The latest annual report from the Social Security Board of Trustees indicates that the disability fund is not expected to run out of funds until 2028. This is five years later than previous estimates. However, the reason for the healthier state of the fund may be of concern to California residents. According to experts, the additional five years of solvency is largely the result of Social Security Disability claimants waiting significantly longer for their applications to be approved.
The SSD backlog has grown sharply in recent years despite improving economic conditions and a fall in the number of new claims being received. There are now approximately 1.1 million of these claims pending, and reports suggest that claimants are waiting for an average of 583 days for a final decision. Even more alarming are reports that delays will likely rise to 605 days by the end of September. The average waiting time in 2011, when the economy was not performing nearly as well, was 360 days.
President Trump has recommended that $90 million of the Social Security Administration’s funds be allocated to reducing the SSD claim backlog, but some experts believe that this may not be enough to make a noticeable difference. They say that the current situation is the result of the agency being unprepared to deal retiring members of the baby boomer generation, and they point out that resources are likely to be stretched even further in the years ahead.
Individuals who are no longer able to take care of themselves or their loved ones due to a disability may turn to the Social Security Administration for help, but their claims are often delayed or denied because of minor mistakes or missing documentation. Attorneys with experience in this area may seek to prevent this from happening by checking all paperwork before it is submitted and ensuring that the supporting documents are in order.