Melinni "Mel" Taylor | Community Partner Work Incentives Counselor

SSA Announces Increase In Benefits For 2018

 

The Social Security Administration has announced an increase in the benefits that will be paid in 2018.

SSDI beneficiaries will see a 2% increase in their monthly cash benefits.

SSI beneficiaries will see a 2% increase in their monthly SSI cash benefits from the full benefit rate of $735 to $750 (for individuals), and from $1,103/month to $1,125/month for couples beginning in January of 2018.

For SSI purposes, the resources limit remains the same; $2,000/month for an individual and $3,000/month for a couple. Information about resources limit can be found here.

The Trial Work Period threshold will be increased from $840/month to $850/month. The Substantial Gainful Activity (SGA) level will be increased to $1,180/month for non-Blind beneficiaries, and $1,970/month for Blind beneficiaries.

See the full announcement here: https://www.ssa.gov/cola/

See the SSA Fact Sheet: https://www.ssa.gov/news/press/factsheets/colafacts2018.pdf

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