Sunday, September 10, 2023

A Significant Increase in the Earnings Limit for Disabled Individuals

Possibly, points that I made in one of my previous posts regarding the need to respect earnings limitations for disabled workers played a part in a significant increase in the earnings limit for disabled workers. At the time of said previous post last year the earnings limit for disabled workers was $1,350 and $2,260 for blind workers. Today, it is $21,240. 

...A dollar is deducted from benefits for every two dollars earned above said limit for those under full retirement age for the entire year. Presumably, this means a dollar for every two dollars up to the entire benefit and not more. Certainly, one should not have to pay Social Security more than their monthly benefit should their earnings exceed the limits to the extent of having to repay their entire benefit or not receive any of it for any given month or period of time...

The point that I was making is that a disabled person should be capable of earning without limitations if at any point during the qualifying illness or injury they are able to and still be on the Social Security and Medicare rolls for coverage during inevitable periods of incapacitation/hospitalization when they cannot work at all.

A disabled person could possibly earn an illimitable amount of money with a life threatening illness. Not only can these earnings increase the subject's monthly benefit when recalculated after a review of earnings for the given year(s), it would translate to the government's extended recovery of substantial revenues in terms of income taxes, FICA, and other deductions...



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