Key News You Need to Know
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Social Security Updates:
Program Sustainability: economists and experts are advocating for Social Security reform to ensure its long-term viability. Proposed solutions include raising the earnings cap for Social Security tax, increasing payroll taxes, and automatically adjusting benefits based on program balance.
Expedited Benefits: the Social Security Management (SSA) is speeding up the request process for disability benefits for individuals with 13 newly recognized severe health conditions.These conditions have been added to the agency’s Compassionate Allowance (CAL) list.
New Conditions on CAL List: The 13 conditions include: Au-Kline Syndrome, Bilateral Anophthalmia, Carey-fineman-Ziter Syndrome, Harlequin Ichthyosis (childhood), Hematopoietic Stem Cell Transplantation, LMNA-related Congenital Muscular Dystrophy, Progressive Muscular Atrophy, pulmonary Amyloidosis – AL Type, Rasmussen Encephalitis, Thymic Carcinoma, Turnpenny-Fry Syndrome, WHO Grade III Meningiomas, and Zhu-Tokita-Takenouchi-Kim syndrome.
Decision timeline: Typically, the SSA takes 3-5 months to decide on a disability benefits application once all paperwork is submitted.