Overview of Social Security Benefits in 2017
Who Is Eligible for Benefits?
If you are over 62, you probably have questions regarding Social Security and your eligibility to receive benefits. There are many factors that should be taken into consideration, and determining if you can receive payments or medical assistance can be tricky.
At Disability Action Advocates, we gladly assist senior citizens, their family members, and individuals with disabilities in helping them understand the eligibility requirements for Social Security and provide them with trusted guidance in applying for benefits.
In 2017, there have been a few changes to Social Security eligibility. In order to be eligible for benefits, you must meet the following criteria:
- Be at least 62 years old
- Have worked for at least 10 years and acquired 40 credits
- Determine your full retirement age
Of course, there are various factors that may come into play in determining your overall benefits or eligibility. A representative from our team can work with you to discuss all options.
What You Can Expect to Change This Year
Each year, benefits will change slightly based on cost of living adjustments and taxes; however, for 2017, you can expect the following major changes to have a direct effect on your Social Security:
- Earnings test thresholds have increased. Individuals who reach full retirement age after 2017 will see a threshold of $16,920. Those that reach retirement age by at least 2017 can see a threshold of $44,880.
- Taxable earnings have increased to $127,200
- Cost of living has adjusted by 0.3%
Assistance With Retirement & Benefits
If you are one of the millions of Americans that are receiving Social Security benefits, then you deserve trusted representation and assistance throughout the application process. Many people have trouble determining eligibility for Social Security, and the regulations that govern earnings, benefits, and qualifications can be complicated.
Are you are considering applying for Social Security Disability benefits? Do you have questions regarding retirement age or the changes that occurred in 2017? Do not hesitate to contact Disability Action Advocates today and speak with an experience representative from our staff.