA) said it might make it harder to get disability benefits starting in 2025. This is to make sure that benefits only go to people who really need them.
Some of the reasons a beneficiary could lose their payment are failing required medical exams, getting better enough to work again, making too much money, or not following the rules of the program. These steps are meant to protect the system’s ability to stay financially stable and make sure that funds are given to people who meet the set criteria.
Beneficiaries must stay up to date on program reviews and changes in order to avoid having their payments stopped.
