The United States Social Security Disability Insurance program, which provides benefits to over 11 million Americans, could be cut by nearly 20 percent. According to reports from the Social Security Administration Board of Trustees released in July 2014, the Social Security trust fund, which finances the federal program, is projected to be depleted by the [...]
In order to qualify for federal programs like Medicaid or Supplemental Security Income (SSI), a person can’t have more than $2,000 in cash savings or other assets. As a result, many disabled Americans are discouraged from working or setting aside money for long term expenses, since they don’t want to put their benefits at risk. A [...]
The New York State Comptroller recently announced that the contribution rates paid by state and local governments towards New York's pension funds will decrease. According to the Comptroller’s office the average rate of contribution will decrease to 18.2% for most public workers from 20.1%, the comptroller said. For police and firefighters, the employer rate will [...]
Senator Charles Schumer has recently introduced a new piece of legislation to the United States Senate. The proposed bill aims to assist New Yorkers with disabilities and their families in their preparations for the future. The bill, titled, Achieving a Better Life Experience Act (ABLE) creates a tax-advantage savings account for people with disabilities. According [...]