Social Security Implements Changes for 2013
Social Security has created several new rules that are in effect this year. Many tasks that required a visit to a Social Security office can now be completed online.
For example, the amount of retirees claiming Social Security payments online is increasing. Beneficiaries can now access their statements, payment history, and benefit verification letters online. This convenience will minimize conversations that need to occur face to face between Social Security workers and the public.
Social Security offices have been closing 30 minutes early since November of 2012 in order to save money and avoid paying overtime to its workers.
The mailing of paper checks will cease beginning March 1st, 2013. Recipients will be given two options: 1) Have their payments directly deposited into a bank account, or 2) Have them loaded onto a prepaid Direct Express Debit MasterCard. About 93 percent of payments are already being made electronically for Social Security and Supplemental Security Income (SSI) beneficiaries.
There is now a higher earnings limit for those between the age of 62 and 66 who work and collect benefits. In 2013, workers between 62 and 65 can earn up to the amount of $15,120. For income earned above that limit, $1 will be withheld for every $2 earned. At age 66, $1 will be withheld for every $3 earned above the limit of $40,080. After age 66, the earnings limit does not apply any longer.
To increase your chances of winning your Social Security Disability claim it is important for you to hire an experienced Social Security Disability attorney to get you the Social Security Disability help you deserve. Please call us at 1-800-882-5500 or fill out a form on our website for a FREE claim evaluation.